This Circular stipulates the interest rates for state investment credit loans and export credit loans, as well as the level of interest rate differential to be supported post-investment. The interest rates shall apply from February 1, 2011.
适用范围
Projects borrowing investment credit and export credit loans from the State, investors of these projects, the Vietnam Development Bank, and related units.
要点
- Investment credit and export credit loans from the State shall be subject to interest rates of 11.4% per annum in Vietnamese dong and 6.6% per annum in freely convertible foreign currency (Article 1, Article 2).
- The level of interest rate differential for post-investment support for projects borrowing in Vietnamese dong is 2.4% per annum, and for projects borrowing in foreign currency is 0.8% per annum (Article 3).
- Interest rates and levels of interest rate differential shall apply to projects signing contracts for the first time from the date this Circular takes effect (Article 4).
- This Circular shall take effect from February 1, 2011, replacing Decision No. 3280/QĐ-BTC of the Minister of Finance (Article 5).
- Relevant organizations and individuals are responsible for implementing this Circular. Any difficulties encountered during implementation should be promptly reported to the Ministry of Finance for consideration and resolution (Article 5).
🌐 本文件的社会影响
- Positive impact: Reducing financial burdens for investment and export projects through the regulation of interest rates and levels of interest rate differential for support.
- Negative impact: It may cause difficulties in managing capital and calculating costs for borrowing enterprises.
❓ 常见问题
What is the interest rate for investment credit loans in Vietnamese dong?
The interest rate for investment credit loans in Vietnamese dong is 11.4% per annum (Article 1).
What is the level of interest rate differential for post-investment support for projects borrowing in foreign currency?
The level of interest rate differential for post-investment support for projects borrowing in foreign currency is 0.8% per annum (Article 3).
When does this Circular apply to projects signing contracts?
This Circular applies to projects signing contracts for the first time from the date it takes effect, specifically from February 1, 2011 (Article 4).
What is the interest rate for export credit loans in freely convertible foreign currency?
The interest rate for export credit loans in freely convertible foreign currency is 6.6% per annum (Article 2).
Which regulation of the Ministry of Finance does this Circular replace?
This Circular replaces Decision No. 3280/QĐ-BTC dated December 25, 2009, of the Minister of Finance on the interest rates for state investment credit loans and export credit loans, as well as the level of interest rate differential to be calculated for post-investment support (Article 5).
全文
CIRCULAR
Regarding the interest rate for investment credit loans and export credit loans of
The State and the level of interest rate differential to be calculated as post-investment support
__________________________
Pursuant to 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;
Pursuant to Decree No. 151/2006/NĐ-CP dated December 20, 2006 of the Government on state investment credit and export credit;
Pursuant to Decree No. 106/2008/NĐ-CP dated September 19, 2008 of the Government amending and supplementing certain Articles of Decree No. 151/2006/NĐ-CP of the Government on state investment credit and export credit;
Pursuant to Circular No. 69/2007/TT-BTC dated June 25, 2007 of the Ministry of Finance guiding certain provisions of Decree No. 151/2006/NĐ-CP dated December 20, 2006 of the Government on state investment credit and export credit;
The Ministry of Finance stipulates the interest rate for state investment credit loans and export credit loans and the interest rate differential calculated for post-investment support as follows:
Article 1. The interest rate for state investment credit loans in Vietnamese dong is 11.4% per annum, and in freely convertible foreign currency is 6.6% per annum.
Article 2. The interest rate for state export credit loans in Vietnamese dong is 11.4% per annum, and in freely convertible foreign currency is 6.6% per annum.
Article 3. The interest rate differential calculated for post-investment support for projects borrowing in Vietnamese dong is 2.4% per annum, and for projects borrowing in foreign currency is 0.8% per annum.
Article 4. The interest rate for state investment credit loans and export credit loans and the interest rate differential calculated for post-investment support shall apply to projects signing contracts for the first time from the date this Circular takes effect.
Article 5. This Circular takes effect from February 1, 2011, and replaces Decision No. 3280/QĐ-BTC dated December 25, 2009 of the Minister of Finance on the interest rate for state investment credit loans and export credit loans and the interest rate differential calculated for post-investment support.
The Management Council, General Director of the Vietnam Development Bank, project sponsors of state investment credit and export credit loan projects, 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.
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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