The Ho Chi Minh City People’s Committee has formally issued a plan to promote monetary applications geared toward attracting abroad remittance assets into the science and know-how sector. This initiative is a part of a broader scheme to maximize the effectiveness of remittance assets by way of 2030.
Under the proposed roadmap, town targets mobilizing at the least VND500 billion ($19 million) from remittances and different social assets for science and know-how funding by 2026. During this era, at the least 100 enterprises in the manufacturing, processing, and manufacturing sectors can be supported in accessing preferential credit score to innovate know-how and speed up digital transformation.
By 2027, the mobilization scale is anticipated to enhance to at the least VND1 trillion ($38 million). The purpose is to set up long-term capital sources for inexperienced and technology-focused credit score applications, enhancing nationwide competitiveness and selling sustainable financial improvement.
The plan aims to construct a dynamic, clear, and sustainable remittance monetary ecosystem, regularly positioning town as a number one regional middle for finance, science, and know-how. Accordingly, numerous monetary instruments can be deployed to shift remittance flows from consumption to manufacturing funding, with a major give attention to science and know-how, manufacturing, innovation, inexperienced power, and digital transformation.
A core answer is the institution of a Science and Technology Investment Fund backed by remittance assets, with an preliminary scale of at the least VND50 billion ($1.9 million). Organized as a member fund, it’s going to mobilize capital from abroad Vietnamese, home companies, and each native and worldwide monetary establishments. These funds can be funneled into high-tech fields equivalent to Artificial Intelligence (AI), biotechnology, renewable power, and sensible manufacturing.
According to the strategic orientation, the fund will function underneath Venture Capital or Private Equity fashions. This construction is designed to assist modern startups and science-tech enterprises entry capital, thereby boosting analysis, utility, and the commercialization of know-how.
In addition, town will implement preferential credit score applications for the manufacturing and processing sectors by issuing specialised monetary merchandise, equivalent to “Green Certificates of Deposit” and “Technology Certificates of Deposit.”