This Circular guides the provision of state credit for investment development loans for domestic projects to produce two-wheeled motorcycle engines. The objective is to promote localization and support enterprises in implementing projects in accordance with regulations.
适用范围
Enterprises of all economic sectors that have projects to invest in producing two-wheeled motorcycle engines domestically.
要点
- The project must achieve a localization rate of at least 40% for engines from the first year of operation, increasing by 10% each subsequent year (Article II.1).
- The project proponent must submit a feasibility study report prepared in accordance with the current procedures and regulations of the State on investment and construction management (Article II.2).
- The maximum loan amount is 70% of the total investment capital (Article III.1).
- The preferential interest rate for special loans is 3% per annum (Article III.2).
- The maximum loan term does not exceed 10 years, and the project proponent must ensure that the loan is secured by assets formed from the loan capital (Articles III.3, III.4).
🌐 本文件的社会影响
- Support enterprises investing in the production of two-wheeled motorcycle engines domestically.
- Encourage localization of components and spare parts serving the production of engines.
- Increase credit risk management costs for the Development Support Fund.
❓ 常见问题
Who can borrow funds under this Circular?
Enterprises of all economic sectors that have projects to invest in producing two-wheeled motorcycle engines domestically.
What is the required localization rate for engines?
At least 40% from the first year of operation, increasing by 10% each subsequent year.
What is the maximum loan amount?
Up to 70% of the total investment capital of the project.
What is the current preferential interest rate for special loans?
3% per annum.
What is the maximum loan term?
10 years.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 102/2001/TT-BTC |
Hanoi, December 20, 2001 |
CIRCULAR
CIRCULAR NO. 102/2001/TT-BTC OF DECEMBER 20, 2001 GUIDING THE IMPLEMENTATION OF LOANS FOR DOMESTIC INVESTMENT AND DEVELOPMENT FUNDS PROVIDED BY THE STATE TO PROJECTS FOR THE PRODUCTION OF TWO-WHEEL MOTORCYCLE ENGINES WITHIN THE COUNTRY
Pursuant to the guidance of the Prime Minister in Circular No. 938/CP-KTTH dated September 18, 2001 on domestic production policies for two-wheel motorcycles with engines, the Ministry of Finance guides the implementation of loans for investment and development funds provided by the State to enterprises with projects for the production of two-wheel motorcycle engines within the country as follows:
I- APPLICABLE OBJECTS
Projects producing complete two-wheel motorcycle engines of all economic sectors established under the Enterprise Law and the State Enterprise Law.
II- CONDITIONS FOR LOANING INVESTMENT CREDIT
1. The project must ensure the production of components and spare parts for the production of two-wheel motorcycle engines achieving a domestic production rate of at least 40% from the first year of operation, increasing by 10% each subsequent year, as determined by the Ministry of Industry according to current regulations.
2. The investor must have a feasibility study report prepared in accordance with the current procedures and regulations of the State on investment management and construction.
3. The investment project must meet the loan conditions and be appraised by the Development Support Fund regarding the financial plan, repayment plan for borrowed capital, and approved for lending in accordance with the provisions of Government Decree No. 43/1999/NĐ-CP on State investment development credit.
III- FINANCIAL MECHANISM AND PREFERENTIAL POLICIES
1. Loan amount: the loan amount for a project is 70% of the total investment capital.
2. Interest rate on loans: the interest rate on loans applies a special preferential rate (currently 3% per annum).
3. Loan term: the loan term is consistent with the production cycle and the ability to repay the approved project but not exceeding 10 years. If beyond this period the investor cannot repay the debt, it will be handled according to the current regulations on State investment development credit.
4. Loan guarantee: the investor may use assets formed from borrowed capital to secure the loan. Before fully repaying the debt, the investor may not transfer, sell, give, pledge, mortgage, or guarantee for borrowing elsewhere. Procedures for securing the loan with assets formed from borrowed capital are carried out according to current State regulations.
IV- IMPLEMENTATION
This Circular takes effect 15 days from the date of signature.
The Development Support Fund shall be responsible for:
- Guiding investors on the procedures and formalities for obtaining loans in accordance with current regulations.
- Implementing loans, organizing management, monitoring, and accounting in accordance with current regulations on State investment development credit.
- Compiling quarterly and annual reports regularly to the Ministry of Finance on the situation of providing investment development credit loans for projects producing two-wheel motorcycle engines within the country.
During implementation, if there are difficulties, please reflect them to the Ministry of Finance for research and resolution.
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Nguyễn Thị Kim Ngân (Signed) |
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