Provide loans for unemployed workers in enterprises facing difficulty due to economic crisis

VBSP has issued the lending guidance following the Government's Decision No.30/2009/QĐ-TTg dated 23rd Feb 2009 on supporting unemployed labors in enterprises facing difficulty due to economic downturn.

Accordingly, for loan borrowers, the labors are unemployed in 2009, as enterprises meeting difficulty due to economic downturn has to decrease labor numbers from 30% and more (excluding short-term labors under 3 months); Labors lost jobs in enterprises that their boss hided in 2009; Overseas workers who lost jobs in 2009 due to enterprises meeting difficulty have to come back home before schedule.

For the loan policy, they are entitled to borrow loans from the National Job Creation Fund to create employment during 12 months since the unemployed date; they are entitled to borrow loans for job training following the Government's Decision No.157/2007/QĐ-TTg dated 27th Sept 2007 on credit for disadvantaged students in 12 months since the unemployed date; they are entitled to borrow loans from the lending program of overseas workers for definite term following the SBV's Decision No.365/2004/QĐ-NHNN dated 13th April 2004 in 12 months since the unemployed date or the date of coming back home.  

According to the Decision No.30, each credit program has the availing guidance of VBSP on  the loan procedures, interest rates and loan terms etc. In addition to loan applications, borrowers must have documents of unemployment proof, in details: copies of labor contract, copies of labor contract liquidation; for overseas workers who lost jobs and had to come back home before labor term must attach with labor contract copies of delivering labors to work abroad or individual contract copies and certification of enterprises on taking labors to work abroad or certification of work offices and organizations that labors register individual contracts. The loan size is also followed at the VBSP's guidance as stipulated by the Decision No.30.