Decision No. 18/2008/QD-BTC announces that the interest rate for the payment of Education Bonds issued in 2003 is 68%/5 years, applicable from May 5, 2008, in 64 provinces and centrally administered cities.
Key points
- The State Treasury system shall implement the payment of Education Bonds issued in 2003 at an interest rate of 68%/5 years from May 5, 2008, in 64 provinces and centrally administered cities.
- The Director General of the State Treasury and the Heads of relevant units under and affiliated with the Ministry of Finance are responsible for implementing this Decision.
🌐 Social impact of this document
- Citizens will benefit financially from the interest rate for the payment of Education Bonds issued in 2003.
- Enterprises and organizations related to the State Treasury need to adjust their financial plans according to the new interest rate.
❓ Frequently asked questions
What is the interest rate for the payment of Education Bonds issued in 2003?
The interest rate for the payment of Education Bonds issued in 2003 is 68%/5 years.
When does the application period for the new interest rate begin?
The application period for the new interest rate begins from May 5, 2008.
In how many provinces and centrally administered cities is the interest rate for the payment of Education Bonds issued in 2003 applied?
The interest rate for the payment of Education Bonds issued in 2003 is applied in 64 provinces and centrally administered cities.
Who is responsible for implementing this Decision?
The Director General of the State Treasury and the Heads of relevant units under and affiliated with the Ministry of Finance, as well as the Directors of the State Treasuries in provinces and centrally administered cities, are responsible for implementing this Decision.
How is the payment of Education Bonds issued in 2003 carried out?
The State Treasury system shall implement the payment of Education Bonds issued in 2003 at an interest rate of 68%/5 years.
Full text
Pursuant to …;
Regarding the announcement of interest rates for the payment of Education Treasury Bonds issued in 2003
___________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/NĐ-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. 28/2003/NĐ-CP dated March 31, 2003 of the Government on the issuance of National Construction Treasury Bonds in 2003-Education Treasury Bonds;
Pursuant to Circular No. 331/TCTK-TMDV dated April 25, 2008 of the General Statistics Office;
At the proposal of the Director General of the State Treasury,
DECISION:
Article 1. As of May 5, 2008, the State Treasury System shall implement payments for Education Treasury Bonds issued in 2003 at an interest rate of 68%/5 years in all 64 provinces and centrally governed cities.
Article 2. The Director-General of the State Treasury, heads of units under and directly under the Ministry of Finance, Directors of Provincial and Centrally Governed City State Treasuries are responsible for implementing this Decision./.
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