According to the Vietnam General Confederation of Labor, from 1994 to present, the Vietnam General Confederation of Labor has been assigned to manage capital from the National Employment Fund, to support union members and employees in borrowing capital to create jobs through the Trade Union system at all levels, coordinating with the Social Policy Bank - the unit that directly disburses and reclaims capital.
The Vietnam General Confederation of Labor identifies this as an important task in caring for, improving the lives, and improving the welfare of union members and workers. The provincial and municipal Labor Federations have proactively implemented and thoroughly grasped regulations on lending to grassroots unions, union members and employees. Some localities also consider lending capital to solve employment as a key task associated with patriotic emulation movements.
As of June 30, 2025, the total capital managed by the Vietnam General Confederation of Labor reached nearly 71 billion VND, allocated to 62 provincial and municipal labor federations (currently arranged to 34 provinces and cities), and more than 57.4 billion VND has been disbursed. Trade unions at all levels have supported 1,443 union members and employees, with a contract value of 20 - 90 million VND; created 1,559 new jobs, additional income of 1-4 million VND/c contract, contributing to the implementation of the goal of poverty reduction, local socio-economic development; increased confidence and motivation for union members and employees to affirm the role of the Trade Union organization in improving welfare.
At the conference, representatives of the Labor Relations Department, Vietnam General Confederation of Labor also informed Instruction No. 50/HD-TLD on the organization and operation of charity funds of trade union organizations. Delegates also discussed and clarified the difficulties and advantages in implementing loans and supporting job creation from the National Fund.
Concluding the conference, Vice President of the Vietnam General Confederation of Labor Phan Van Anh suggested that the Confederations of Labor of provinces, cities and industry unions continue to effectively promote the Fund resources in caring for the lives of union members and workers. He emphasized that in the coming time, Trade Unions at all levels need to step up propaganda about the loan process, introduce typical examples of effective use of loan capital, help union members trust and proactively approach policies.
In addition, training for staff directly coordinating with policy banks needs to be strengthened to ensure disbursement and lending activities are quick, effective and to the right beneficiaries.
The Vice President of the Vietnam General Confederation of Labor also noted that units must regularly report on the implementation process to promptly grasp difficulties and obstacles, thereby finding solutions to improve management efficiency and maximize resources from the funds.
