Economic components favored with preferential capital resources

On the morning of June 2, the Supervisory Board of the Economic and Budgetary Committee of Binh Duong provincial People's Council worked with the Department of Science and Technology and the provincial Farmers' Association on the results of the operation of the Science and Technology Development Fund and the Farmers’ Supporting Fund.

Reporting at the meeting, the leader of the Farmers’ Supporting Fund said that from the central trust budget, the total capital of the fund by the end of 2022 was VND 155.125 billion. The Fund has handled 2,933 loans for nearly VND 148 billion.

Delegates raised their opinions about the effectiveness of applying science and technology researches into practice, especially in the field of reducing emissions, environmental pollution, reducing investment costs, and difficulties in reserve funds.

Speaking at the meeting, the representative of the Supervisory Delegation noted the ideas and recommendations of the Science and Technology Development Fund and the Farmers’ Supporting Fund. At the same time, it will soon submit to the competent authority for consideration and settlement. The delegation also suggested that the 2 funds inspect and supervise loan projects, the efficiency of capital use of enterprises borrowing capital from the 2 funds to create favorable conditions for economic sectors to have the opportunity to access preferential capital resources.

Reported by Thanh Hong – Translated by Vi Bao