SUPPORT UP TO 50% OF THE VALUE OF THE TECHNOLOGY TRANSFER CONSULTANCY CONTRACT FOR SMES
This is a new content specified in the Decree No. 80/2021/ND-CP dated August 26, 2021 of the Government detailing and guiding the implementation of a number of articles of the Law on Support for Small- and Medium-Sized Enterprises (hereinafter referred to as SMEs).
According to the Decree, a small-sized enterprise and a medium-sized enterprise shall be provided with the following support on technologies: support up to 50% of the value of the appropriate technology transfer consultancy contract, but not exceeding VND 100 million/contract per year; support up to 50% of the value of the contract for consulting on digital transformation solutions for enterprises in terms of business, administration, production, and technology processes and transformation of business model, but not exceeding VND 50 million/contract per year and VND 100 million/contract per year, respectively; etc.
Concurrently, a SME shall be provided with support to cover 100% of total expenses of a training course on business startup and up to 70% of total expenses of a training course on corporate governance for SMEs; be exempted from fees for accessing and attending online lectures available on the online training systems of the Ministry of Planning and Investment and provincial-level People’s Committees; etc.
Besides, innovative startup SMEs, SMEs participating in industrial linkage clusters and value chains shall be provided with interest rate support by the state budget when borrowing loans for medium or long term at credit institutions to carry out the production and business plans and projects. In each period, interest rate difference subsidy from the state budget shall be performed for loans of innovative SMEs, SMEs participating in industrial linkage clusters and value chains via credit institutions with the interest rate difference of 2% per year.
This Decree takes effect on October 15, 2021.
