Circular No. 13/2014/TT-NHNN guiding the provision of loans pursuant to Decision No. 68/2013/QĐ-TTg dated November 14, 2013 of the Prime Minister on policies to reduce losses in agriculture.

CIRCULAR

Hguiding the lending activities pursuant to Article 24Decision No. 68/2013/QĐ-TTg

dated November 14, 2013 of Tthe Prime Minister Cthe Government on support policies

aimed at reducing losses in agriculture

___________________

Pursuant to the Law on the State Bank of Vietnam No.No. 46/2010/QH12 dated June 16, 2010;

On the basis of the Law on Credit Institutions"b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."in effect number 47/10/QH1on June 16, 202010;

Decree No. 1Decree No. 56/2013/NĐ-CP dated 1May 5, 11 year 2013 of the"b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnamorganize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular. Issuing this Circular to amend and supplement certain articles of Circular No. 12/2020/TT-BGTVT dated May 29, 2020, issued by the Minister of Transport regarding the organization and management of road passenger transport activities by motor vehicles and related support services.

Pursuant to Decision number Decision No. 68/2013/QĐ-TTg dated November of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry and Trade; Pursuant to Decree No. 32/2019/NĐ-CP dated April 10, 2019 of the Government on assigning tasks, procurement or tendering for the supply of products and services using state budget from regular operating expenses;12013 of the Prime Minister onand project management units managing one construction project in accordance with current laws on project management for construction investment (excluding project management units that are member organizations of enterprises);support policies aimed at reducing, amended and supplemented by Decree No. 109/2025/NĐ-CP and Decree No. 193/2025/NĐ-CPlosses in agriculture;

Pursuant to the proposal of the Director of the Department of Credit for Economic Sectors;iThe Governor of the State Bank of Vietnam issues this Circular guiding the lending activities pursuant to Decision No.

68/2013/QĐ-TTg dated November 14No. 68/2012013 of the 11 Prime Minister onDeputy ministers of ministerial-level agencies, support policies aimed at reducing losses in agriculture,"b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."Article 1. This Circular guides the commercial banks' lending activities to enterprises, cooperatives, production cooperatives, households, and individuals in accordance with Decision No. 68/2013/QĐ-TTg dated November 14, 2013 of the Prime Minister on support policies aimed at reducing losses in agriculture (hereinafter referred to as Decision No. 68/2013/QĐ-TTg)."b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."Article 2. This Circular applies to loan contracts signed before December 31, 2020, at commercial banks aimed at reducing losses in agriculture.

Article 1. Scope of Regulation and Applicability

Article 3. Parties to the loan

Clause 1. The lender is commercial banks established and operating in accordance with the Law on Credit Institutions.

Clause 2. The borrower is organizations and individuals specified in Article 1 and Article 2 of Decision No. 68/2013/QĐ-TTg.

Article 4. Purpose of lending

Clause 1. Lending to reduce losses in agriculture shall be carried out in accordance with the credit institutions' regulations on lending to customers and the provisions of this Circular.

2. Households may only borrow unsecured loans for commercial forest planting and livestock development as prescribed in Article 4 of this Circular from one of the two Banks and must comply with the guidance of the provincial People's Committee regarding the identification of tree species and livestock breeds based on local conditions.

Clause 2. Customers must use the funds for their intended purpose.

Article 5. Loan recipients

Article 5. Conditions for Borrowing

Clause 1. Recipients borrowing in Vietnamese dong to purchase machines and equipment listed in the domestic production and imported machine and equipment categories announced by the Ministry of Agriculture and Rural Development and to invest in machine and equipment projects that have been appraised according to the guidelines of the Ministry of Agriculture and Rural Development.

Clause 2. Must meet the conditions set forth in Clause 3 of Article 1 and Clause 3 of Article 2 of Decision No. 68/2013/QĐ-TTg.

Article 6. Interest rates and loan amounts

Clause 1. Commercial banks shall lend at the lowest interest rate applicable to loans for agricultural and rural development purposes during the same period.

Clause 2. The maximum loan amount eligible for subsidized interest rates and interest rate differential subsidies as stipulated in Clause 4 of Article 1 and Clause 4 of Article 2 of Decision No. 68/2013/QĐ-TTg.

Clause 3. Subsidized interest rates and interest rate differential subsidies for customers shall be implemented in accordance with the guidelines of the Ministry of Finance.

The interest rate on loans is applied according to the interest rate for loans to workers going to work abroad under contracts as stipulated by the Vietnam Social Policy Bank for each category.

Article 7. Loan terms

Clause 1. The loan term for customers purchasing machines and equipment as stipulated in Point b, Clause 4 of Article 1 of Decision No. 68/2013/QĐ-TTg shall be agreed upon between the commercial bank and the customer, but the state budget will only subsidize interest rates for up to three years.

Article 7. Responsibilities of commercial banks

1. Report to the State Bank of Vietnam (Credit Department for Economic Sectors) and the Ministry of Finance on their participation in lending aimed at reducing losses in agriculture before implementing the first loan, except for commercial banks that have already provided loans to reduce post-harvest losses for agricultural and aquatic products according to Circular No. 22/2012/TT-NHNN dated June 22, 2012 of the State Bank of Vietnam guiding the implementation of Decision No. 63/2010/QĐ-TTg dated October 15, 2010 and Decision No. 65/2011/QĐ-TTg dated December 2, 2011 of the Government on policies to support reduction of post-harvest losses for agricultural and aquatic products.

2. Shall be responsible for examining, appraising, and deciding on lending to customers in accordance with regulations and shall bear responsibility for their lending decisions.

3. Regularly report monthly (before the 10th day of the following month) to the State Bank of Vietnam (Credit Department for Economic Sectors) on the results of lending aimed at reducing losses in agriculture, using the form attached to this Circular.

Article 8. Responsibilities of borrowing customers

1. Provide complete and truthful information and documents related to borrowing in accordance with regulations and shall be responsible for the accuracy of the information and documents provided.

2. Use borrowed funds for the intended purpose; repay principal and interest according to the agreement with the commercial bank.

Article 9. Responsibilities of units under the State Bank

1. Department of Credit to Economic Sectors

a) Coordinate with relevant units to resolve difficulties and obstacles in the process of implementing lending as stipulated in this Circular;

b) Summarize and report to the Governor the results of lending aimed at reducing losses in agriculture.

2. Banking Inspection and Supervision Authority

Conduct inspection and supervision of lending by commercial banks to customers as stipulated in this Circular.

Article 10. Implementation Organization

1. This Circular takes effect from May 12, 2014 and replaces Circular No. 22/2012/TT-NHNN dated June 22, 2012 of the State Bank of Vietnam guiding the implementation of Decision No. 63/2010/QĐ-TTg dated October 15, 2010 and Decision No. 65/2011/QĐ-TTg dated December 2, 2011 of the Government on policies to support reduction of post-harvest losses for agricultural and aquatic products.

2. The Director of the Office, Heads of the Credit Department for Economic Sectors, Heads of relevant units under the State Bank of Vietnam, Governors of the State Bank of Vietnam branches in provinces and centrally governed cities, Chairmen of the Board of Members, Chairmen of the Board of Management, and General Directors (Directors) of commercial banks are responsible for organizing the implementation of this Circular./.