The Ministry of Science and Technology is currently formulating a financial support mechanism in the form of interest rate subsidies for businesses committed to technological innovation. This strategic step was taken as a realization of Resolution No. 57, which places digital transformation and innovation as the main engines in the new economic growth model.
Minister of Science and Technology, Vu Hai Quan, emphasized that businesses must be at the core of the innovation ecosystem. Within this framework, the state acts as a facilitator creating a conducive investment climate. Through a program channeled through the National Technology Fund (NATIF), the government aims to lower capital costs so that companies feel empowered to adopt and transfer strategic technologies.
NATIF Director, Bui Quang Minh, explained that this scheme remains grounded in market mechanism principles. Banks retain full control over credit assessment and risk management, while the state provides interest rate subsidy support as a leverage instrument. In this way, credit capital from the private sector is expected to be absorbed more optimally for high value-added projects.
The proposed assistance reaches 50% of the loan interest rate or a maximum of 6% per year with a support duration of five years. Currently, the Ministry is preparing a trial phase involving 20 selected companies. This pilot project period is scheduled to run until September 2026 as an evaluation before the policy is fully implemented to strengthen national technological autonomy.
