For young Vietnamese, the closure of textile and leather OEM factories can be an opportunity to open new businesses. A report by DanTRI on how young people returned to the countryside to create new jobs in the fashion industry.
The Covid-19 outbreak has caused Linh to lose his job and return to his hometown. Backed by loans from public banks, it opened a garment factory, creating jobs for many workers, especially workers repatriated due to the epidemic.
In September 2021 the Covid-19 epidemic broke out strongly in the south and the company where Mr. Linh worked closed. He and many other employees struggled because they had to stop working. With no other choice, he had to return to his hometown.
While not knowing what to do, Mr. Linh read the information that Thanh Hoa province has a policy for workers returning from epidemic areas to obtain commercial loans.
Despite not knowing what to do, Mr. Linh read the information that Thanh Hoa province has a policy for workers returning from epidemic areas to get commercial loans, this guy decided to start a business right in his hometown. furious.
Mr. Linh looked for local loan clues to learn and get loan advice from staff. Mr. Linh's credit file was quickly approved by the Nong Cong District Policy Bank and was disbursed after 2 weeks with an amount of VND 100 million without guarantees and low interest rates.
Knowing the clothing industry, with the money borrowed and the capital accumulated after working, Mr. Linh decided to open a sewing factory. He took advantage of the rental of the space as a courtyard of the old cultural house of the village as a laboratory.
Making a courageous decision at an early age, this young man shared: "Initially I had to face many difficulties in terms of labor, machinery and sources of goods, but then everything was quickly resolved. Difficulties especially because unskilled workers, some inexperienced, when recruited, must be trained from scratch".
After 3 months of operation, the garment factory has basically stabilized in terms of machinery, has 19 skilled workers and has received many orders. In particular, among them, there are many workers in the same situation scene as Mr. Linh.
Mr. Linh said the factory has an average turnover of VND 100 million/month; 19 workers, average income 5-8 million VND/month. However, currently, it is only enough to pay for the work and has not yet made a profit, but plans to make the work profitable in the coming years.
Le Huu Quyen, Director of the Thanh Hoa Province Policy Bank, said that the preferential lending policy has created the conditions to guarantee the lives of Thanh Hoa children returning from the epidemic area because no guarantee is required for the mortgage. "Last time, Thanh Hoa province examined more than 3,000 people who need to borrow capital, the bank approved to lend 512 workers for a total amount of 47 billion dong.
This is still a very small number compared to demand: in the last 3 months of the year, due to an unprecedented policy, it is difficult to raise capital. However, next year, capital will be organized at the beginning of the year, so that workers will have more convenient access," added the director of the Policy Bank of Thanh Hoa province.
