Decision No. 114/2008/QD-BTC on the announcement of interest rates for state investment credit loans and export credit loans, as well as the level of interest rate differential to be calculated for post-investment support

Pursuant to …;

Regarding the announcement of interest rates for investment credit loans and export credit loans of The State and the level of interest rate differential to be calculated as post-investment support

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 investment credit and export credit of the State;

Pursuant to Decree No. 106/2008/ND-CP dated September 19, 2008 of the Government amending and supplementing certain Articles of Decree No. 151/2006/ND-CP of the Government on investment credit and export credit of the State;

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 investment credit and export credit of the State;

At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,

DECISION:

Article 1. The interest rate for State investment credit loans in Vietnamese dong is 10.2% per annum, in freely convertible foreign currency is 6.9% per annum.

Article 2. The interest rate for State export credit loans in Vietnamese dong is 10.8% per annum, in freely convertible foreign currency is 6.9% per annum.

Article 3. The interest rate differential for post-investment support calculated for projects borrowing in Vietnamese dong is 3.0% per annum, for projects borrowing in foreign currency is 0.75% per annum.

Article 4. The interest rates for State investment credit and export credit loans and the interest rate differential for post-investment support shall apply to projects signing contracts for the first time from the date Decree No. 106/2008/ND-CP dated September 19, 2008 of the Government comes into effect.

Article 5. This Decision takes effect fifteen days after its publication in the Official Gazette and replaces Decision No. 52/2008/QD-BTC dated July 14, 2008 of the Minister of Finance on the interest rates for State investment credit and export credit loans and the interest rate differential for post-investment support. sử dụng đầu tư, tín dụng xuất khẩu của Nhà nước và mức chênh lệch lãi suất được tính để hỗ trợ sau đầu tư.

The Chairman of the Management Board, General Director of the Vietnam Development Bank, and the project sponsors of State investment credit and export credit loan projects are responsible for implementing this Decision./.