Circular No. 37/2016/TT-BTC on interest rates for loans from the Small and Medium Enterprise Development Fund

CIRCULAR

REGULATIONS ON INTEREST RATES FOR LOANS FROM THE SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND

Pursuant to DecreeNo. DECREE NO. 215/2013/NĐ-CP dated December 23, 2013 of the Government on functions, tasks, powers, and organizational structureof the Government stipulating functions, tasks, powers, and organizational structure of the Ministry of Home Affairs4. The list, format, and explanation of methods for preparing mandatory accounting vouchers are specified in Appendix 01 "Mandatory Accounting Voucher System" attached to this Circular. For economic transactions that have not been covered by the vouchers specified in Appendix 01, the unit must prepare accounting vouchers that meet at least seven contents stipulated in Article 16 of the Accounting Law 2015."b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."c) Supplementing point c of Clause 3 as follows:

Pursuant to DecreeNo. DECREE NO. 56/2009/NĐ-CP dated April 17, 2013 of the Government on assistance to small and medium enterprises;

Article 1. Amending some articles of Circular No. 17/2012/TT-BYT dated October 24, 2012 issued by the Minister of Health on the issue and use of the Birth Certificate.No. DECISION NO. 601/QĐ-TTg dated April 17, 2013 of the Prime Minister"b) In addition to the lists of public services issued according to the provisions of Clause 2, Article 4 of this Decree, specialized agencies under provincial People's Committees shall report to the provincial People's Committee for decision-making on amending, supplementing, or issuing the list of public services funded by the state budget within their jurisdiction and consistent with the local budget capacity within the approved budget by the Provincial People's Assembly, and send it to the Ministry of Finance and relevant ministries and sectors for supervision during implementation."pher on the establishment of the Small and Medium Enterprises Development Fund;From 100 million VND to less than 300 million VNDment of small and medium enterprises;

At the proposal of the Director of the Department of Banking and Financial Institutions;

THE MINISTER OF FINANCE ISSUES THIS CIRCULAR TO REGULATE THE INTEREST RATES FOR LOANS FROM THE SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND.

Article 1.

1. THE INTEREST RATE FOR SHORT-TERM LOANS WITH A LOAN PERIOD UNDER ONE (1) YEAR (EXCLUDING WORKING CAPITAL) IS 5.5% PER ANNUM.

2. THE INTEREST RATE FOR MEDIUM-TERM AND LONG-TERM LOANS IS 7.0% PER ANNUM.

Article 2.

Article 3.

1. THIS CIRCULAR SHALL TAKE EFFECT FROM APRIL 15, 2016.

2. THE MANAGEMENT BOARD, DIRECTOR OF THE SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND, PRINCIPAL INVESTORS OF PROJECTS AND BUSINESS PLANS BORROWING FUNDS FROM THE SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND, AND ASSOCIATED UNITS SHALL BE 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./.