About VND1,520 billion (about US$66,683million) from the central budget reserve in 2021will be spent to support labourers and employers, the Ministry of Finance said.

50 localities actually spend VND1,307 billion to assist more than 1,407 entities.
Photo: Internet source.

The Government issued Resolution 68 on policies to support employees and employers affected by the Covid-19 pandemic. The Prime Minister issued Decision 23 stipulating the implementation of the policies.

According to a report of the Ministry of Labour, Invalids and Social Affairs, the demand for implementation of the policies is estimated at VND26,252 billion, of which the State budget of VND2,150 billion (including the central and local budget); the refinancing rate via the Bank for Social Policies of about VND7,456 billion; the Insurance Fund for Occupational Accidents and Diseases, the Social Insurance Fund, and the Unemployment Insurance Fund of around VND16,646 billion.

The State Treasury’s report showed as of August 25, 50 localities actually spent VND1,307 billion to assist 1,407,149 entities. The Ministry of Finance has temporarily allocated additional funds of VND3,676 billion from the central budget to Hau Giang province.