Interest-free loan of 100 million VND for young people's startup ideas

(Baonghean.vn) - On the morning of December 10, Nghe An Provincial Youth Union coordinated with the Department of Planning and Investment to organize the launching ceremony of the program "Nghe An Youth Start-up".

Attending the launching ceremony were comrades: Nguyen Xuan Son - Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Le Xuan Dai - Member of the Standing Committee of the Provincial Party Committee, Standing Vice Chairman of the Provincial People's Committee; Dr. Hoang Trung Dung - Vice Chairman of the National Startup Association; representatives of leaders of a number of departments, branches and banks.

On the side of the Provincial Youth Union, there were comrade Pham Tuan Vinh - Secretary of the Provincial Youth Union; comrades in the Standing Committee, Standing Committee of the Provincial Youth Union.

Delegates attended the launching ceremony of the program "Nghe An Youth Start-up".

The contest aims to support the start-up movement and promote innovation and creativity, arouse the will and desire to establish a career and get rich with youth and knowledge among Nghe An youth. Participants are individuals or groups of members (no more than 5 people) studying and working in Nghe An province, aged 18-35.

Focusing on 3 main target groups: students of educational institutions; rural youth with the need to start a business; young entrepreneurs, business owners, and production and business establishments of young age who have just registered their business.

The sectors and fields of the competition include: business ideas and projects in the fields of agricultural production and processing; trade and services and other sectors. Each individual or group of members registering business ideas and startup projects must submit them to the Organizing Committee before March 20, 2017.

Standing Vice Chairman of the Provincial People's Committee Le Xuan Dai expressed his confidence in the province's youth in the process of starting a business.

The Organizing Committee will conduct a preliminary selection to select 5-10 best and most practical ideas to participate in the final round. The ideas and startup projects selected for the final round will be supported by the Advisory Board invited by the Organizing Committee or other experts to complete the ideas before submitting them to the Organizing Committee before May 20, 2017 and the final round is scheduled for June 2017.

The Organizing Committee will award 1 First Prize, 1 Second Prize, 2 Third Prizes and Consolation Prizes. In addition to receiving Certificates and Prizes, the Organizing Committee will support loans of 100 million VND, 70 million VND, 50 million VND without interest for 2 years for the authors who win the First, Second and Third Prizes to implement the project. The Organizing Committee will select quality projects to submit to the Central level competition and seek resources to support implementation.

Speaking at the launching ceremony, comrade Pham Ngoc Canh - Deputy Secretary of the Provincial Youth Union, Chairman of the Provincial Youth Union said that this is a program to welcome the National Startup Year, the "Youth Startup" Program launched by the Central Committee of the Ho Chi Minh Communist Youth Union.

Deputy Secretary of the Provincial Youth Union Pham Ngoc Canh spoke at the launching ceremony.

In order for the program to create a widespread and positive response from union members, youth and students, in the coming time, the Provincial Youth Union Standing Committee will implement key contents such as: advising the Provincial People's Committee to approve the project to support young people to start a business in Nghe An province for the period 2017-2022; implementing consulting activities, supporting young people to start a business; training on transferring scientific and technological advances, techniques, supporting the construction of models of applying scientific and technological advances among young people...

Speaking at the launching ceremony, Permanent Vice Chairman of the Provincial People's Committee Le Xuan Dai emphasized that Nghe An province pays great attention to the business community and business development, as well as the startup movement.

In the context of the Party and State having many policies to support startups and having access to diverse and abundant capital, resources, and natural resources, comrade Le Xuan Dai assessed that Nghe An youth today have many conditions to establish themselves and start a career because they are well-trained, have thinking, knowledge, and have the desire to rise up.

The Standing Vice Chairman of the Provincial People's Committee has high expectations for the province's youth, contributing to the province's development.

“Currently, “scale is not equal to speed, experience is not equal to thinking”, that is the condition for young people to succeed. Young people need to prepare carefully, I believe you will succeed”, comrade Le Xuan Dai advised.

Provincial leaders, Provincial Youth Union, and representatives of provincial youth pressed the button to launch the startup program.

In order for the province's youth to start a successful business, the Standing Vice Chairman of the People's Committee also requested the Provincial Youth Union and Youth Union chapters at all levels to continue to pay attention and create conditions for young people to establish themselves and start a business; boldly propose policies to the province to support young people.

Comrade Le Xuan Dai also suggested that all levels and sectors create conditions for young people to operate better in an open environment and space to establish their careers, such as administrative reform, credit, land, etc.

Launching Organizing CommitteeProvincial Advisory Council on Youth Entrepreneurship Support Program.

The organizers give support to youth start-up models.

At the ceremony, provincial leaders, the Provincial Youth Union and representatives of the province's youth generation pressed the button to launch the program "Nghe An Youth Start-up".

Also at the ceremony, the Organizing Committee awarded support to 5 youth start-up models with loans, each model 50 million VND from the Provincial Youth Start-up Support Fund and launched the Provincial Advisory Council on the Youth Start-up Support Program.

Thanh Duy