This Circular stipulates the rules for loans from the National Fund for Employment Creation aimed at creating new job opportunities and attracting labor. It applies to individuals, households, small private enterprises, social organizations, professional associations, and private households within project areas. Preferential interest rates apply with a maximum loan term of 36 months.
Đối tượng áp dụng
Individuals, households, small private enterprises, social organizations, professional associations, and private households within project areas.
Các điểm cốt lõi
- Business operators with projects to create new jobs may borrow funds with preferential interest rates from the National Fund for Employment Creation.
- Borrowers must have complete documentation and collateral or creditworthiness to be considered for a loan.
- The maximum loan term is 36 months, with the interest rate determined by the Joint Ministry of Finance - Ministry of Labor, Invalids and Social Affairs - State Planning Commission.
- If the loan is not repaid on time, the borrower will be transferred to overdue debt status or the collateral will be auctioned off to recover the debt.
- The State Treasury is responsible for monitoring the use of borrowed funds according to their intended purpose.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Supporting the creation of new jobs and increasing income for workers through business projects.
- Negative impact: May impose financial burdens on individuals or organizations unable to repay debts on time.
❓ Câu hỏi thường gặp
Who can borrow funds from the National Fund for Employment Creation?
Individuals, households, small private enterprises, social organizations, professional associations, and private households within project areas.
What is the interest rate for borrowing?
A preferential interest rate applies with a maximum loan term of 36 months, with the specific interest rate determined by the Joint Ministry of Finance - Ministry of Labor, Invalids and Social Affairs - State Planning Commission.
Are there any requirements for collateral when borrowing?
Borrowers must provide collateral or creditworthiness. For businesses, they must pledge assets legally owned by them.
What is the maximum loan term?
The maximum loan term is 36 months, with longer terms possible for forest planting and long-term industrial tree projects.
What happens if the loan is not repaid on time?
The borrower will be transferred to overdue debt status or the State Treasury has the right to auction off the collateral to recover the debt.
Toàn văn
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 1360-TC/KBNN |
Hanoi, July 27, 1992 |
CIRCULAR
OF THE MINISTRY OF FINANCE NUMBER 1360-TC/KBNN DATED JULY 27, 1992 ON THE REGULATIONS FOR LOANS FROM THE NATIONAL FUND FOR JOB CREATION
Implementing Resolution 120-HĐBT dated April 11, 1992 of the Council of Ministers on the policy, direction, and measures for job creation in the coming years, Decision No. 259/CT dated July 13, 1992 of the Chairman of the Council of Ministers, and Circular Jointly Issued by the Ministry of Labor, Invalids and Social Affairs, Ministry of Finance, and State Planning Commission No. 10/TT-LB dated July 24, 1992.
After obtaining the agreement of the Ministry of Labor, Invalids and Social Affairs, State Planning Commission, the Ministry of Finance hereby promulgates the regulations for loans from the National Fund for Job Creation as follows:
This technical regulation sets out technical requirements, testing methods, sampling procedures; management requirements; responsibilities of organizations and individuals producing, trading, and importing cigarettes.
1. The purpose of loans from the National Fund for Job Creation is to fully utilize all existing potential, exploit natural resources, land, machinery, equipment, technology, and production experience to the maximum extent possible to create new jobs, attract additional labor, and increase income for workers.
2. The loan capital from the National Fund for Job Creation includes the annual budget funds allocated from the State Budget (Central Budget) and the recovered loan capital directly managed by the State Treasury, which is lent out according to the provisions set forth in Circular Jointly Issued by the Ministry of Labor, Invalids and Social Affairs, Ministry of Finance, and State Planning Commission No. 10/TT-LB dated July 24, 1992, and the bases stipulated in these regulations.
3. The State Treasury shall only provide loans for projects that have been approved by competent authorities within the scope of the loan capital it has received. The State Treasury is responsible for inspecting and supervising before, during, and after the provision of loans to each borrower to ensure full recovery of both principal and interest on the loans.
4. Borrowers eligible for loans from the National Fund for Job Creation include:
- Individuals, households, family groups, cooperatives, small non-state enterprises (collectively referred to as business operators) with projects creating new jobs and attracting new labor.
- Members of mass organizations, people's organizations, and professional associations who need employment and are included in employment programs and projects by their respective organizations to create jobs for themselves.
- Private households and families located in areas planned and organized by local People's Committees to attract labor and solve employment issues.
- Private households and families who have moved to new economic zones according to plans and require loans to develop household economies, which are consolidated into loan projects by the project managers.
- Families of military personnel and public security forces who have moved to new economic zones and require loans to develop household economies, which are consolidated into loan projects by the Ministry of Defense and the Ministry of Public Security.
