Credit Institutions support the education industry

This post is also available in: Tiếng Việt (Vietnamese)

Because of the serious effects of the Covid-19 epidemic on educational and training institutions, in the middle of March 2020, the Ministry of Education and Training (MOET) issued a written request to the Government to implement a number of solutions to solve difficulties.

In addition to the interest-free loan of VBSP to support enterprises to pay salary to stop working for employees, many commercial banks and microfinance institutions have also joined the support funding capital for educational and training establishments.

Specifically, in Ho Chi Minh City, the CEP Microfinance Fund and the Housing Development Fund in Ho Chi Minh City have also been instructed by the People’s Committee of Ho Chi Minh City to reduce part of the lending interest rates to support the settlement. difficulties for training establishments and officials and employees in the education sector.

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