Decision No. 178/1998/QĐ-TTg stipulates the provision of interest rate support for loans from banks to enterprises producing and trading certain export goods facing significant difficulties. The interest rate support is at a level 0.2% lower per month than the current interest rate, applicable from the date the decision takes effect until the Export Credit Fund commences operations.
适用范围
Enterprises producing and trading certain export goods are eligible for support; commercial banks participating in providing interest rate support.
要点
- Enterprises producing and trading fresh/frozen meat, fresh/frozen poultry, fresh/frozen fruits and vegetables (excluding canned pineapple), computer software, diesel engines, electric motors, bicycles, and electric fans are eligible for interest rate support at a level 0.2% lower per month than the current interest rate.
- Interest rate support applies to the Bank for Foreign Trade of Vietnam, the Agricultural Development Bank of Vietnam, the Industrial and Commercial Bank of Vietnam, the Development Bank of Vietnam, the Joint Stock Commercial Bank for Export Import of Vietnam, and the Joint Stock Commercial Asia Bank.
- Loan procedures follow the current credit regulations of the banks, with the current interest rates for export loans. The level of interest rate support is based on the outstanding loan balance for exporting supported goods.
- The State Bank directs commercial banks to prepare capital and seek customers; manage risks associated with exporting businesses to the Russian market and other CIS countries.
- Commercial banks providing export support loans include the interest rate support amount in their income to determine actual wages.
🌐 本文件的社会影响
- Positive: Supporting businesses to overcome difficulties and enhance exports; reducing financial burdens on businesses.
- Negative: May put pressure on banks regarding capital and risk management; strict monitoring mechanisms are required.
❓ 常见问题
Which goods are eligible for interest rate support?
Goods eligible for interest rate support include fresh/frozen meat, fresh/frozen poultry, fresh/frozen fruits and vegetables (excluding canned pineapple), computer software, diesel engines, electric motors, bicycles, and electric fans.
What is the level of interest rate support?
The interest rate support is at a level 0.2% lower per month than the current interest rate for export loans.
When does the interest rate support apply?
Interest rate support is implemented from the date the decision takes effect and ends when the Export Credit Fund begins operations.
Which banks participate in providing interest rate support?
Participating banks include the Bank for Foreign Trade of Vietnam, the Agricultural Development Bank of Vietnam, the Industrial and Commercial Bank of Vietnam, the Development Bank of Vietnam, the Joint Stock Commercial Bank for Export Import of Vietnam, and the Joint Stock Commercial Asia Bank.
On what basis is the level of interest rate support determined?
The level of interest rate support is based on the outstanding loan balance for exporting supported goods. In cases where the value of exported goods is less than the outstanding loan balance, the support level is based on the actual value received.
全文
DECISION OF THE PRIME MINISTER
On interest rate support for export loans
For certain export items
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Resolution No. 02/1998/NQ-CP of the Government dated January 26, 1998;
To implement the Government's policy of encouraging exports and contributing to supporting businesses producing and trading in export items facing many difficulties;
At the proposal of the Governor of the State Bank,
DECISION:
Article 1. Permit commercial banks to provide interest rate support to businesses producing and trading in certain export items as stipulated in Article 2 of this Decision by lending at an interest rate lower than 0.2%/month compared to the current export loan interest rate applied by commercial banks.
Interest rate support shall be implemented from the date this Decision takes effect and will end when the Export Credit Fund is established and operational.
The export of items to repay government annual plans shall not apply the interest rate support mechanism under this Decision.
Article 2. The items eligible for interest rate support as stipulated in Article 1 of this Decision include:
1. Fresh and processed meat and poultry;
2. Fresh and processed fruits and vegetables (excluding canned pineapple exported to the US market);
3. Computer software;
4. Certain mechanical products: diesel engines, electric motors, bicycles, electric fans.
Article 3. The commercial banks participating in the interest rate support as stipulated in Article 1 of this Decision include:
1. Vietnam Bank for Foreign Trade;
2. Vietnam Agricultural and Rural Development Bank;
3. Vietnam Industrial and Commercial Bank;
4. Vietnam Investment and Development Bank;
5. Vietnam Joint Stock Commercial Bank for Import-Export;
6. Asia Commercial Joint Stock Commercial Bank.
Article 4. When lending for the export items specified in Article 2 of this Decision, commercial banks shall conduct loan appraisals according to the current credit regulations and the export loan interest rates currently applied by commercial banks.
After export enterprises have shipped goods and received payment, commercial banks shall provide interest rate support based on the outstanding loan balance for exporting the aforementioned items. In cases where the value of exported goods is less than the outstanding loan balance, the basis for calculating the interest rate support shall be the actual value of the exported goods received.
Article 5. The State Bank of Vietnam shall direct commercial banks to actively seek customers; prepare sufficient funds to meet the borrowing needs of businesses producing and trading in supported export items; in cases where export enterprises to the Russian market and CIS countries encounter risks due to external factors and cannot repay their debts, the State Bank of Vietnam shall report to the Prime Minister for consideration and resolution.
Article 6. Commercial banks providing export support loans as stipulated in Article 3 of this Decision shall include the interest rate support amount in income to determine actual wages.
Article 7. This Decision takes effect from the date of signature.
Article 8. The Governor of the State Bank of Vietnam is responsible for directing commercial banks to comply with the provisions of this Decision.
Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial and municipal People's Committees directly under the Central Government are responsible for implementing this Decision.
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