5. Interest rate for loans: The State Treasury will implement loans at a low interest rate and loan fee (lower than the bank loan interest rate). The specific interest rate will be determined by the Joint Ministry of Finance, Ministry of Labor, Invalids and Social Affairs, and State Planning Commission according to each borrowing period. Borrowers must directly benefit from this preferential interest rate. It is strictly prohibited to add any other charges to the loan interest rate. The interest collected will be used to supplement the loan capital of the National Fund for Job Creation and cover the operational expenses of the State Treasury.
II. SPECIFIC PROVISIONS
1. Principles for lending:
- Loans must be provided to the correct borrowers and locations according to approved projects and in accordance with the production schedule and labor absorption schedule.
- Loan capital must be used for the purposes specified in the approved project; at the same time, it must ensure full repayment of principal and interest according to the terms stated in the loan agreement.
- Loans must be secured by collateral or credit guarantee.
2. Conditions for obtaining loans: Borrowers eligible for loans from the National Fund for Job Creation must meet the following procedures and conditions when applying for loans:
- They must have a project approved by competent authorities and must register for loans with the State Treasury where they intend to borrow.
- They must submit complete loan application documents and must be reviewed and examined by the State Treasury before being granted a loan. The loan application documents include:
+ An approved job creation project
+ A loan application form (Form 01/KBCV)
+ A loan collateral declaration form (Form 02/KBCV)
+ A guarantor letter (if the borrower does not have sufficient collateral) (Form 2a/KBCV).
+ An appraisal form (Form 03/KBCV)
+ A loan agreement (Form 04/KBCV)
- They must have collateral or credit guarantee: In all cases, borrowers must provide collateral. Business operators (individuals, households, family groups, cooperatives, small non-state enterprises) must provide collateral from their legally owned assets to obtain a loan. For private households, families, members of mass organizations, people's organizations, and professional associations without collateral, they must be guaranteed by legitimate local authorities, organizations, or associations using their assets or budgets with the State Treasury. If the borrower cannot repay the debt, the State Treasury has the right to auction the collateral or deduct from the guarantor's budget to recover the debt.
- The person named as the borrower is responsible for fully repaying the debt (principal and interest) to the State Treasury. When the borrower changes residence, goes missing, or is incarcerated, the legal heir must assume responsibility for repaying the debt to the State Treasury.
3. Loan term and capital recovery
The loan term is determined based on the production cycle, not exceeding 12 months. Special cases for long-term forestry and industrial tree planting projects may extend up to 36 months.
The term for recovering capital and interest: Loan capital will be recovered gradually according to the type of production and production cycles recorded in the loan agreement. Loan interest will be collected once at the end of the loan term.
In case the borrower fails to repay the debt upon maturity and is not granted an extension by competent authorities, the debt will become overdue and the borrower must pay interest at 1.5 times the prescribed rate.
If the borrower still fails to repay the debt three months after the due date, the State Treasury will take necessary actions to freeze and auction the collateral to recover the debt.
4. The interest rate for loans with various terms shall be applied according to the Decision of the Joint Ministry of Finance - Ministry of Labor, War Invalids and Social Affairs - State Planning Committee, and adjusted appropriately for each loan period.
III. IMPLEMENTATION
1. The Department of Finance and Prices, the Planning Commission, the Department of Labor, War Invalids and Social Affairs, and the National Treasury Branches in provinces and cities shall be responsible for coordinating with relevant departments and sectors to guide project owners in building loan projects.
2. National Treasury units shall be responsible for receiving and re-evaluating loan applications, implementing loans according to the prescribed recipients and regulations stipulated in Circular No. 10/TT-LB dated July 24, 1992 issued jointly by the Ministry of Labor, War Invalids and Social Affairs, the Ministry of Finance, and the State Planning Committee, and other provisions in this document. They shall conduct inspections and controls to ensure that borrowed funds are used for their intended purposes. In cases where misuse of funds is discovered, the National Treasury has the authority to temporarily suspend or recover the loan and report to the Joint Ministries for review and resolution.
3. The National Treasury Bureau shall be responsible for managing and promptly distributing funds to the National Treasury Branches to implement loans; guiding the management, accounting, and bookkeeping of lending operations and loan repayments (both principal and interest) within the National Treasury system. This regulation shall take effect from the date of signature. During implementation, if any difficulties arise, they should be reported promptly to the Ministry of Finance for study and resolution.
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Lý Tài Luận (Signed) |
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Model number: 01/KBCV
Number:
APPLICATION FOR LOAN FROM THE NATIONAL EMPLOYMENT FUND
To: …National Treasury …
My name is:...
