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- 05 / 05 / 2020 -
Who is supported money due to the effects of Covid epidemic?

Currently, the Covid epidemic chain is having many complicated and unpredictable developments affecting the economies of most countries in the world. In VietNam, the Covid epidemic has had many negative impacts on the business investment activities of many businesses. Enterprises, cooperatives and business households must suspend production and business activities or reduce production scale, thus reducing labor. In order to help and share difficulties in the pandemic, the Government has issued many regulations to support people, businesses and workers.
On April 9, 2020 the Government issued Resolution No. 42/NQ-CP regulation assistance for people affected by Covid-19 pandemic. The resolution takes effect from the date of its promulgation and has provided for Specific support levels and levels of support are as follows:
The employee working under the labor contract regime must agree to postpone the performance of the labor contract, take a leave without pay for 01 month or more (because businesses are troubled by the Covid-19 pandemic, no have turnover or have no financial source to pay salaries), they are entitled to the following support levels:
Support level: 1.8 million/person/month
Support time: Calculated according to the actual time of temporary deferment of the labor contract, leave without pay, on a monthly basis, depending on the actual situation of the evolution of the epidemic, as of April 1, 2020 and not more than 3 months.
An employer who is facing financial difficulties and have paid at least 50% of suspension allowance for their employees during the period from April to June 2020 are entitled to the following assistance:
Method of support: Lending without collateral up to 50% of the regional minimum wage for each employee according to the actual pay period but not more than 3 months with 0% interest rate, maximum loan term up to 12 months at Vietnam Bank for Social Policies to pay the remaining salary and disburse monthly directly to the unemployed.
A household business that earns an annual revenue of under 100 millions VND/year and has to suspend business operation from April 01, 2020:
Support level: 1 million/household/month
Support time: According to monthly, depending on the actual situation of the epidemic changes but not more than 3 months.
The employee has a labor contract or employment contract terminated but is not eligible for unemployment benefits; an employee who does not enter into a labor contract and loses employment:
Support level: 1 million/person/month
Support time: According to the monthly, depending on the actual situation of the epidemic changes, but not exceeding 3 months at most. Application period is from April to June 2020.
A person with meritorious services to the revolution who is receiving monthly benefits:
Support level: Additional support of 500,000 VNĐ/person/month
Support time: 3 months, from April to June 2020 and paid in lump sum.
A social protection beneficiary who is receiving monthly benefits:
Support level: Additional support of 500,000 VNĐ/person/month
Support time: 3 months, from April to June 2020 and paid in lump sum.
A poor or near-poor household according to the national poverty standards by December 31, 2019:
Support level: 250,000 VND/ household/month
Support time: 3 months, from April to June 2020 and paid in lump sum.
The Government has stipulated 07 groups of state-supported subjects during the impact of Covid pandemic. This is a positive measure to share difficulties and contribute to ensuring life for people.