Circular No. 183/2009/TT-BTC guides the provision of interest rate subsidies for implementing preferential interest rate lending policies under the program to support poor districts as stipulated in Resolution No. 30a/2008/NQ-CP dated December 27, 2008 of the Government.

CIRCULAR

Guidelines for interest rate subsidies due to implementing preferential lending policies under the support program

interest rates for poor districts as stipulated in Resolution No. 30a/2008/NQ-CP dated December 27, 2008 of the Government

Pursuant to Resolution No. 30a/2008/NQ-CP dated December 27, 2008 of the Government on the program to reduce poverty quickly and sustainably in 61 poor districts (referred to collectively as Resolution No. 30a/2008/NQ-CP in this Circular);

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Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

The Ministry of Finance hereby guides the documents, procedures, and process for interest rate subsidies for the Social Policy Bank and State-owned Commercial Banks due to implementing preferential lending policies with reduced interest rates under the support program for poor districts as follows:

This Circular guides the documents, procedures, and process for interest rate subsidies for the Social Policy Bank and State-owned Commercial Banks implementing preferential lending with reduced interest rates under the support program for poor districts as prescribed in Resolution No. 30a/2008/NQ-CP.

Article 1. Scope of Regulation and Applicability

2. Applicability:

a. The Social Policy Bank implements preferential lending with reduced interest rates under the support program for poor districts as prescribed in Resolution No. 30a/2008/NQ-CP, which is detailed in Article 3 of Circular No. 06/2009/TT-NHNN dated April 9, 2009 of the State Bank of Vietnam.

第二条 组织和实施奖励工作的支出水平，如政府第152/2025/NĐ-CP号决定关于分级授权和奖励领域的分权规定

b. State-owned Commercial Banks implement preferential lending with reduced interest rates under the support program for poor districts as prescribed in Resolution No. 30a/2008/NQ-CP, which is detailed in Article 2 of Circular No. 06/2009/TT-NHNN dated April 9, 2009 of the State Bank of Vietnam.

State-owned Commercial Banks, as defined in this Circular, include: Vietnam Agriculture and Rural Development Bank, Vietnam Investment and Development Bank, Mekong Delta Development Bank, Vietnam Joint Stock Commercial Bank for Industry and Trade, and Vietnam Joint Stock Commercial Bank for Foreign Trade.

Article 2. Conditions for receiving interest rate subsidies from the state budget

1. The Social Policy Bank and State-owned Commercial Banks must organize lending in accordance with the provisions of Resolution No. 30a/2008/NQ-CP, targeting the correct beneficiaries and objectives as guided by the State Bank of Vietnam.

2. State-owned Commercial Banks must lend at the lowest interest rate applicable to similar loans to the same borrowers, for the same term, in the same area at the same time, as stipulated in Resolution No. 30a/2008/NQ-CP.

3. Interest rate subsidies are provided for loans within the subsidized interest rate period; if loans become overdue due to non-payment of principal on time, the outstanding principal not paid on time will not be eligible for interest rate subsidies from the date of becoming overdue.

Article 3. Procedures for subsidizing interest rate differences for the Social Policy Bank

1. The interest rate difference subsidy for the Social Policy Bank shall be implemented according to the general regulations applicable to the Social Policy Bank when providing loans for programs supporting the poor and other policy targets of the State. The Social Policy Bank is responsible for:

- Preparing an annual interest rate subsidy plan.

- Determining the actual interest rate difference arising.

- Requesting interim quarterly subsidies.

- Finalizing the annual settlement.

- Implementing reporting requirements as prescribed.

When implementing these items, the Social Policy Bank shall compile a separate section on the support program for poor districts.

Specifically, for the annual budget preparation for this program, the Social Policy Bank shall prepare a separate budget report to the Ministry of Finance for inclusion in the annual state budget.

2. The Chairman of the Board of Directors and General Director of the Social Policy Bank are responsible for the validity and accuracy of the reports and data submitted for state budget interest rate subsidy differences.

2. The Chairman of the Board of Directors and the General Director of the Social Policy Bank shall be responsible for the validity and accuracy of the reports and figures proposed for the State budget to subsidize the interest rate differential. 3. The Chairman of the Board of Directors and the General Director of the Social Policy Bank shall be responsible for the validity and accuracy of the reports and figures proposed for the State budget to subsidize the interest rate differential.budget to cover the interest rate differential subsidy.

Article 4. Procedures for interest rate subsidies for state commercial banks

1. Interest rate subsidy plan formulation:

a. State commercial banks shall prepare an annual interest rate subsidy plan according to the following formula:

Where:

+ The average interest rate subsidy level equals 50% of the average lending interest rate under the poverty-stricken district support program of the banks.

+ The average annual loan balance eligible for subsidy shall be calculated as the arithmetic mean between the beginning-of-year and end-of-year loan balances.

b. Each year, no later than August, state commercial banks shall base on their assigned tasks and forecast the next year's loan balance for poverty-stricken districts to develop an interest rate subsidy plan for the planning year, which they will submit to the Ministry of Finance and the Ministry of Planning and Investment (quarterly breakdown included) during the time of preparing the next year's budget revenue and expenditure estimates in accordance with the State Budget Law and guiding documents (using the above formula).

