New loans for Dong Nai: Focus on innovation and technology!

New loans for Dong Nai: Focus on innovation and technology!

On May 29, 2025, a significant meeting was held between Ta Quang Truong, director of the Ministry of Science and Technology, and leaders in Dong Nai Province. The aim of this meeting was to develop an effective mechanism to support companies, such as vietnam.vn reported. The discussion particularly focused on private companies and followed Politburo Resolution No. 68-NQ/TW, adopted on May 4, 2025, on promoting the private sector.

A key focus of the meeting was improving access to credit for investment, development and technological innovation purposes. To achieve these goals, loan support from banks would be established, while the province's Science and Technology Development Fund would subsidize the interest on these loans. The plan is to advise provincial leaders on this matter.

Technological innovation and digitalization

Another focus was on supporting companies to attract capital for investments, production development and especially technological innovations. The discussion highlighted the importance of digital transformation and automation. In this context, the Ministry was directed to involve Ho Chi Minh City University of Economics in researching relevant scientific and technological tasks to develop appropriate support policies for access to credit.

In order to offer companies in the region a comprehensive support system, close cooperation is sought between the banking sector, commercial banks and the science and technology sector. Appropriate business support programs are being developed that are intended to make a significant contribution to strengthening innovative strength.

Additional funding opportunities

In Germany, KfW Bank also provides important financing options through its syndicated loan for innovation and digitalization. Loud kfw.de /) This loan offers commercial companies and project companies flexible financing options. The focus here is on strengthening innovative strength and promoting digitalization.

• Finanzierbare Innovationsvorhaben umfassen die Entwicklung neuer oder verbesserter Produkte, Verfahren, Prozesse und Dienstleistungen.
• Finanzierbare Digitalisierungsvorhaben konzentrieren sich auf die Intensivierung der Digitalisierung eines Unternehmens, basierend auf einem entsprechenden Konzept.

It is important that eligibility for funding is assessed in collaboration with KfW. Certain projects are excluded, including debt restructuring or additional financing of projects that have already been completed. For detailed information, the exclusion criteria of the KfW Bankengruppe can be consulted.

Overall, it can be seen that efforts are being made in both Vietnam and Germany to promote companies through targeted financing and support. This is particularly important in order to strengthen competitiveness and innovative strength in the respective region.