Decision No. 06/2008/QD-BTC stipulates that the interest rate differential to be calculated for post-investment support for projects borrowing foreign currency loans is 0.96% per annum. The Decision takes effect from the date of publication in the Official Gazette.
Scope of application
Project sponsors of state investment credit and export credit projects, the Vietnam Development Bank, the Management Board and General Director of the Vietnam Development Bank.
Key points
- Project sponsors of state investment credit and export credit projects → are entitled to have an interest rate differential of 0.96% per annum calculated for post-investment support for projects borrowing foreign currency loans.
- This Decision takes effect from the date of publication in the Official Gazette.
🌐 Social impact of this document
- Positive impact: Helps reduce financial burden for project sponsors of projects borrowing foreign currency loans.
- Negative impact: May increase management and supervision costs for the Vietnam Development Bank.
❓ Frequently asked questions
What is the level of the interest rate differential to be calculated for post-investment support?
The interest rate differential to be calculated for post-investment support for projects borrowing foreign currency loans is 0.96% per annum.
To whom does this Decision apply?
This Decision applies to project sponsors of state investment credit and export credit projects.
When does this Decision take effect?
The Decision takes effect from the date of publication in the Official Gazette.
For how long is the 0.96% per annum interest rate differential applicable to projects borrowing foreign currency loans?
This Decision does not specify the duration of application, so it may apply to new loan projects in the future.
Full text
Pursuant to …;
Regarding the announcement of the interest rate differential to be calculated for post-investment support for projects borrowing foreign currency
______________________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 151/2006/ND-CP dated December 20, 2006 of the Government on state investment credit and export credit;
Pursuant to Circular No. 69/2007/TT-BTC dated June 25, 2007 of the Ministry of Finance guiding certain provisions of Decree No. 151/2006/ND-CP dated December 20, 2006 of the Government on state investment credit and export credit;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,
DECISION:
Article 1. The interest rate differential to be calculated for post-investment support for projects borrowing foreign currency is 0.96% per annum.
Article 2. This Decision shall take effect fifteen days from the date of publication in the Official Gazette..
The Chairman of the Management Board, General Director of the Vietnam Development Bank, and the project sponsors of state investment credit and export credit projects are responsible for implementing this Decision./.
DEPUTY MINISTER
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