Circular No. 09/2013/TT-BTC amends the interest rate for state export credit loans denominated in Vietnamese dong to be 10.2% per annum. This Circular takes effect from the date of issuance and applies to project sponsors borrowing state investment credit and export credit funds.
Scope of application
Project sponsors borrowing state investment credit and export credit funds; Vietnam Development Bank; Management Board and General Director of Vietnam Development Bank.
Key points
- Based on the proposal of the Vietnam Development Bank, the interest rate for state export credit loans denominated in Vietnamese dong has been adjusted to 10.2% per annum.
- This Circular takes effect from the date of issuance.
🌐 Social impact of this document
- Positive impact: Reduces loan interest costs for project sponsors borrowing export credit funds, helping to alleviate financial burdens.
- Negative impact: The Vietnam Development Bank and financial organizations may face difficulties in adjusting interest rates according to government requirements.
❓ Frequently asked questions
What is the interest rate for state export credit loans?
According to Circular No. 09/2013/TT-BTC, the interest rate for state export credit loans denominated in Vietnamese dong is 10.2% per annum.
Who does this Circular apply to?
This Circular applies to project sponsors borrowing state investment credit and export credit funds and the Vietnam Development Bank.
When does the new interest rate take effect?
The new interest rate stipulated in this Circular takes effect from the date of issuance.
Who will resolve any issues that arise?
In case of any difficulties during implementation, organizations and individuals are requested to promptly report to the Ministry of Finance for consideration and resolution.
To which sectors does this Circular apply?
This Circular only applies to the sectors of state investment credit and export credit.
Full text
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MINISTRY OF FINANCE ________________ |
SOCIALIST REPUBLIC OF VIET NAM ___________________ |
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Number: 09/2013/TT-BTC |
Hanoi, January 17, 2013 |
CIRCULAR
Amending Circular No. 104/2012/TT-BTC dated June 25, 2012 of the Ministry of Finance
regarding interest rates for state investment credit and export credit
and the amount of interest rate differential calculated to support after investment
____________________
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 75/2011/NĐ-CP dated August 30, 2011 of the Government on state investment credit and export credit;
Pursuant to the request of the Vietnam Development Bank at Circular No. 64/NHPT-HĐQL dated December 17, 2012 on adjusting the interest rate for state export credit;
At the proposal of the Director of the Department of Banking and Financial Institutions;
The Minister of Finance issues this Circular amending Circular No. 104/2012/TT-BTC dated June 25, 2012 of the Ministry of Finance stipulating the interest rate for state investment credit and export credit and the amount of interest rate differential calculated to support after investment as follows:
Article 1. Amend Article 2 of Circular No. 104/2012/TT-BTC as follows:
"The interest rate for state export credit in Vietnamese dong is 10.2% per annum."
Article 2. 1. The Director of the Finance and Planning Department is responsible for guiding and supervising the implementation of this Circular.
The Management Board, General Director of the Vietnam Development Bank, the principal investors of projects borrowing state investment credit and export credit, and related units shall be responsible for implementing the provisions of this Circular.
In the course of implementation, if there are difficulties, organizations and individuals are requested to promptly report to the Ministry of Finance for consideration and resolution./.
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Place of Receipt: |
DEPUTY MINISTER |
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