Decision No. 02/2001/QD-TTg stipulates support policies for investment from the Development Support Fund for production projects, processing export goods, and agriculture. Borrowing units are guaranteed up to 100% of the loan amount from credit institutions.
Scope of application
Investors of production projects, processing export goods, and agricultural production projects such as perennial crops, large livestock farming, aquaculture, salt production, and development of processing industries.
Key points
- Investors can borrow funds from the Development Support Fund for production projects, processing export goods, and agricultural projects.
- The maximum lending rate does not exceed 90% of the total project investment capital for projects outside Group A.
- The Development Investment Support Fund guarantees up to 100% of the loan amount from legally operating credit institutions in Vietnam.
- Investors may use assets formed from borrowed capital to secure loans or guarantee for guarantees, but they may not transfer, sell, give, gift, mortgage, pledge, or guarantee for guarantees to borrow elsewhere until all debts are repaid.
- This Decision takes effect 15 days after the date of signature.
🌐 Social impact of this document
- Positive impact: Financial support for production projects, processing export goods, and agricultural projects helps enhance enterprise competitiveness.
- Negative impact: Borrowing costs may be high for investors when the maximum lending rate is only 90% of the total project investment capital.
❓ Frequently asked questions
What percentage of the total investment capital can investors borrow?
For Group A projects, implement according to the provisions of Decree No. 43/1999/NĐ-CP. For other projects, the maximum does not exceed 90% of the total project investment capital.
What percentage of the loan amount does the Development Support Fund guarantee?
The Development Investment Support Fund guarantees up to 100% of the loan amount from legally operating credit institutions in Vietnam.
What can investors use assets formed from borrowed capital for?
Investors may use assets formed from borrowed capital to secure loans or guarantee for guarantees. They may not transfer, sell, give, gift, mortgage, pledge, or guarantee for guarantees to borrow elsewhere until all debts are repaid.
When does this Decision take effect?
This Decision takes effect 15 days after the date of signature.
Can projects that have borrowed capital before this Decision takes effect follow the new regulations?
Projects mentioned in Article 1 of this Decision that have borrowed from the Development Support Fund or been guaranteed by the Fund before this Decision takes effect shall also be subject to investment lending under this Decision.
Full text
Pursuant to …;
On policies to support investment from the Development Support Fund
for production and processing projects for export and agricultural production projects
__________________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Resolution No. 08/2000/NQ-CP dated June 8, 2000 of the Government on certain guidelines and policies for economic restructuring and consumption of agricultural products, and Resolution No. 09/2000/NQ-CP dated June 15, 2000 of the Government on certain guidelines and policies for economic restructuring and consumption of agricultural products;
At the proposal of the Minister of Finance,
DECISION:
Article 1. The following projects (regardless of the location of investment) are eligible to borrow investment credit from the Development Support Fund:
- Projects for producing and processing goods for export;
- Agricultural production projects such as perennial crops, large livestock farming, aquaculture, salt production, and development of processing industries.
Article 2. Regarding the amount of loan
1. For Group A projects, implement according to the provisions of Decree No. 43/1999/NĐ-CP dated June 29, 1999 of the Government.
2. For other projects, the Development Support Fund will consider the efficiency and repayment capacity of the project to determine the loan amount, but it shall not exceed 90% of the total investment capital of the project.
Article 3. For the projects mentioned in Article 1 of this Decision, the Development Investment Support Fund will provide guarantees up to 100% of the loans from credit institutions operating legally in Vietnam.
Article 4. The investor may use assets formed from borrowed funds to secure the loan or guarantee the guarantee. Before fully repaying the debt, the investor may not transfer, sell, give, gift, mortgage, pledge, or use as collateral for another loan.
Article 5. THIS DECISION SHALL TAKE EFFECT 15 DAYS AFTER THE DATE OF SIGNATURE.
Projects mentioned in Article 1 of this Decision that have borrowed funds from the Development Support Fund or received guarantees from the Fund before this Decision takes effect shall also be subject to investment loans under this Decision.
Other contents not specified in this Decision shall be implemented in accordance with the provisions of Decree No. 43/1999/NĐ-CP dated June 29, 1999 of the Government and current regulations on state investment credit.
Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairmen of provincial People's Committees, Chairmen of the Management Board of the Development Support Fund, and General Directors of the Development Support Fund are responsible for implementing this Decision.
VICE-PRESIDENT OF THE GOVERNMENT
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