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Decree 80/2021/ND-CP guiding the Law on Support for Small- and Medium-Sized Enterprises

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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
Issuing bodies: Government Effective date: Known
Official number: 80/2021/ND-CP Signer: Le Minh Khai
Legislation Type: Decree Expired date: Updating
Issuing date: 26/08/2021 Effect: Known
Fields: Enterprise
Summary

Support up to 50% of the value of the technology transfer consultancy contract for small- and medium-sized enterprises

This is a new contents 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.

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 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 small- or medium-sized enterprise 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 small- and medium-sized enterprises; 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 small- and medium-sized enterprises, small- and medium-sized enterprises 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 startup small- and medium-sized enterprises, small- and medium-sized enterprises 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.

For further details of the Decree 80/2021/ND-CP, Click here