On January 4, Mr. Nguyen Phuc Nhan - Chairman of the Quang Ngai Provincial Labor Federation said that in 2024, the Provincial Labor Federation's Poor Workers and Civil Servants Capital Assistance Fund disbursed over 9.8 billion VND to 328 union members, civil servants and laborers to borrow capital to improve housing, improve living facilities, and improve production and business.
Up to this point, the unit has disbursed all three loan products, accounting for 89% of the capital allocation plan set out at the beginning of the year. Of which, loans for home repair and expansion account for 99%; loans for shopping account for 0.6%; and loans for production and business account for 0.4%.
Most union members, workers and civil servants of the Labor Federations of districts, towns and cities, equivalent industry unions and affiliated grassroots unions have paid back the loan contracts on time and before the loan term. The strict implementation, in accordance with regulations, procedures and procedures, and effectiveness, has created an initial catalyst to help union members overcome difficulties in life.
According to Mr. Nguyen Phuc Nhan, in 2025, the Provincial Fund for Poor Workers and Civil Servants sets out 9 key tasks. In particular, developing a plan and effectively implementing the Resolution of the 13th Congress of the Vietnam General Confederation of Labor, term 2023 - 2028, focusing on activities to support loans for union members in difficulty in a timely manner, limiting black credit from accessing union members; continuing to urge debt collection to promptly rotate capital, disburse to the right subjects, for the right purposes and effectively; closely coordinating with grassroots union levels where union members in difficulty borrow capital, to promptly grasp information of each union member borrowing capital and for the unit to handle situations more effectively...
