Support when workers need it most
In the first 6 months of 2025, the City Labor Federation's Poor Workers' Capital Support Fund deployed to 10 emergency loan packages via the Huong Cong App - Hai Phong Trade Union, signed a cooperation agreement with 8 units, and disbursed loans to union members with a total amount of 106.2 million VND.
Nhat Hung footwear Company Limited (An Duong District) is one of the units that signed a cooperation agreement to lend capital to union members. Right in the signing week, 5 employees of the company accessed emergency capital to solve problems in life. Ms. Pham Thi Hue - a worker at Nhat Hung Leather and Shoes Company Limited - urgently borrowed capital to pay for her children's summer English course.
"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 union is always there when workers are in difficulty" - Ms. Hue shared.
Mr. Takasha Suzuki - General Director of Nhat Hung Leather and Shoes Company Limited - informed: "For our company, employees are the ones who make products, bringing in revenue for the company, they are the valuable capital of the enterprise. Therefore, the company always aims for the best and most beneficial things for workers. By listening to workers' opinions on the effectiveness of previous loan packages, I fully believe in the program for workers to borrow emergency capital from the city's trade union. We hope that with this emergency loan amount, employees will be able to temporarily solve difficulties and work with peace of mind.
As one of the first units to sign an emergency loan cooperation agreement for union members, Ms. Tran Thi Lan Anh - Chairwoman of the Trade Union of Da Do Irrigation Works Exploitation Company Limited - said that after a period of implementation, up to now, many employees of the company have had access to emergency loans through the Huong Cong App to solve family problems, themselves such as loans for medical examination and treatment, raising children to study at university or buying breeding animals and materials for raising livestock at home... The company's Board of Directors is also very happy that union loans provide practical support for employees, especially in the context of many "traps" of black credit surrounded by unpredictable consequences.
Increase income for yourself and your family
It is known that with this emergency loan package, employees can 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.
In addition to the emergency loan package, in the first 6 months of 2025, the Fund will disburse capital to 230 long-term and short-term product borrowers for economic development, house repair, treatment... with a loan amount of 30-50 million VND/person depending on the purpose of use. By effectively using loans, union members and employees increase their income and that of their families by 3 - 15 million VND/month.
According to Ms. Tran Thi Nhi - Director of the City Labor Federation's Poor Workers' Capital Support Fund, in the last 6 months of 2025, the fund will continue to innovate lending methods and manage loans; thoroughly apply technology to improve operational quality and efficiency as well as do a good job of recovery to ensure no bad debts and use loans effectively.
Along with that, strengthen propaganda about emergency loan products, raise awareness of the responsibility of borrowers to minimize risks in the capital management process; coordinate with business units to continue signing cooperation agreements to deploy emergency loans via the Publications for Union members and employees App.
