This is a new, separate policy of Ho Chi Minh City, in addition to the general policy on supporting cadres, civil servants, public employees, and workers who quit their jobs according to Decree 178/2024/ND-CP and Decree 67/2025/ND-CP.
Accordingly, based on the provisions of the Law on Public Investment, Ho Chi Minh City implements a preferential credit policy through the City Social Policy Bank to support loans for the above-mentioned groups when they leave their jobs. The goal of this policy is to support officials, civil servants, and workers to create new jobs or expand existing business activities.
The form of loan is unsecured, the borrower needs to have confirmation from the People's Committee of the commune level about the need to borrow capital and is eligible according to regulations. The maximum loan amount is set at 300 million VND/person and the maximum loan term is 120 months (10 years). However, the specific amount and time will be considered and decided by the Ho Chi Minh City Branch of the Bank for Social Policies, based on factors such as capital needs, production and business cycles, available capital and the borrower's ability to repay.
Ho Chi Minh City also applies the same interest rate for loans to poor households as prescribed by the Prime Minister from time to time (currently 6.6% per year). However, in the first 5 years, the budget will support 100% of the interest rate. After this period, if payment is late, the interest rate will be calculated at 130% of the loan interest rate.
The city calculates that a loan of VND300 million is suitable for investment and operating costs for popular small business models such as opening a coffee shop - breakfast, grocery store, skills training facility, specialty store...
In the first phase, the city expects about 1,600 people to need loans, equivalent to 30% of the group in need of job creation out of the total number of people who have quit their non-professional jobs at the commune level. The total capital demand for this group is estimated at about 511 billion VND. Regarding the support method, the Ho Chi Minh City People's Committee assigned the Department of Finance to preside over and coordinate with the Department of Home Affairs and the City Social Policy Bank to organize the implementation.
In addition, the Ho Chi Minh City project also has a policy to support cadres, civil servants, and non-professional workers to borrow to buy or rent social housing. The maximum loan amount is 70% of the house value but not exceeding VND900 million, with a maximum loan term of 20 years. The loan interest rate will be adjusted periodically, currently the applied interest rate is 3.2%/year.
At the same time, the city has a policy to support vocational training associated with career conversion. The maximum support will not exceed 6 million VND/person/course and will be supported with food and travel expenses during the study period.
Source: https://cand.com.vn/Xa-hoi/tp-ho-chi-minh-ho-tro-can-bo-cong-chuc-thoi-viec-vay-300-trieu-dong-lai-0--i773092/
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