HCMC – HCMC has restarted its loan support program for priority sectors after a three-year hiatus. The program, which provides interest rate subsidy, is intended to shore up economic and social development.
The HCMC People’s Committee issued Decision No. 42 in late July, approving interest rate support for projects financed by the HCMC Finance and Investment State-owned Company (HFIC). The program focuses on key sectors such as high technology, digital transformation, startups and essential industries.
The maximum loan amount eligible for interest rate support has been increased to VND200 billion per project. Eligible projects can receive support for up to seven years, with subsidy covering up to 85% of investment in technology and equipment.
Public sector projects in healthcare, education, culture and sports are eligible for 100% interest rate support for the entire investment amount, aiming to improve public services.
The primary funding for the program comes from the partial privatization of state-owned enterprises, which is expected to contribute approximately VND100 trillion to HFIC’s capital. HFIC is also collaborating with banks to diversify its funding sources.
