Decision No. 44/2004/QD-BTC stipulates that the interest rate for state investment credit loans is 6.6% per annum applicable to projects signing contracts for the first time from the date of effectiveness and remains unchanged throughout the loan period.
Scope of application
Project investors borrowing state investment credit loans, Development Support Fund, Heads of the Department of Banking and Financial Institutions Finance.
Key points
- who borrow state investment credit loans → shall be subject to an interest rate of 6.6% per annum for projects signing contracts for the first time from the date of effectiveness.
- Projects that have signed contracts with the Development Support Fund before this decision takes effect → shall implement according to the provisions of the signed credit contract.
- The interest rate remains unchanged throughout the loan period.
- This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
- The Chairman of the Management Board, General Director of the Development Support Fund, and project investors are responsible for implementing this Decision.
🌐 Social impact of this document
- Positive impact: Reduces borrowing costs for state investment development projects, helping to save the budget.
- Negative impact: A fixed interest rate may not be suitable for long-term economic fluctuations.
❓ Frequently asked questions
What is the interest rate for state investment credit loans?
The interest rate for state investment credit loans is 6.6% per annum.
When does this Decision apply?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
For how long is the interest rate kept unchanged during the loan period?
The interest rate remains unchanged throughout the loan period.
How are projects that signed contracts before this Decision takes effect handled?
Projects that have signed contracts with the Development Support Fund before this Decision takes effect shall implement according to the provisions of the signed credit contract.
Who is responsible for implementing this Decision?
The Chairman of the Management Board, General Director of the Development Support Fund, and project investors borrowing state investment credit loans are responsible for implementing this Decision.
Full text
Pursuant to …;
Regarding the interest rate for state investment credit loans
________________________
THE MINISTER OF FINANCE
On the basis of Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
On the basis of Decree No. 106/2004/ND-CP dated April 1, 2004 of the Government on state investment 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 loans is 6.6% per annum, applicable to projects signing credit contracts for the first time from the date this Decision takes effect and shall remain unchanged throughout the loan period.
Article 2. For projects that have signed contracts with the Development Support Fund before the date this Decision takes effect, they shall be implemented according to the provisions in the signed credit contracts.
Article 3. This Decision takes effect 15 days from the date of publication in the Official Gazette.
The Chairman of the Management Board, General Director of the Development Support Fund, and the project sponsors of state investment credit loans are responsible for implementing this Decision.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: