Vietnam Plans Loan Guarantees for Small and Medium Sized Enterprises Investing in Technology
Vietnam’s Minister of Science and Technology Vũ Hải Quân said small and medium sized enterprises rarely establish science and technology development funds because of limited finances, complex procedures and concerns about later audits. The ministry will review the current mechanism with the Ministry of Finance and plans to support firms through bank loan guarantees and interest subsidies, while addressing public procurement and intellectual property valuation.
