On December 6, the Department of Labor, War Invalids and Social Affairs of Ho Chi Minh City, the Department of Education and Training of Ho Chi Minh City and the Ho Chi Minh City State Financial Investment Company (HFIC) jointly organized the "Conference on implementing the interest rate support policy for investment projects in the fields of education - training and vocational education in Ho Chi Minh City that are lent by HFIC according to Resolution No. 98/2023/QH15 of the National Assembly and Resolution No. 09/2023/NQ-HDND of the City People's Council".

At the conference, Mr. Nguyen Quang Thanh, Deputy General Director of HFIC, introduced in detail the interest rate support policy for investment projects in the field of education and training.

According to him, the interest rate support policy for education - training and vocational education is very clear and specific. However, many projects are facing legal problems regarding mortgaged assets such as land (land leased from the state, land rent paid annually) or other problems such as changing the name, address... of the training facility. In addition, some schools with facilities/branches outside of Ho Chi Minh City cannot borrow capital under the program to implement these projects.

Meanwhile, Mr. Duong Tri Dung, Deputy Director of the Department of Education and Training of Ho Chi Minh City, said that the capital demand for education and training development in the city is very large. On October 8, 2024, the People's Committee of Ho Chi Minh City issued Decision No. 4448/QD-UBND on the list of projects attracting investment in the period of 2024-2025, of which the education and training sector has 23 projects. However, there are currently 69 educational land funds in residential development project areas that have been approved by the city to be assigned to enterprises as investors but have not yet been implemented according to the approved schedule.

"The interest rate support policy will be a strong motivation for educational institutions to upgrade their facilities and develop new educational models to meet the increasing needs of people and the labor market," Mr. Dung expected.