Circular No. 104/2012/TT-BTC stipulates the interest rates for state investment credit and export credit loans, as well as the level of interest rate differential for post-investment support. The interest rate shall apply from the date of effectiveness and replace Circular No. 201/2011/TT-BTC.
Scope of application
General Director of the Vietnam Development Bank, Management Council, project sponsors of state investment credit and export credit loan projects, and related units.
Key points
- The State provides investment credit with an annual interest rate of 12%
- The State provides export credit with an annual interest rate of 11.4%
- The level of interest rate differential for post-investment support is 2.4% per year
- The interest rate shall apply from the date this Circular takes effect
- This Circular replaces Circular No. 201/2011/TT-BTC
🌐 Social impact of this document
- Reduce the financial burden for project sponsors of investment credit and export credit loan projects
- At the same time, increase costs for the Vietnam Development Bank in managing and supporting interest rates
❓ Frequently asked questions
What is the interest rate for state investment credit loans?
The interest rate for state investment credit loans in Vietnamese dong is 12% per annum (Article 1).
What is the interest rate for state export credit loans?
The interest rate for state export credit loans in Vietnamese dong is 11.4% per annum (Article 2).
What is the level of interest rate differential for post-investment support?
The level of interest rate differential for post-investment support for projects financed in Vietnamese dong is 2.4% per annum (Article 3).
When does this Circular take effect?
This Circular takes effect from the date of issuance and replaces Circular No. 201/2011/TT-BTC (Article 4).
Which Circular does this Circular replace?
This Circular replaces Circular No. 201/2011/TT-BTC on the interest rates for state investment credit and export credit loans and the level of interest rate differential to be calculated for post-investment support (Article 4).
Full text
CIRCULAR
Regarding the interest rate for investment credit loans and export credit loans
provided by the State and the differential interest rate 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;
At the request of the Vietnam Development Bank in Circular No. 32/NHPT-HĐQL dated June 20, 2012 on adjusting the interest rates for State investment credit loans and export credit loans;
At the proposal of the Director of the Department of Financial Institutions and Financial Organizations;
The Minister of Finance hereby stipulates the interest rate for State investment credit loans and export credit loans in Vietnamese dong and the differential interest rate calculated to support after investment as follows:
Article 1. The interest rate for State investment credit loans in Vietnamese dong is 12% per annum.
Article 2. The interest rate for State export credit loans in Vietnamese dong is 11.4% per annum.
Article 3. The level of interest rate differential to be calculated as post-investment support for projects borrowing in Vietnamese dong is 2.4% per annum.
Article 4. The interest rate for State investment credit loans and export credit loans in Vietnamese dong and the differential interest rate calculated to support after investment shall apply to disbursements of investment credit loans and export credit loans provided by the State from the date this Circular takes effect.
Article 5. This Circular takes effect from the date of signature and replaces Circular No. 201/2011/TT-BTC dated December 30, 2011 issued by the Ministry of Finance on the interest rate for State investment credit loans and export credit loans and the differential interest rate calculated to support after investment.
The Management Board, General Director of the Vietnam Development Bank, the project sponsors of State investment credit loans and export credit loans, and related units are 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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