Decision No. 13/2009/QD-TTg stipulates the use of state credit investment capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2009 to 2015. This decision applies to the Ministry of Planning and Investment, the Ministry of Finance, the Vietnam Development Bank, and localities.
Scope of application
The Ministry of Planning and Investment, the Ministry of Finance, the Vietnam Development Bank, and localities
Key points
- The Ministry of Planning and Investment and the Ministry of Finance shall allocate annual credit investment capital plans. In 2009: 4,000 billion VND (1,000 billion VND from the Vietnam Development Bank, 3,000 billion VND advanced from the central budget). From 2010 onwards: approximately 2,000 billion VND annually.
- The Vietnam Development Bank is responsible for lending to localities to implement the programs and collecting debts according to regulations, while simultaneously repaying the central budget the advanced amount (3,000 billion VND).
- Localities borrowing state credit investment capital to implement the aforementioned programs must be responsible for repaying the Vietnam Development Bank on schedule.
- Financial mechanisms for the programs specified in Article 1 shall be implemented according to Decision No. 66/2000/QD-TTg and Decision No. 132/2001/QD-TTg. Localities shall use domestic investment capital sources (including land use fee investment funds) allocated in the annual local budget balance to repay.
- This decision takes effect from the date of issuance and replaces Decision No. 184/2004/QD-TTg.
🌐 Social impact of this document
- Continue to invest in developing rural infrastructure, helping to improve the quality of life for residents.
- Reduce the financial burden on localities in debt repayment.
- Create favorable conditions for the Vietnam Development Bank to fulfill its mission of supporting investment credit development.
❓ Frequently asked questions
How much money did the central budget advance in 2009 for localities to borrow?
In 2009, the central budget advanced 3,000 billion VND.
What can localities use state credit investment capital for?
Localities may borrow capital to implement programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure.
What responsibilities does the Vietnam Development Bank have regarding the use of state credit investment capital?
The Vietnam Development Bank is responsible for lending to localities to implement the programs and collecting debts according to regulations, while simultaneously repaying the central budget the advanced amount (3,000 billion VND).
What is the financial mechanism for these programs?
The financial mechanism is implemented according to Decision No. 66/2000/QD-TTg and Decision No. 132/2001/QD-TTg. Localities shall use domestic investment capital sources (including land use fee investment funds) allocated in the annual local budget balance to repay.
When does this decision take effect?
This decision takes effect from the date of issuance.
Full text
DECISION
On the use of state investment credit capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2009 to 2015
___________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Government Decree No. 151/2006/NĐ-CP dated December 20, 2006 on state investment credit and export credit;
Considering the proposal of the Minister of Finance,
DECIDES:
Article 2. The Ministry of Planning and Investment and the Ministry of Finance shall be responsible for allocating the annual plan for state investment credit capital. For the year 2009, due to the need to stimulate investment, the allocated capital amount is VND 40,000 billion from the following sources:
- The mobilized capital of the Vietnam Development Bank assigned by the Prime Minister under Decision No. 1675/QĐ-TTg dated November 19, 2008 is VND 10,000 billion.
- Advance VND 30,000 billion from the central budget to the Vietnam Development Bank to serve as a source for localities to borrow.
From 2010 onwards, the allocation will be lower (approximately VND 20,000 billion per year).
Article 3. The Vietnam Development Bank shall be responsible for lending to localities to implement programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure, and collecting debts according to regulations. At the same time, it shall be responsible for repaying the central budget the advanced capital (VND 30,000 billion).
Localities borrowing state investment credit capital to implement the aforementioned programs must have the responsibility to repay debts to the Vietnam Development Bank on schedule.
As for the repayment capital source, localities shall use domestic investment development capital (including land use fee revenue) allocated in the annual budget balance of localities for repayment.
Article 5. This Decision takes effect from the date of issuance.
This Decision replaces Decision No. 184/2004/QĐ-TTg dated October 22, 2004 of the Prime Minister on the use of state investment credit capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2006 to 2010.
Article 6. The Ministers, Heads of ministerial-level agencies, Heads of government agencies, Chairpersons of provincial People's Committees under the direct jurisdiction of the central government shall be responsible for implementing this Decision./.
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