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| An organization in Đà Nẵng Hi-tech Park. The State would subsidise a part of firms’ borrowing prices to encourage investment in new applied sciences. — VNA/VNS Photo Hải Âu |
HÀ NỘI — The Ministry of Science and Technology has proposed curiosity support of fifty per cent for firms investing in technology adoption and innovation in an effort to increase productiveness, competitiveness and digital transformation.
Accordingly, enterprises would obtain State support masking 50 per cent of curiosity funds on business loans used for technology software, switch and innovation initiatives, capped at 6 per cent a yr for up to 5 years.
The scheme can be applied by the National Technology Innovation Fund (NATIF) and initially piloted with 20 enterprises earlier than a wider rollout, the ministry has mentioned.
Minister of Science and Technology Vũ Hải Quân mentioned that the programme goals to encourage enterprises to make investments in technological adoption and innovation to enhance productiveness and competitiveness.
He emphasised the Government’s dedication to supporting companies and creating confidence for them to pursue innovation.
The programme is aimed not solely at science and technology enterprises but in addition at any enterprise searching for to make investments in new applied sciences, Quân mentioned.
NATIF Director Bùi Quang Minh mentioned the proposed mechanism is designed following the market ideas, with business banks retaining accountability for credit score appraisal, lending selections and threat administration.
Instead of offering direct funding, the State would subsidise a part of firms’ borrowing prices to encourage investment in new applied sciences.
The scheme is predicted to facilitate credit score for the personal sector to make investments in technology adoption and innovation whereas enhancing the effectivity of public spending on science, technology, innovation and digital transformation.
To qualify, enterprises would want to exhibit the feasibility of their initiatives, authorized compliance, financial effectiveness and technological functionality.
Priority can be given to initiatives involving applied sciences listed beneath the Government’s inspired technology switch programme, prioritised excessive applied sciences and strategic applied sciences with the potential to generate excessive added worth and wider financial spillover results.
The programme will likely be piloted with 20 firms by September 2026 earlier than reviewing the outcomes and contemplating growth of implementation. — VNS