Circular No. 20/2010/TT-NHNN guides the measures for managing monetary policy tools to support credit institutions in providing loans for rural and agricultural development. This Circular applies to the State Bank of Vietnam and credit institutions.
适用范围
The State Bank of Vietnam; Credit institutions (excluding grassroots credit funds).
要点
- The State Bank of Vietnam applies a lower reserve requirement ratio for credit institutions with high outstanding loan balances for rural and agricultural development. The specific reserve requirement ratio is determined based on the proportion of outstanding loans.
- The total annual money supply for refinancing credit institutions providing loans for rural and agricultural development is prioritized in terms of time frame and funding sources compared to other sectors.
- Credit institutions must comply with legal regulations and report complete and timely data on lending situations for rural and agricultural areas.
- To compile and announce the list of credit institutions eligible for a lower reserve requirement ratio, the Department of Credit will submit it to the Governor of the State Bank of Vietnam for approval.
- This Circular takes effect from the date of issuance.
🌐 本文件的社会影响
- Positive impact: Reduces the burden of working capital for credit institutions, increasing their ability to provide loans for rural and agricultural development.
- Negative impact: May reduce the reserve requirement ratio for some commercial banks, affecting financial system stability.
❓ 常见问题
How do credit institutions qualify for a lower reserve requirement ratio?
For credit institutions with outstanding loans for rural and agricultural development accounting for 70% or more of the average total outstanding loans, the reserve requirement ratio for Vietnamese dong deposits is set at half of the standard reserve requirement ratio. For credit institutions with a proportion between 40% and less than 70%, the reserve requirement ratio is set at one-fifth of the standard reserve requirement ratio.
How is the annual total money supply for refinancing rural and agricultural areas prioritized?
Refinancing loans for the rural and agricultural sector are prioritized by the State Bank of Vietnam in terms of time frame and funding sources compared to other sectors.
What actions must credit institutions take according to this Circular?
Credit institutions must comply with legal regulations, report complete and timely data on lending situations for rural and agricultural areas, and use supported funds for the intended purpose of providing loans for rural and agricultural development.
Who is responsible for implementing this Circular?
The Director of the Office, Heads of the Monetary Policy Department and other units under the State Bank of Vietnam, Governors of the State Bank of Vietnam branches in provinces and centrally-administered cities; Chairmen of the Board of Directors and General Managers (Directors) of credit institutions are responsible for enforcing this Circular.
When does this Circular take effect?
This Circular takes effect from the date of issuance.
全文
CIRCULAR
Guidelines for Implementing Measures to Manage Monetary Policy Instruments to Support Credit Institutions in Providing Loans for Agricultural and Rural Development
To support credit institutions in providing loans for agricultural and rural development
_________________________________
Pursuant to the Law on the State Bank of Vietnam 1997 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003; the Law on Credit Institutions 1997 and the Law Amending and Supplementing Certain Provisions of the Law on Credit Institutions 2004;
Pursuant to Decree No. 96/2008/NĐ-CP dated August 26, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;
Pursuant to the Government Decree No. 41/2010/NĐ-CP dated April 12, 2010 on credit policies to serve agricultural and rural development;
The State Bank guides the implementation of measures to manage monetary policy instruments to support credit institutions in providing loans for agricultural and rural development as follows:
Article 1. The State Bank will provide capital support for credit institutions (excluding grassroots People's Credit Funds) in lending to agriculture and rural areas through the following monetary policy management tools:
1. Applying a lower reserve requirement ratio for Vietnamese dong deposits compared to the usual reserve requirement ratio (which applies to state-owned commercial banks excluding the Vietnam Agriculture and Rural Development Bank, joint-stock commercial banks, joint venture banks, foreign bank branches, wholly foreign-owned banks, and finance companies) and applying it from the October 2010 reserve maintenance period, specifically as follows:
a) For credit institutions with a loan portfolio ratio for agricultural and rural development over 70% of the average total loan balance at the end of each quarter in the immediately preceding fiscal year: The reserve requirement ratio for Vietnamese dong deposits shall be one-twentieth (one part in twenty) of the usual reserve requirement ratio corresponding to each deposit term.
b) For credit institutions with a loan portfolio ratio for agricultural and rural development between 40% and less than 70% of the average total loan balance at the end of each quarter in the immediately preceding fiscal year: The reserve requirement ratio for Vietnamese dong deposits shall be one-fifth (one part in five) of the usual reserve requirement ratio corresponding to each deposit term.
2. Allocating annual funds for refinancing credit institutions providing loans for agricultural and rural development in accordance with the monetary policy objectives and measures. Refinancing loans for the agricultural and rural sector shall be prioritized regarding terms and funding sources compared to other sectors.
3. Implementing other supportive measures as decided by the Governor of the State Bank.
Article 2. Responsibilities of credit institutions and units under the State Bank
1. Responsibilities of credit institutions:
a) Comply with legal regulations and guidelines issued by the State Bank of Vietnam on credit policies to serve agricultural and rural development.
b) Report complete and timely data on lending to agriculture and rural areas as stipulated by the State Bank. Bear responsibility for the accuracy and legality of reported data on credit serving agricultural and rural development to implement Article 1 of this Circular.
c) Use supported capital for its intended purpose to provide loans for agricultural and rural development.
2. Responsibilities of units under the State Bank:
a) The Credit Department shall submit to the Governor of the State Bank for approval and notification of the list of credit institutions eligible for the provisions of Clause 1, Article 1 of this Circular to the Trading Center and related units under the State Bank, provincial and municipal branches of the State Bank, and credit institutions for implementation.
b) Other units under the State Bank, within their assigned functions and tasks, shall carry out work related to managing monetary policy as prescribed in Article 1 of this Circular.
Article 3. Implementation
1. This Circular takes effect from the date of signature.
2. Provisions contrary to this Circular cease to be effective.
3. The Director of the Office, Heads of the Monetary Policy Department and other units under the State Bank, Governors of provincial and municipal branches of the State Bank; Chairmen of the Board of Directors and General Managers (Directors) of credit institutions are responsible for implementing this Circular./.
DEPUTY DIRECTOR
原始文件（PDF）
关系图
点击文件即可打开。红色边框＝改变效力的关系。
译本
本文件提供以下语言版本：