This Circular stipulates that the interest rate for state investment credit in Vietnamese dong is 9.6% per annum, the interest rate for state export credit in Vietnamese dong is 7.2% per annum, and the post-investment interest rate differential support level is 2.4% per annum.
Key points
- Based on Government Decrees, this Circular stipulates that the interest rate for state investment credit in Vietnamese dong is 9.6% per annum.
- The interest rate for state export credit in Vietnamese dong is stipulated to be 7.2% per annum.
- The post-investment interest rate differential support level for projects borrowing in Vietnamese dong is 2.4% per annum.
- The interest rate for state investment credit and export credit shall be applied from the date this Circular takes effect.
- The post-investment interest rate differential support level shall be applied according to each repayment installment made by the project sponsor.
🌐 Social impact of this document
- Positive impact: Reducing the financial cost burden for investment and export projects, helping enterprises save on loan interest costs.
- Negative impact: May reduce the income of development banks if the post-investment interest rate differential support level is lower than expected.
❓ Frequently asked questions
What is the interest rate for investment credit?
The interest rate for state investment credit in Vietnamese dong is 9.6% per annum.
What is the interest rate for export credit?
The interest rate for state export credit in Vietnamese dong is 7.2% per annum.
What is the post-investment interest rate differential support level?
The post-investment interest rate differential support level for projects borrowing in Vietnamese dong is 2.4% per annum.
When does the interest rate apply?
The interest rate for state investment credit and export credit shall be applied from the date this Circular takes effect.
How is the post-investment interest rate differential support level applied?
The post-investment interest rate differential support level shall be applied according to each repayment installment made by the project sponsor to the lending institution.
Full text
CIRCULAR
Regulations on interest rates for state investment credit and export credit and the level of interest rate differential to be calculated as post-investment support issuedThe State and the level of interest rate differential to be calculated as post-investment support
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Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 75/2011/NĐ-CP dated August 30, 2011 of the Government on state investment credit and export credit;
At the request of the Chairman of the Management Council of the Vietnam Development Bank as stated in Circular No. 91/HĐQL dated November 6, 2014 regarding the adjustment of interest rates for state investment credit and export credit;
At the proposal of the Director of the Department of Banking and Financial Institutions;
The Minister of Finance hereby promulgates this Circular stipulating the interest rates for state investment credit and export credit and the level of interest rate differential to be calculated as post-investment support.
Article 1. The interest rate for state investment credit in Vietnamese dong is 9.6% per annum.
Article 2. The interest rate for state export credit in Vietnamese dong is 7.2% per annum.
Article 3. The level of interest rate differential to be calculated as post-investment support for projects borrowing in Vietnamese dong is 2.4% per annum.
Article 4. The interest rates for state investment credit and export credit stipulated in Article 1 and Article 2 of this Circular shall apply to disbursements of investment credit and export credit loans from the date this Circular takes effect; the level of interest rate differential to be calculated as post-investment support stipulated in Article 3 of this Circular shall apply according to each repayment by the project sponsor to the financial institution from the date this Circular takes effect.
Article 5. Effectiveness
1. This Circular takes effect from the date of signature.
2. This Circular replaces Circular No. 108/2014/TT-BTC dated August 11, 2014 on the regulations of interest rates for state investment credit and export credit and the level of interest rate differential to be calculated as post-investment support.
3. The Management Council, General Director of the Vietnam Development Bank, sponsors of projects borrowing investment credit and export credit from the State, and related units are responsible for implementing the provisions of this Circular.
In the course of implementation, if there are difficulties, organizations and individuals are requested to promptly report to the Ministry of Finance for consideration and resolution./.
DEPUTY MINISTER
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