Business establishments entitled to ask for loan of US$ 86,030

SGGP
From November 8, 2019, business establishments are entitled to ask for a loan of VND2 billion (US$86,030) according to the government’s decree 74/2019 on employment supporting polices and the national fund.
Moreover, a laborer is also entitled to borrow a maximum loan of VND100 million to maintain and expand his present employment.
Maximum tenure of personal loan is 120 months. The decree regulates that those who borrow a loan of VND100 million up have a mortgage on their loan.
Businesses and laborers just pay the same interest rate as loans for poor and near-poor households.

By NHUNG NGUYEN - Translated by ANH QUAN

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