Decision No. 41/2001/QD-TTg On the State's credit investment capital plan for development in 2001

Pursuant to …;

Regarding the State's capital credit investment development plan for 2001

________________________

PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Considering the proposal of the Minister of Planning and Investment at Document No. 373/BKH/TH dated January 18, 2001, Document No. 1362 BKH/TH dated March 9, 2001, and Document No. 1551 BKH/TH dated March 19, 2001, and the proposals of the Development Support Fund at Document No. 05/HĐQL-KHNV dated February 5, 2001, and Document No. 319/HTPT-KHNV dated March 13, 2001.

Pursuant to …;

Article 1. The total capital credit for State investment development planned for 2001 is 25,000 billion VND, including:

1. Domestic capital mobilization: 15,200 billion VND.

- Borrowing from the Vietnam Social Security: 1,500 billion VND

- Mobilizing the Post Savings Fund: 1,400 billion VND

- Commercial banks mobilizing to lend ongoing projects currently borrowing from banks: 1,200 billion VND.

- Recovering loans from the Development Support Fund: 1,300 billion VND.

- The Development Support Fund coordinating with the Ministry of Finance and commercial banks to mobilize: 9,800 billion VND.

2. ODA loanable capital: 9,800 billion VND.

Article 2. The domestic capital mobilized will be used as follows:

1. By type of credit:

a) Project investment lending: 14,800 billion VND.

Where:

- New project group A loans in 2001: 2,000 billion VND.

- Strengthening irrigation canals and rural roads: 500 billion VND.

b) Investment credit guarantee: 300 billion VND.

c) Post-investment interest rate support: 100 billion VND.

2. By economic sector:

- Industry and construction: 60%.

- Agriculture, forestry, and fisheries: 15%.

- Transportation: 14%.

- Other sectors: 11%.

Article 3. Assigning the Ministries, agencies, provinces, centrally governed cities, and the Development Support Fund the list and amount of new project group A loans for 2001 for implementation in accordance with the Investment Management Regulation and the State's Capital Credit Investment Development Decree (list attached).

Article 4. Allocating 100 billion VND from the 700 billion VND source under the subsidized credit interest rate subsidy fund, which was approved by the National Assembly during its 8th session of the 10th term on November 28, 2000, Resolution No. 38/2000/QH10, for the Development Support Fund to implement post-investment interest rate support.

Article 5. The interest rate for borrowing from the Vietnam Social Security is 4.5% per annum, with a loan period of 7 years (including 3 years of grace period).

Article 6. This Decision shall take effect from the date of signing.

Article 7. The Ministers, Heads of ministerial-level agencies, Heads of government agencies, Chairmen of Provincial People's Committees, Chairmen of the Management Councils and General Directors of the Development Support Fund, Board Chairmen and General Directors of the Corporation 91 are responsible for implementing this Decision./.

ANNEX

LIST OF NEW GROUP A PROJECTS TO BE LAUNCHED IN 2001 WITH STATE CAPITAL CREDIT FOR INVESTMENT DEVELOPMENT
(Annexed to Decision No. 41/2001/QĐ-TTg

dated March 26, 2001 of the Government Prime Minister)

Unit: Billion VND