- ID number: …issued by the police …on…
I have been dispatched by my agency (enterprise) …to your agency to request a loan from the national employment fund under project number …which has been approved.
Therefore, I hereby submit this application requesting your agency to consider granting me (our agency) a loan:
+ Loan amount: …in words …
+ Loan term: …months…
+ Date of repayment (principal + interest)…
- I, our agency, pledge to collateralize certain assets or credit guarantees as detailed in the attached asset collateral form.
I (our agency) commit to using the loan proceeds for the intended purpose, achieving effectiveness, repaying the principal and interest on time, and complying fully with the loan regulations of your agency; if violated, I (our agency) will bear full responsibility.
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Date …month …year 199… |
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Approval opinion |
Appraiser |
Borrower |
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Model number: 02/KBCV
Number:
COLLATERAL ASSET DECLARATION FORM
- My name is:…
- ID number: …issued by the police …on…
- Our agency:…
- Address:...
Currently, we legally own (or use) the following types of documents and assets:
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Serial Number |
Name of document, asset |
Size, specifications |
Quantity |
- The book value of the security is determined according to the Accounting System of the State Bank and the guidance document of the State Bank on the accounting treatment of foreign securities investment operations. |
Address of asset |
Remarks |
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...................... |
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Total value |
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Now, we wish to use these assets as collateral for a loan at the National Treasury
…as per loan application number…
For a loan amount of …dong
If the commitments made in the loan application and promissory note are not fulfilled within 90 days from the due date, the National Treasury has the right to sell or auction the aforementioned assets to recover the debt.
Date...month...year 19...
Borrower
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Confirmation of the People's Committee… |
All documents regarding the ownership of the above assets have been received. |
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Model number: 2a/KBCV
GUARANTEE LETTER
Loan from the national employment fund
Name of organization, association: …
....................................................................
We guarantee the following individuals to be eligible for a loan from the national employment fund:
1 ....................................................................
2 ....................................................................
3 ....................................................................
....................................................................
Should these borrowers fail to repay the National Treasury, our organization will use our assets or budget to cover the debt.
Date...month...year 19...
Head of the unit
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............. Treasury Single Account ............ |
SOCIALIST REPUBLIC OF VIETNAM |
Model number: 03/KBCV
No.:...
LOAN APPLICATION REVIEW FORM
- Name of appraiser: …
Based on loan application number: …dated…199 …
of Mr./Ms.: …ID number…issued by
Police: …on…
After reviewing and investigating the applicant, I find:
1. Regarding loan conditions: Fully met (or not fully met).
- ............................................................
- ...................................................
- ............................................................
2. Collateral assets, credit guarantees:
- ............................................................
- ............................................................
- ............................................................
3. Recommendation:
- Approve or deny loan:…
- Loan amount: …
- Loan term: …
- Interest rate: …
I hereby certify and accept full responsibility for the contents reviewed and appraised above.
Respectfully submitted for leadership consideration and decision.
Date …month …year 199…
Appraiser
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............. Treasury Single Account ............ |
SOCIALIST REPUBLIC OF VIETNAM |
Model number: 03/KBCV
No.:...
PROMISSORY NOTE
I - COMMITMENTS
- Borrower's name:…
ID number…issued by the police …on:…
- Loan application number: …
Approved by: …National Treasury:…to lend:
+ Loan amount:…
+ Term: …
+ Interest rate:…
I hereby commit to comply with the loan regulations of the National Treasury and bear material responsibility for this loan. If the loan is not repaid on time, the National Treasury has the right to transfer it to overdue debt or sell or auction the borrower's collateral assets to recover the debt.
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Borrower |
Appraiser |
Date …month …year 199… Head of SBNN |
II - MONITORING OF LOANS AND DEBT COLLECTION
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Serial Number |
Payment voucher |
Loan Amount |
Repayment Amount |
Borrower |
Collector |
Amount Transferred to Overdue Debt |
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Number |
The Open Source Software Steering Committee operates on a part-time basis. The Open Source Software Steering Committee has a working group assisting the Steering Committee. |
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- Type of term 1 year |
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III - OVERDUE DEBT COLLECTION MONITORING
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Serial Number |
Payment voucher |
Overdue amount |
Overdue Interest Rate |
Amount Collected for Overdue Debt |
Outstanding Overdue Debt |
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Number |
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IV - LOAN AND REPAYMENT PLAN:
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The Open Source Software Steering Committee operates on a part-time basis. The Open Source Software Steering Committee has a working group assisting the Steering Committee. |
Loan Amount |
Quarterly payment amount |
Borrower's Signature |
Appraiser |
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DATE, |
Cash |
Stamp |
- Type of term 1 year |
Rate/year |
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