Decision No. 05/2022/QD-TTg Amending and Supplementing Certain Provisions of Decision No. 157/2007/QD-TTg dated September 27, 2007, of the Government on Credit for Students and Trainees

Pursuant to …;

Amending and supplementing certain provisions of Decision No. 157/2007/QD-TTg
dated September 27, 2007 of the Government
on credit for students and trainees

On the basis of Law on Government Organization dated June 19, 2015;

On the basis of Law on Local Administration Organization dated June 19, 2015;

On the basis of Law amending and supplementing certain provisions of the Law on Government Organization and the Law on Local Administration Organization dated November 22, 2019;

On the basis of Law on Credit Institutions dated June 16, 2010; THE LAW AMENDING AND SUPPLEMENTING SEVERAL PROVISIONS OF THE LAW ON CREDIT ORGANIZATIONS dated November 20, 2017;

Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Decree No. Decree No. 07/2021/ND-CP dated January 27, 2021 of the Government on multidimensional poverty standards for the period 2021-2025;

Pursuant to the proposal of the Minister of Finance at Circular No. 11/TT-BTC dated January 13, 2022 and document No. 1920/BTC-TCNH dated February 28, 2022;

Article 1. Amending and supplementing certain Articles of Decision No. 22/2021/QĐ-TTg dated July 2, 2021 of the Prime Minister on Criteria for Classifying State-Owned Enterprises and Enterprises with State Capital for Ownership Transformation, Restructuring, and Divestment during the Period 2021-2025 Decision No. 157/2007/QD-TTg dated September 27, 2007 of the Prime Minister on credit for students and trainees.

Article 1. Amending and supplementing certain provisions of Decision No. 157/2007/QD-TTg dated September 27, 2007 of the Prime Minister on credit for students and trainees as follows:

1. Amending Clause 2 of Article 2:

“2. Students and trainees who are members of households belonging to one of the following categories:

a) Households classified as poor according to the legal standards.

b) Households classified as near-poor according to the legal standards.

c) Households with a medium standard of living according to the legal standards.”

2. Amending Clause 1 of Article 5:

“1. The maximum loan amount is VND 4,000,000 per month per student or trainee.”

3. Amending Clause 2 of Article 9:

“From the date when students and trainees complete their 12-month course as prescribed, the borrower must repay the principal and interest of the loan for the first time. The borrower may repay the loan ahead of schedule without being subject to early repayment penalties.”

4. Supplementing Point c to Clause 2 of Article 13:

“The Ministry of Labor, Invalids and Social Affairs shall guide the implementation of this Decision in accordance with the law.”

Article 2. Abolishing the following provisions:

1. Article 10 of Decision No. 157/2007/QD-TTg dated September 27, 2007 of the Prime Minister on credit for students and trainees.

2. Decision No. 1656/QD-TTg dated November 19, 2019 of the Prime Minister on adjusting the loan amount for students and trainees.

Article 3. Implementation Provisions

1. This Decision takes effect from May 19, 2022.

2. For credit loan contracts signed before the effective date of this Decision: The Vietnam Bank for Social Policies, customers, and related parties continue to implement according to the commitments, rights, and responsibilities stipulated in the signed contract. The maximum loan amount specified in Clause 2 of Article 1 of this Decision shall apply to new disbursements from the date this Decision comes into force.

3. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial and centrally-administered city People's Committees, Chairpersons of the Board of Directors, and General Directors of the Vietnam Bank for Social Policies are responsible for implementing this Decision./.