On August 28, the Ho Chi Minh City People's Council passed a resolution regulating the regime for supporting loans to create jobs for cadres, civil servants, public employees, non-professional workers, and workers who quit their jobs after the restructuring of the political system in the area.
The policy will be implemented through the Social Policy Bank, Ho Chi Minh City branch. Officials and civil servants can borrow up to 300 million VND, for a term of up to 10 years. The interest rate applied according to regulations for poor households is currently at 6.6%/year.
In particular, in the first 5 years, borrowers will be supported with 100% interest rate from the Ho Chi Minh City budget. After this period, borrowers pay interest according to regulations. The overdue debt interest rate is 130% of the lending interest rate.
The Ho Chi Minh City People's Committee assessed that this policy not only creates conditions for workers to start businesses, create jobs for themselves, stabilize their income and life, but also contributes to reducing unemployment pressure, limiting dependence on the social security system.
Having access to preferential capital will encourage many people to boldly invest and develop small-scale production and business models, thereby promoting household and local economies.
At the same time, the policy also has a humanitarian meaning when helping workers reduce the anxiety and disorientation after leaving their positions, creating consensus and support for the policy of streamlining the apparatus.
From May 27, 2025 to August 1, 2025, there have been 3,867 cases of early retirement or resignation, including 447 people from the Party and mass organizations and 3,420 people from the government.
