Decision No. 29/2004/QD-BTC stipulates the interest rate for the issuance of Government bonds round II in 2004 to invest in important transportation and water conservancy projects. The interest rate is determined for both Vietnamese dong-denominated and US dollar-denominated bonds with a term of five years.
Key points
- The interest rate for Government bonds round II (2004) issued in Vietnamese dong, with a term of five years, is 8.5% per annum.
- The interest rate for Government bonds round II (2004) issued in US dollars, with a term of five years, is 3.5% per annum.
- The Director General of the State Treasury guides the State Treasury units to organize the issuance of Government bonds according to the aforementioned interest rates.
🌐 Social impact of this document
- Enterprises and citizens can invest in Government bonds at the prescribed interest rates, helping to increase capital for important transportation and water conservancy projects.
- However, lower interest rates compared to the current financial market may reduce investors' income.
❓ Frequently asked questions
What is the interest rate for Government bonds round II in 2004?
The interest rate for Government bonds round II (2004) issued in Vietnamese dong, with a term of five years, is 8.5% per annum. The interest rate for Government bonds issued in US dollars, with a term of five years, is 3.5% per annum.
What responsibilities does the Director General of the State Treasury have?
The Director General of the State Treasury guides the State Treasury units to organize the issuance of Government bonds according to the prescribed interest rates.
When does this Decision take effect?
This Decision takes effect from the date of signing.
Who is responsible for implementing this Decision?
The Director General of the State Treasury, Heads of relevant units under and directly subordinate to the Ministry of Finance; Directors of Provincial Departments of Finance, State Treasuries of provinces and centrally-administered cities are responsible for implementing this Decision.
To which transportation and water conservancy projects does this Decision apply?
This Decision applies to the investment in some important transportation and water conservancy projects of the country.
Full text
Pursuant to …;
Regarding the interest rate for issuing government bonds in the second tranche (2004) to invest in certain important transportation and irrigation projects of the country
concerning certain important transportation and irrigation works of the country
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 Decision No. 182/2003/QD-TTg dated September 5, 2003 of the Prime Minister on the issuance of Government bonds for investment in certain important transportation and irrigation projects of the country;
Pursuant to the proposal of the Director General of the State Treasury and the Head of the Financial Institutions Department.
DECISION:
Article 1:- The interest rate for government bonds in the second tranche (2004) issued directly through State Treasury units to invest in certain important transportation and irrigation projects of the country shall be as follows:
- The interest rate for government bonds issued in Vietnamese currency with a term of 5 years is 8.5% per annum.
- The interest rate for government bonds issued in US dollars with a term of 5 years is 3.5% per annum.
Article 2:- The Director General of the State Treasury shall guide State Treasury units to organize and implement the issuance of government bonds at the above interest rate.
Article 3:-This Decision takes effect from the date of issuance. The Director General of the State Treasury, Heads of relevant units under and affiliated with the Ministry of Finance; Directors of Provincial and Municipal Departments of Finance, State Treasuries of provinces and centrally governed cities are responsible for implementing this Decision.
DEPUTY MINISTER
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