BIDV participates in the founding and mobilize active contribution to building the “Central Research and Development Fund”

Publish date
18/07/2011

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BIDV participates in the founding and mobilize active contribution to building the “Central Research and Development Fund”

On 15/7/2011, in Da Nang City, the Scientific Workshop “Development Links for 7 Central Coastal Provinces” was held successfully. At the Workshop, the provincial party committee Secretary of 7 central coastal provinces (including Thua Thien-Hue, Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa) signed the minutes of undertaking to cooperate in development link. To realize such undertakings, the “Central Research and Development Fund” has officially launched as a founding member and mobilizing the Fund of BIDV.

 

 

On 14/7/2011, “Central Research and Development Fund” was officially issued the Establishment licence by the decision No. 5968/QD-UBND of the People’s Committee of Da Nang City. “Central Research and Development Fund” was established for the purpose of financing the activities of the development link Consultancy Group of seven provinces, including: summarize the socio-economic development situation  of 7 provinces;  study and propose the solutions, scientific foundations for sustainable regional development link; study, consult the mechanisms,  policies to promote the socio-economic development of 7 provinces; help the leaders of localities to  guide, inspect, organize the implementation of development link contents, consult and act as advisor for holding the workshop, handing over to the next shift of 7 provinces,…

At the public launch, the Fund Leadership said that from now until the end of July, we will strive to mobilize to reach VND 30 billion as the set target. In which, two provinces/cities which pay the central budget including Da Nang and Khanh Hoa will contribute VND 500 million into the Fund, for the five remaining provinces, each locality will contribute VND 200 million. As the co-founder, BIDV will support a part of expenditure to build the Fund. At the same time promoting the strengths of a leading financial institution with close ties to the business community, BIDV as a head to call on the enterprises to contribute to building the Fund, ... As a result, to end of 15/07/2011, the committed total expenditure to contribute to the Fund was up to more than VND 27 billion, including the participation of BIDV.

In evaluating about the establishment of the Fund, many managers, researchers said that: The establishment of “Central Research and Development Fund” is a successful landmark of the scientific workshop “Development Links for 7 Central Coastal Provinces” is the concretization of commitment of development link of the localities as well as the joint hands of the business community. “Central Research and Development Fund” and “Development link consultancy group of seven central provinces” is an important premise for seven provinces to continue to implement the development link in a best substantive way.