People expect to increase loan levels to solve employment problems

(Baohatinh.vn) - The draft Decree guiding the 2025 Law on Employment in the direction of increasing the loan level for job creation at the Bank for Social Policies is expected to create more resources for Ha Tinh people to develop the economy.

Mr. Nguyen Tien Thuc - Deputy Director of the Bank for Social Policies, Ha Tinh Branch, said: In the past time, the unit has coordinated to implement the loan program to support job creation, maintenance and expansion (abbreviated as GQVL) according to regulations. The program has been effective, creating a strong spread nationwide. In Ha Tinh, the outstanding loan balance of the GQVL program is currently 1,618.1 billion VND with 27,535 customers benefiting. This is an important resource for people to invest in livelihood models, create stable jobs, fundamentally change their lives, and contribute to ensuring social security.

Outstanding debt of the GQVL program of the Vietnam Bank for Social Policies, Ha Tinh Province Branch currently reaches 1,618.1 billion VND.

A notable point in Ha Tinh is that although the Central and local governments have paid attention to allocating resources, in reality, the GQVL capital has not met the needs of the people. In addition, many customers want to increase the loan limit (the maximum loan limit is currently 100 million VND/worker - PV) to have more resources to expand production and business scale. Therefore, the draft Decree detailing a number of articles of the Law on Employment (amended) in 2025 that the Government is building is of interest and expectation to the people of Ha Tinh.

After the 2025 Employment Law (amended) was passed by the National Assembly , the Government is drafting a Decree detailing a number of articles of the Employment Law on employment support policies. In particular, many new contents related to the GQVL credit program are proposed, such as: increasing the loan limit; amending interest rates; expanding the scope, subjects, and lending mechanisms...

According to the draft decree, the maximum loan amount for the GQVL credit program will be raised to 200 million VND/worker, double the current regulation. For production and business establishments, the loan amount will be raised to a maximum of 10 billion VND/project and not more than 200 million VND for each job created.

Regarding loan interest rates, the draft decree adds incentives for vulnerable labor groups (people with disabilities, ethnic minorities, poor households, etc.), applying loan interest rates equal to the loan interest rates for poor households to create maximum conditions for workers to stabilize their income.

GQVL loans create additional resources to invest in potential economic models in Ha Tinh.

Mr. Bui Dinh Uoc - Vice Chairman of the Provincial Farmers' Association said: The outstanding credit balance entrusted through the Farmers' Association is currently the highest among the entrusted organizations with over 2,700 billion VND. For a long time, many farmers have wanted to borrow GQVL capital but have not been satisfied due to lack of resources; they also requested to increase the loan amount of this program. Therefore, the GQVL support loan policy according to the Law on Employment (amended) is expected by Ha Tinh farmers. In particular, the proposed content of increasing the loan amount to 200 million VND, workers will have more resources to expand production - business, participate more deeply in the agricultural, industrial and service supply chain. For production - business establishments, the limit of 10 billion VND opens up opportunities for technology investment, expansion of scale, and creation of more jobs for workers. At the same time, amending regulations on loan applications, expanding the scope of subjects, and providing preferential loan interest rates contribute to reducing unemployment rates and promoting economic development, especially in rural and remote areas.

Mr. Le Xuan Huong (Huong Son commune) shared: “I am borrowing 100 million VND from the GQVL program at the Social Policy Bank to invest in deer farming. The capital is used for the right purpose, increasing income for rural people. However, for a long time, we have been proposing that the relevant authorities consider raising the loan limit of the program to have more investment resources. Now the draft decree guiding the implementation of the Law on Employment (amended) in 2025 of the Government emphasizes this content, we are very excited and expect the decree to be passed soon”.

The deer farming model of Mr. Le Xuan Huong's family has the support of the Vietnam Bank for Social Policies.

Not only Mr. Le Xuan Huong's family but also many households in Huong Son area are looking forward to this policy. For a long time, the Central and local governments have paid attention to allocating GQVL capital to the Transaction Office of the Social Policy Bank of Huong Son, but in reality, it has not met the demand. According to a preliminary review, currently, Huong Son area still needs hundreds of billions of VND for the program.

Mr. Tran Manh Cuong - Deputy Director of the Transaction Office of the Social Policy Bank of Huong Son said: Every year, the bank coordinates with Party committees, authorities at all levels and socio-political organizations to review the demand for GQVL loans from the grassroots and disburse according to regulations; the loan capital is used for the right purpose and promotes efficiency. By early September 2025, the outstanding loan balance of the GQVL program at the unit reached more than 124 billion VND with 2,166 customers with outstanding loans. The demand for GQVL loans in the locality is still very large to invest in models of raising livestock, poultry, raising deer, growing oranges, planting forests, services, etc.

Leaders of the Transaction Office of the Social Policy Bank of Huong Son inspected the use of loan capital at the facility.

Another new point of the draft decree detailing a number of articles of the Law on Employment (amended) in 2025 is that the Government includes regulations to convert the National Employment Fund into a central budget source allocated to the Vietnam Bank for Social Policies to ensure long-term, sustainable lending capital.

Economic experts say that when the decree is issued by the Government, it will create a boost for the GQVL credit program. In the period 2025 - 2030, each year millions of workers may be supported to create jobs through policy credit capital, contributing to the goal of economic development, sustainable poverty reduction and ensuring social security.

Source: https://baohatinh.vn/nguoi-dan-ky-vong-nang-muc-vay-giai-quyet-viec-lam-post295500.html