With the emergency loan package of the Hai Phong City Labor Federation, employees are allowed to borrow up to 60% of their monthly income as the basis for social insurance contributions, with an interest rate of only 6.6%/year. The purpose of the loan is also expanded, employees can borrow to cover family expenses such as paying for accommodation, electricity, water, medicine, medical examination, etc. Loan applications are received online, with direct transfer disbursement to the borrower's personal account.
Mr. Takasha Suziki - General Director of Nhat Hung Co., Ltd said: "With our company, the employee is the one who makes the product, bringing revenue to the company, they are the valuable capital of the business. Therefore, the company always aims to the best and most beneficial things for workers. This emergency loan, workers will solve difficulties temporarily and assured production labor ".
Ms. Pham Thi Hue - a worker at Nhat Hung Company Limited is one of 5 workers at the company who urgently borrowed to pay for their children's education. "Luckily, I have access to capital in the most urgent times. For me, this is an extremely practical concern and care, helping me have the belief that the trade union is always by my side when workers are in difficulty".
