Decision No. 52/2008/QD-BTC announces the interest rates for state investment credit and export credit, along with the level of interest rate differential for post-investment support. The interest rates apply to specific projects in economically and socially disadvantaged areas.
要点
- The State shall be granted investment credit at an interest rate of 12.0% per annum (Vietnamese dong) and 7.8% per annum (freely convertible foreign currency), reduced to 11.4% per annum (Vietnamese dong) and 7.2% per annum (foreign currency) for projects in difficult areas.
- The State shall be granted export credit at an interest rate of 14.4% per annum (Vietnamese dong) and 7.8% per annum (freely convertible foreign currency).
- For projects borrowing in Vietnamese dong, the interest rate differential for post-investment support is 3.9% per annum.
- For projects borrowing in foreign currency, the interest rate differential for post-investment support is 0.96% per annum.
🌐 本文件的社会影响
- People and businesses in difficult areas will benefit from lower investment credit interest rates, helping to reduce borrowing costs.
- Export enterprises can save on borrowing costs when borrowing from the State at interest rates higher than the market.
❓ 常见问题
What is the interest rate for state investment credit?
The interest rate for state investment credit in Vietnamese dong is 12.0% per annum and in freely convertible foreign currency is 7.8% per annum. For projects in difficult areas, the interest rate is reduced to 11.4% per annum (Vietnamese dong) and 7.2% per annum (foreign currency).
What is the interest rate for state export credit?
The interest rate for state export credit in Vietnamese dong is 14.4% per annum and in freely convertible foreign currency is 7.8% per annum.
What is the level of interest rate differential for post-investment support?
The level of interest rate differential for post-investment support for projects borrowing in Vietnamese dong is 3.9% per annum and for projects borrowing in foreign currency is 0.96% per annum.
To which projects does this decision apply?
This decision applies to projects for economic and social infrastructure construction; agricultural and rural development projects; and investment projects in areas with economically and socially disadvantaged conditions, particularly extremely difficult conditions.
When does this decision take effect?
This decision takes effect 15 days after its publication in the Official Gazette and replaces previous Decisions.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 52/2008/QD-BTC |
Hanoi, July 14, 2008 |
Pursuant to …;
Regarding the announcement of interest rates for state investment credit and export credit and the level of interest rate differential to be calculated as post-investment support
THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government on 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 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 Banking and Financial Institutions' Finance;
DECISION:
Article 1. Interest rate for state investment credit.
1. The interest rate for state investment credit in Vietnamese dong is 12.0% per annum, and in convertible foreign currency is 7.8% per annum.
2. For projects constructing economic and social infrastructure; agricultural development and rural development projects; investment projects in areas with difficult socio-economic conditions, particularly extremely difficult conditions; projects in areas where the Khmer ethnic group resides concentratedly, villages under Program 135, and border villages under Program 120, and coastal villages, the interest rate for state investment credit in Vietnamese dong is 11.4% per annum, and in convertible foreign currency is 7.2% per annum.
Article 2. The interest rate for state export credit in Vietnamese dong is 14.4% per annum, and in convertible foreign currency is 7.8% per annum.
Article 3. The level of interest rate differential to be calculated as post-investment support for projects borrowing in Vietnamese dong is 3.9% per annum, and for projects borrowing in convertible foreign currency is 0.96% per annum.
Article 4. This Decision takes effect 15 days from the date of publication in the Official Gazette and replaces Decision No. 44/2008/QD-BTC dated June 26, 2008, Decision No. 06/2008/QD-BTC dated January 29, 2008, and Decision No. 75/2007/QD-BTC dated August 30, 2007 of the Minister of Finance on the interest rate for state investment credit and export credit and the level of interest rate differential to be calculated as post-investment support.
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./.
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DEPUTY MINISTER |
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