Decision No. 58/2001/QD-TTg stipulates the level of post-investment interest rate support for projects borrowing credit for state investment development, applicable from 2001. The level of interest rate support is determined based on the ratio of the state's investment credit interest rate and the loan period.
适用范围
Investment projects borrowing credit for state investment development include both loans in Vietnamese dong and foreign currency.
要点
- For loans in Vietnamese dong: The annual level of post-investment interest rate support is calculated by multiplying the principal debt due for repayment within the year by 50% of the state's investment credit interest rate, and then by the actual loan period (converted to years).
- For projects borrowing foreign currency: The level of post-investment interest rate support is calculated similarly to loans in Vietnamese dong, but the interest rate for foreign currency loans used to support post-investment interest rates is 70% of the foreign currency loan interest rate of financial institutions.
- The maximum duration of post-investment interest rate support equals the duration specified for state investment development credit borrowing projects.
- This decision takes effect from the date of signing and applies to projects that have been approved by the Development Support Fund for post-investment interest rate support before the decision takes effect.
- The Ministry of Finance shall coordinate with the Development Support Fund to guide the implementation of this decision.
🌐 本文件的社会影响
- Positive impact: Helps reduce the financial burden for investment projects, encourages enterprises and individuals to participate in investment.
- Negative impact: May increase management costs for the Development Support Fund and financial institutions.
❓ 常见问题
What is the level of post-investment interest rate support?
The level of post-investment interest rate support is determined by multiplying the principal debt due for repayment within the year by 50% of the state's investment credit interest rate, and then by the actual loan period (converted to years).
What is the maximum duration of post-investment interest rate support?
The maximum duration of post-investment interest rate support equals the duration specified for state investment development credit borrowing projects.
How is the foreign currency loan interest rate determined?
The foreign currency loan interest rate used to support post-investment interest rates is 70% of the foreign currency loan interest rate of financial institutions.
When does this decision apply?
This decision takes effect from the date of signing and applies to projects that have been approved by the Development Support Fund for post-investment interest rate support before the decision takes effect.
Who is responsible for implementing this decision?
The Minister of Finance, Heads of Ministries equivalent to Ministries, Heads of Government Agencies, Chairpersons of People's Committees of provinces and centrally governed cities, and the General Director of the Development Support Fund are responsible for implementing this decision.
全文
Pursuant to …;
On Supporting Post-Investment Interest Rates
___________
Pursuant to the Law on Government Organization dated September 30, 1992;
Pursuant to Resolution No. 11/2000/NQ-CP dated July 31, 2000 of the Government on certain measures for managing the economic and social development plan in the last six months of 2000;
Pursuant to Decree No. 43/1999/NĐ-CP dated June 29, 1999 of the Government on State Investment Development Credit;
At the proposal of the Minister of Finance,
DECISION:
Article 1. The level of post-investment interest rate support shall be determined as follows:
1. For loans denominated in Vietnamese dong, the annual level of post-investment interest rate support for projects shall be calculated by multiplying the principal debt due for repayment within the year with 50% of the state investment development credit interest rate, and then multiplying this result by the actual loan period (converted into years) for the principal amount eligible for interest rate support.
The maximum duration of post-investment interest rate support shall be equal to the duration specified for the project's state investment development credit.
2. For projects financed with foreign currency loans, the level of post-investment interest rate support shall be determined as follows:
- The level of post-investment interest rate support shall be calculated according to Clause 1 of Article 1 of this Decision,
- The interest rate for foreign currency loans used to support post-investment interest rates shall be set at 70% of the foreign currency loan interest rate charged by financial institutions;
- The maximum foreign currency loan interest rate of financial institutions used to consider post-investment interest rate support shall not exceed the foreign currency loan interest rate published by the State Bank of Vietnam at the time of borrowing.
Article 2. This Decision takes effect from the date of signature.
Projects that have been approved by the Development Support Fund for post-investment interest rate support before the effective date of this Decision shall also apply the provisions of this Decision for calculating the level of post-investment interest rate support from 2001 onwards.
The Minister of Finance shall coordinate with the Development Support Fund to guide the implementation of this Decision.
Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial/municipal People's Committees directly under the central government, and General Directors of the Development Support Fund are responsible for implementing this Decision.
VICE-PRESIDENT OF THE GOVERNMENT
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