Business

Lam Dong to provide funding to start-ups owned by young people

The Central Highlands province of Lam Dong has approved a new credit policy for start-ups owned by young people in the 2022 – 2030 period.
Lam Dong to provide funding to start-ups owned by young people ảnh 1Ha The Manh, one of the founders of the greenhouse orchid planting model start-ups in Lam Dong province, explains the model to guests. (Photo: baolamdong.vn)
Lam Dong (VNA) – The Central Highlands province of LamDong has approved a new credit policy for start-ups owned by young people inthe 2022 – 2030 period.

Beneficiaries have to stay or work in the province, and can getloans for up to 120 months at preferential interest rates.

The maximum loan amounts are 200 million VND (8,000 USD) forindividuals and 2 billion VND (80,400 USD) for businesses.

The goal of the credit programme is to encourage innovation andthe creation of new business models.

Lam Dong authorities are assisting 300 young individuals withloans in 2020 – 2025, with 20 of them running start-ups.

They aim to help another 500 in the next five years./.
VNA
#Central Highlands#Lam Dong#start-ups#preferential interest rates#Vietnam#VietnamPlus#Vietnam news
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