The Ministry of Science and Technology is currently finalizing a new policy scheme aimed at accelerating digital transformation and innovation in the corporate sector. In a recent strategic workshop, the ministry proposed offering a 50% subsidy on loan interest rates for companies investing in technology application, transfer, and development through the National Technology Innovation Fund.
This subsidy scheme is designed with a maximum cap of 6% per year over a five-year period. Under the plan, the policy will first be piloted with 20 selected companies to measure its effectiveness before being fully implemented nationwide by the end of September 2026.
Minister of Science and Technology, Vu Hai Quan, emphasized that enterprises are at the center of the innovation ecosystem. In this context, the government acts as a facilitator creating conducive mechanisms to reduce technology investment costs. This step is expected to lower financial burdens while encouraging business actors to adopt new technologies that can enhance labor productivity.
Bui Quang Minh, Director of the National Technology Innovation Fund, explained that the program continues to prioritize market principles. This means banking institutions retain full control over credit evaluation, risk management, and lending decisions. The government is not directly involved in providing capital, but rather only offers incentives to relieve interest costs.
This support will be prioritized for projects involving high technology, strategic technology, and high value-added sectors for the national economy. Through this program, the government is committed to creating a new momentum for economic growth based on technology mastery and global competitiveness.
