Decision No. 490/2000/QĐ-TTg stipulates the interest rate for investment credit loans to be applied from January 1, 2000. New projects will be subject to Decision No. 175/QĐ-TTg, while existing debts will retain their original interest rates.
Scope of application
The State, Ministers, Heads of Ministries equivalent to ministries, Heads of government agencies, Chairmen of provincial People's Committees under the central government, and related credit organizations.
Key points
- The State shall apply the interest rate according to Decision No. 175/QĐ-TTg from January 1, 2000 for new projects being disbursed.
- The State shall not change the loan interest rate for outstanding debts as of December 31, 1999 according to signed credit contracts.
🌐 Social impact of this document
- Positive impact: Helps ensure stability in investment credit lending, avoiding sudden interest rate fluctuations.
- Negative impact: May cause difficulties for ongoing projects without appropriate financial planning.
❓ Frequently asked questions
How will new projects disbursed from January 1, 2000 be subject to interest rates?
New projects disbursed from January 1, 2000 will be subject to the interest rate specified in Decision No. 175/QĐ-TTg.
What is the interest rate for old outstanding debts as of December 31, 1999?
The interest rate for old outstanding debts as of December 31, 1999 will remain unchanged according to signed credit contracts.
When does this decision take effect?
This decision takes effect from the date of issuance.
Which entities are responsible for implementing this decision?
Ministers, Heads of ministries equivalent to ministries, Heads of government agencies, and Chairmen of provincial People's Committees under the central government.
To which projects does this decision apply?
This decision applies to state investment credit loan projects (including ongoing loan projects).
Full text
DECISION
On the interest rate for credit loans for investment development
THE PRIME MINISTER
Pursuant to the Law on the Organization of the Government dated September 30, 1992;
At the request of the Development Support Fund as stated in Circular No. 292/HTPT-KHNV dated March 22, 2000, and the State Bank of Vietnam as stated in Circular No. 374/TT-NHNN1 dated May 4, 2000,
Pursuant to …;
Article 1. Projects borrowing state credit investment funds (including ongoing loan projects) disbursed from January 1, 2000 shall apply the interest rate specified in Article 1 of Decision No. 175/QĐ-TTg dated March 2, 2000 of the Government Prime Minister. The outstanding debt balance as of December 31, 1999 shall retain the interest rate stipulated in the signed credit contract.
Article 2. This Decision takes effect from the date of signature.
Ministers, Heads of ministerial-level agencies, Heads of government agencies, and Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision.
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DEPUTY PRIME MINISTER |
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