The signing of the cooperation agreement aims to bring about incentives on interest rates and new capital sources, support enterprises in technological innovation; at the same time, contribute to promoting the application and transfer of technology by enterprises nationwide.

Speaking at the signing ceremony, Deputy Minister of Science and Technology, Chairman of the Board of Management of NATIF Fund Tran Van Tung emphasized: NATIF hopes that with a solid technology foundation, TPBank 's international standard risk management capabilities combined with the Fund's expertise in science and technology, it will bring the best capital access opportunities for businesses in digital transformation, research, application and technology transfer. Investing in the right direction and the right target will bring the best results, the highest efficiency, realizing the Government's wishes with the motto "Science and technology are the driving force, the solution for business development".

Scene of the signing ceremony. Photo: MAI HA

Mr. Nguyen Hung, General Director of TPBank affirmed the social responsibility and role of TPBank in cooperating with NATIF Fund. Through this cooperation, TPBank hopes that businesses will have the opportunity to access capital sources with low prices and many incentives, while developing applications, innovating technology, providing and producing products with better prices to serve society, the economy , and the people. With a nationwide network and the ability to control the quality of credit activities, TPBank is confident in cooperating with NATIF Fund in finding and supporting business customers with capital needs that meet the criteria that the Fund is implementing.

According to the cooperation agreement, NATIF Fund will transfer capital to TPBank to lend capital to enterprises for technology transfer, innovation and improvement projects. TPBank will take the initiative in appraising and lending capital; the capital used for lending will be transferred by NATIF to TPBank according to each specific loan transfer contract signed between the parties.

Established under Decision No. 1342/QD-TTg dated August 5, 2011 of the Prime Minister, the National Technology Innovation Fund (NATIF) is a non-budgetary State financial fund under the Ministry of Science and Technology, operating not for profit, performing the functions of preferential lending, supporting loan interest rates, guaranteeing loans and supporting capital for enterprises, organizations and individuals conducting research, applying, transferring, innovating and perfecting technology. Previously, the Fund also signed a cooperation agreement with the Military Commercial Joint Stock Bank (MBBank) and the Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV).

KIM GIANG