The PM assigned the Governor of the State Bank of Viet Nam Nguyen Van Binh to sign the agreement and related documents with representatives of the international institution.

The Ministry of Planning and Investment is responsible for completing the bank’s requirements for early implementation of the project.

The VIIP is designed to adopt, upgrade and develop inclusive innovations for the benefit of the Base of Pyramid population.

The project has four components. The first component is development of inclusive technologies.

The second component is scale up and commercialization of inclusive technologies. This component will provide loans and matching grants to private enterprises for upgrading, scaling up and commercialization of inclusive technologies.

The third component is capacity building and global knowledge transfer while the fourth component is project management, monitoring and evaluation./.

By Thuy Dung