Decision No. 312/2003/QD-NHNN on amending and supplementing Clause a, Point 2 of Circular No. 03/2003/TT-NHNN dated February 24, 2003 guiding unsecured loans according to Resolution No. 02/2003/NQ-CP dated January 17, 2003 of the Government.

Pursuant to …;

OF THE GOVERNOR OF THE STATE BANK OF VIETNAM YEAR

Regarding the amendment and supplementation of paragraph a, point 2 of Circular No. 03/2003/TT-NHNN dated February 24, 2003 24/02/2003 guiding the provision of loans without collateral according to Resolution No. 02/2003/NQ-CP dated January 17, 2003 17/01/2003 of the Government

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated December 12, 1997 Male and the Law on Credit Institutions of December 12, 1997;

Pursuant to Decree No. 86/2002/ND-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;

Pursuant to the proposal of the Director of the Monetary Policy Department,

DECISION:

Article 1. Amending and supplementing paragraph a of point 2 of Circular No. 03/2003/TT-NHNN dated February 24, 2003 of the Governor of the State Bank of Vietnam guiding the provision of loans without collateral according to Resolution No. 02/2003/NQ-CP dated January 17, 2003 of the Government as follows:

"a. For farming households, farm owners engaged in agricultural, forestry, fishery, salt production activities with a commercial nature, having investment projects and feasible production and business plans, located in areas that have been planned and invested in infrastructure, and have signed product sales contracts with enterprises or cooperatives, or have not signed such contracts but the products mentioned in their investment projects and production and business plans have market potential, credit organizations shall consider providing loans up to thirty million dong without applying collateral measures, only requiring submission of land use right certificates or confirmation letters from the People's Committees of communes, wards, or towns regarding the absence of land disputes."

Article 2. This Decision shall take effect fifteen days after its publication in the Official Gazette.

Article 3. Heads of units under the State Bank of Vietnam, Governors of the State Bank of Vietnam Branches in provinces and centrally governed cities, Boards of Directors and General Managers (Directors) of credit institutions are responsible for implementing this Decision.