Decision No. 973/QD-TTg stipulates the policy of interest rate support for replacing agricultural and cargo vehicles beyond their service life in Northern mountainous provinces and Central Highlands. The policy applies to households owning vehicles banned from circulation or those wishing to purchase new vehicles. Commercial banks, Social Policy Banks, and People's Credit Funds shall implement credit mechanisms with a maximum loan amount of 70% of the value of new vehicles and an interest rate support period not exceeding three years.
适用范围
Households owning agricultural vehicles banned from circulation, owners of cargo vehicles beyond their service life banned from circulation, and households requiring new vehicles for production and business purposes.
要点
- Households owning agricultural vehicles banned from circulation or cargo vehicles beyond their service life banned from circulation will be supported with loans up to a maximum of 70% of the value of new vehicles, with a term not exceeding three years.
- Joint Stock Company TMT Auto will pilot the replacement of vehicles under this Project.
- Commercial banks, Social Policy Banks, and Central People's Credit Funds will implement the credit mechanism under this Project.
- The State supports through subsidizing the difference between commercial lending rates and designated rates for households wishing to purchase new vehicles.
- For poor households borrowing at poverty lending rates, others will borrow at rates equal to the lending rates for households engaged in production and business activities in difficult areas.
🌐 本文件的社会影响
- Positive impact: Supporting people to replace old vehicles, enhancing traffic safety, and protecting the environment.
- Negative impact: Borrowing costs may create financial pressure on households.
❓ 常见问题
Which households benefit from the support policy?
Households owning agricultural vehicles banned from circulation or cargo vehicles beyond their service life banned from circulation, and households requiring new vehicles for production and business purposes.
What is the maximum loan amount?
Financial institutions provide loans for the difference between the price of new vehicles and the price of old vehicles purchased back or up to a maximum of 70% of the value of new vehicles.
How long is the interest rate support period?
According to the actual loan period but not exceeding three years.
How does the State support?
The State supports through subsidizing the difference between commercial lending rates and designated rates for households wishing to purchase new vehicles.
What are the lending rates?
Poor households will borrow at poverty lending rates, while others will borrow at rates equal to the lending rates for households engaged in production and business activities in difficult areas.
全文
Pursuant to …;
On Supporting Interest Rates for Replacing Old Agricultural and Transport Vehicles Beyond Their Service Life
in Northern Mountainous Provinces and Central Highlands
__________________________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Decree No. 23/2004/NĐ-CP dated January 13, 2004 of the Government on the service life of trucks and passenger cars, and Directive No. 46/CT-TTg dated December 19, 2004 of the Prime Minister on the management of agricultural and transport vehicles participating in road traffic.
Considering the proposal of Vietnam Automobile Industry Corporation (document No. 82/ĐTPT dated February 18, 2007) and the opinions of the Ministry of Finance (documents No. 6498/BTC-TCNH dated May 17, 2007 and No. 9856/BTC-TCNH dated July 24, 2007), the Ministry of Industry (document No. 1571/BCN-TCKT dated April 12, 2007), the Ministry of Transport (document No. 1775/BGTVT-TC dated April 6, 2007), and the Ministry of Science and Technology (document No. 863/BKHCN-KHTC dated April 13, 2007),
DECISION:
Article 1. Implementing interest rate support for replacing old agricultural and transport vehicles beyond their service life in Northern Mountainous Provinces and Central Highlands with the following contents:
1. Subjects eligible for support policy:
a) Households that are owners of agricultural vehicles prohibited from circulation according to Directive No. 46/CT-TTg dated December 19, 2004 of the Prime Minister on the management of agricultural and transport vehicles participating in road traffic and Resolution No. 32/2007/NQ-CP dated June 29, 2007 of the Government on urgent measures to control traffic accidents and congestion; owners of trucks beyond their service life prohibited from circulation according to the provisions of Decree No. 23/2004/NĐ-CP dated January 13, 2004 of the Government on the service life of trucks and passenger cars;
b) Households with the need to purchase new vehicles for production and business purposes.
2. Pilot implementing units:
a) TMT Joint Stock Company under Vietnam Automobile Industry Corporation shall be the pilot unit to implement vehicle replacement according to this Project;
b) Commercial Banks, Social Policy Banks, and Central Credit Cooperatives shall implement credit mechanisms in this Project.
3. Regarding the implementation area:
Initially, from now until the end of 2010, pilot implementation will take place in provinces in the Central Highlands and Northern Mountainous regions, followed by evaluation and reporting.
4. Regarding the support policy:
a) Regarding the loan amount: financial institutions shall provide loans for the difference between the price of a new vehicle and the price of an old vehicle purchased or up to a maximum of 70% of the value of a new vehicle. Each household shall be supported to borrow funds to purchase one new domestically produced or assembled vehicle.
b) Regarding the period of interest rate support for loans: based on the actual loan period but not exceeding three years at most.
c) Regarding the support method: the State shall support households through subsidizing the difference between commercial loan interest rates and designated loan interest rates for financial institutions providing loans to households with the need to purchase new vehicles for production and business plans, specifically:
- Households classified as poor shall borrow funds at the current poverty loan interest rate as stipulated by law;
- Other households shall borrow funds from financial institutions at the interest rate for households engaged in production and business activities in difficult areas as issued by Decision No. 31/2007/QĐ-TTg dated March 5, 2007.
Article 2. Implementation:
1. The Ministry of Transport shall lead and coordinate with relevant ministries and sectors to direct localities to effectively implement Directive No. 46/CT-TTg dated December 19, 2004 of the Prime Minister on the management of agricultural and transport vehicles participating in road traffic and Decree No. 23/2004/NĐ-CP dated January 13, 2004 of the Government on the service life of trucks and passenger cars; simultaneously coordinating with relevant ministries and sectors to direct domestic automobile manufacturing and assembly enterprises to ensure sufficient supply of trucks meeting safety technical conditions, quality standards, and environmental protection regulations as required for replacing old agricultural and transport vehicles beyond their service life.
2. The Ministry of Finance shall lead and coordinate with responsible agencies to guide commercial banks, social policy banks, and central credit cooperatives in preparing documents and implementing subsidies for the difference between commercial loan interest rates and the interest rate specified in Clause 4, Article 1 of this Decision.
3. The State Bank of Vietnam shall direct commercial banks, social policy banks, and central credit cooperatives to lend funds to households according to the provisions of Article 1 of this Decision.
4. Commercial banks, social policy banks, and central credit cooperatives shall be responsible for reviewing, considering, and deciding on lending according to the regulations; monitoring and supervising households' proper use of borrowed funds.
Article 3. This Decision takes effect from the date of signature.
Article 4. The Ministers of Finance, Transport, Industry, Science and Technology; the Governor of the State Bank of Vietnam; the General Directors of commercial banks; and the Chairpersons of People's Committees of related provinces are responsible for enforcing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
关系图
点击文件即可打开。红色边框＝改变效力的关系。
译本
本文件提供以下语言版本：