Breaking News: Trust Fund for Banks to Facilitate Data-Driven Lending in Vietnam
In a groundbreaking move to boost data science and technology innovation, the Vietnamese government has introduced Regulation 160/2025/ND-CP, establishing a trust fund for banks to facilitate secured lending to eligible organizations. This initiative aims to support the growth of data-driven projects and startups, offering them financial backing to thrive in the digital age.
Key Highlights of the New Regulation
Eligible Loan Recipients
The new regulation specifies that loans from the trust fund can be availed by:
- Organizations providing data products and services;
- Entities implementing production and business projects leveraging science, technology, and innovation in data construction, development, and administration;
- Organizations developing data technology projects.
Loan Conditions and Interest Rates
To qualify for a loan, borrowers must:
- Have a legal status in accordance with Vietnamese law;
- Be free of tax debts and have no outstanding claims against credit institutions.
The interest rates for short, medium, and long-term loans are set at 80% of the lowest commercial loan interest rates, determined annually by the fund director based on the average loan rates of the four largest state commercial banks.
Loan Limits and Terms
The total loan amount to an organization cannot exceed 15% of the fund’s operating budget, with a maximum loan term of five years.
Support Initiatives for Innovative Projects
Financial Support
The decree outlines various forms of financial support, including:
- Cost support for doctoral students and scientists, up to 10 million VND per month;
- Acquisition of data resources for startups, up to 1 billion VND per project;
- Renting work areas and incubators, up to 1 billion VND per project.
Investment Activities
The fund will invest in innovative startups related to data products and services, with a maximum investment of 1 billion VND per company. The fund will not invest in real estate, banks, insurance companies, or related sectors, except under special circumstances approved by the Prime Minister.
Evergreen Insights and Future Implications
This initiative is part of Vietnam’s broader strategy to accelerate digital transformation and foster innovation. By providing financial support and fostering a conducive ecosystem, the government aims to position Vietnam as a leader in the global data science and technology landscape. Startups and innovative companies are encouraged to leverage this opportunity to scale their operations and contribute to the nation’s digital growth.
For more insights and updates on the latest tech and business news, stay tuned to archyde.com.