2. Quarterly temporary interest rate subsidy

Within a maximum of 30 days from receiving the quarterly implementation report of state commercial banks, the Ministry of Finance will temporarily subsidize up to 90% of the previous quarter's actual performance but not exceeding the annual budget allocation.

3. Determining the actual interest rate differential for the period requesting the State Budget to subsidize:

a. The amount of subsidy for a loan is calculated by multiplying the interest rate subsidy differential level with the loan balance and the duration of the subsidized loan period according to the following formula:

 Where:

+ The interest rate subsidy differential level equals 50% of the lending interest rate stipulated in Clause 2 of this Circular.

+ n is the number of days of the loan balance within the subsidized interest rate period.

b. The total interest subsidy amount of the State Commercial Bank is the sum of the actual interest subsidy amounts of all loans eligible for interest subsidy.

c. State commercial banks shall use the above formula to calculate the interest reduction for customers and to determine the amount of subsidy provided by the State Budget to the bank.

4. Settlement of interest rate subsidies:

a. At the end of the fiscal year, state commercial banks shall aggregate the actual interest rate differentials proposed for subsidy and report to the Ministry of Finance.

The Chairman of the Board of Directors and General Director of State Commercial Banks are responsible for the validity and accuracy of the data proposed for State Budget interest subsidy.

b. The settlement subsidy request file includes:

+ A consolidated system-wide report on interest rate subsidies that have been audited by Independent Auditors or State Audit (Attachment Table 1).

+ A report by province on interest rate subsidies, detailed by each poverty-stricken district (Attachment Table 2).

c. Based on the annual reports of state commercial banks, the Ministry of Finance will implement the annual settlement for the banks.

d. State commercial banks shall organize copies, retain supporting documents, and detailed reports for each interest subsidy item to ensure accuracy, transparency, and clarity to facilitate the verification of subsidy differential interest rate settlement data as stipulated in Clause 5 of this Article.

5. Verification of settlement subsidy differential interest rate data

a. At the end of the fiscal year, the Ministry of Finance will conduct a verification of the subsidy request data.

b. Banks are responsible for providing detailed files for each loan, aggregated by each poverty-stricken district as follows:

+ Credit agreements, promissory notes, or equivalent documents to identify borrower clients, loan implementation status, outstanding balances, arrears, overdue debts (if any).

+ A bank statement identifying the amount of interest subsidy.

+ Customer confirmation regarding receipt of interest subsidy, the amount of interest subsidy received, in accordance with Circular No. 06/2009/TT-NHNN dated April 9, 2009 of the State Bank.

The above documents are photocopies stamped as true copies by the bank and signed by responsible persons with full names. For computer-generated documents and vouchers, signatures of responsible persons and bank stamps must be affixed.

c. Handling discrepancies between settlement subsidy differential interest rate data and verified settlement subsidy differential interest rate data

+ In cases where there is a discrepancy between the reported settlement subsidy differential interest rate data of state commercial banks and the verified settlement subsidy differential interest rate data of the Ministry of Finance, state commercial banks are responsible for adjusting their accounting records to accurately reflect the settlement subsidy differential interest rate, and simultaneously adjust the interest subsidy amount for customers.

+ If the temporary differential interest rate subsidy amount transferred by the State Budget exceeds the verified settlement subsidy amount, the excess will be recovered by the Ministry of Finance or converted into the temporary subsidy amount for the following year.

d. Time limit for verifying settlement

- No later than 30 days from receiving the settlement report of state commercial banks, the Ministry of Finance must notify the selected commercial bank branch in writing to conduct the settlement verification.

- The settlement verification process will be carried out within the next 30 days and may only be extended in special circumstances.

- The handling of discrepancies between settlement data and verified settlement subsidy differential interest rate data must be completed within 30 days from the date of the verification settlement report.

Article 5: Reporting System

1. Monthly, the Social Policy Bank and state-owned commercial banks shall submit reports on the implementation results of the loan support policy for poor districts to the State Bank of Vietnam in accordance with Circular No. 06/2009/TT-NHNN, and simultaneously send them to the Ministry of Finance. At the end of each quarter, the Social Policy Bank and state-owned commercial banks shall compile interest subsidy data for poor districts across the entire system and send it to the Ministry of Finance. The quarterly report submission deadline is no later than the following month of the quarter.

2. Within forty-five days from the end of the year, the Social Policy Bank and state-owned commercial banks shall submit annual implementation reports to the Ministry of Finance, including:

+ The amount of interest rate differential temporarily granted during the year.

+ The actual amount of interest rate differential arising during the year requesting full-year compensation.

+ Settlement documentation in accordance with Clause 4, Article 4 of this Circular.

Article 6. Implementation Organization

1. This Circular takes effect from the date of issuance.

2. During implementation, if any difficulties arise, they should be reported to the Ministry of Finance for consideration and resolution./.