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Home / Supporting industry: There will be a VND 100,000 billion preferential credit package

Supporting industry: There will be a VND 100,000 billion preferential credit package

Date posted: 25/ 04/ 2019 - The poster: admin

According to the Ministry of Industry and Trade, a preferential credit package of about VND 100,000 billion will be established for supporting industry development.

By 2020, Vietnam’s industrialization products are highly competitive, meeting 45% of essential needs and domestic consumption, accounting for 25% of export value; in 2030, meeting 70% of demand …

Realizing the above target, the Ministry of Industry and Trade proposed a series of solutions on policies and market development for SI. In particular, the centralized solution is to continue to build, improve policies and promote a number of priority industries for development; have policies to bind and encourage localities in allocating budgets for SI support; promoting the market for downstream industries, focusing on automotive, electronics, textile, footwear, material industry, and investment attraction. In addition, improving the capacity of enterprises on the basis of effective implementation of the program, allocating investment capital to build 3 technical centers to support industrial development; credit support, environmental treatment, remove tax problems …

In particular, in the financial solution, it is proposed to form a preferential credit package of about VND 100,000 billion – with the same mechanism as the credit package for high-tech agriculture – to promote the development of industries according to Strategic orientation of the Party and Government, in which priority is given to credit for supporting industry.

Regarding this issue, the Prime Minister also assigned the Ministry of Planning and Investment to coordinate with the Ministry of Finance to allocate investment capital to build 3 technical centers to support industrial development; Ministry of Industry and Trade, functional ministries preside over the study and propose the above centers; The State Bank researches and proposes incentives and supports for capital and credit to develop priority industries, within 5 years to 10 years.

The Ministry of Science and Technology shall consider and adjust the mechanism of approaching the National Technology Innovation Fund towards openness and quickness, simpler for SI enterprises. Besides, with the guidance of the Ministry of Industry and Trade, some localities need to have action programs to develop support industry.

By 2020, Vietnam has products of industrialization that are highly competitive, meeting 45% of essential needs for domestic production and consumption; accounting for about 11% of the industrial production value; There are about 1,000 enterprises capable of supplying to assembling enterprises and multinational corporations in the territory of Vietnam.

The production capacity of SI products in the country has been gradually improved, meeting a step of localization process of manufacturing industries, namely 40-45% for textile, footwear and 10-20% for production. Car assembly and assembly under 9 seats …

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