Decision No. 3280/QD-BTC On announcing the interest rates for state investment credit loans and export credit loans and the differential interest rate to be calculated for post-investment support

Pursuant to …;

REGARDING THE ANNOUNCEMENT OF INTEREST RATES FOR STATE INVESTMENT CREDIT AND EXPORT CREDIT AND THE LEVEL OF INTEREST RATE DIFFERENTIALS TO BE SUBSIDIZED AFTER INVESTMENT

THE MINISTER OF FINANCE

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/ND-CP dated December 20, 2006 of the Government on state investment credit and export credit;
Pursuant to Decree No. 106/2008/ND-CP dated September 19, 2008 of the Government amending and supplementing certain Articles of Decree No. 151/2006/ND-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/ND-CP dated December 20, 2006 of the Government on state investment credit and export credit;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,

DECISION:

Article 1. The interest rate for state investment credit in Vietnamese dong is 9.6% per annum, and in freely convertible foreign currency is 6.0% per annum.

Article 2. The interest rate for state export credit in Vietnamese dong is 9.6% per annum, and in freely convertible foreign currency is 6.0% per annum.

Article 3. The level of interest rate differential to be subsidized after investment for projects borrowing in Vietnamese dong is 2.2% per annum, and for projects borrowing in foreign currency is 0.7% per annum.

Article 4. The interest rates for state investment credit and export credit and the level of interest rate differentials to be subsidized after investment shall apply to projects signing contracts for the first time from the date this Decision takes effect.

Article 5. This Decision takes effect from January 1, 2010 and replaces Decision No. 291/QD-BTC dated February 12, 2009 of the Minister of Finance on interest rates for state investment credit and export credit and the level of interest rate differentials to be subsidized after investment.

The Chairman of the Management Council, General Director of the Vietnam Development Bank, and the project sponsors of state investment credit and export credit projects are responsible for implementing this Decision.