Thông tư 37/2016/TT-BTC

CIRCULAR

LOAN INTEREST RATE FOR LOANS FROM THE SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND

Pursuant to the Government’s Decree No. 215/2013/ND-CP dated 23 December 2013 on functions, missions, authority and organizational structure of the Ministry of Finance;

Pursuant to the Government's Decree No. 56/2009/ND-CP dated 17 April 2013 on supports for small and medium enterprises;

For enforcement of the Prime Minister’s Decision No. 601/QD-TTg dated 17 April 2013 on the establishment of the Small and Medium Enterprises Development Fund;

At the request of the Head of the Department of Banking and Financial institutions,

Minister of Finance issues the Circular on the interest rate for loans from the Small and medium enterprises development fund.

Article 1. The following interest rate shall apply to loans in Vietnam dong (VND) from the Small and medium enterprises development fund, which was established according to the Prime Minister's Decision No. 601/QD-TTg dated 17 April 2013:

1. The interest rate for short-term loans whose duration lasts in less than 01 (one) year (not including working capital loans) shall be 5.5% per year.

2. The interest rate for medium-term and long-term loans shall be 7.0% per year.

Article 2. The rates of interest as defined in Article 1 of this Circular shall apply to loans disbursed to small and medium enterprises from the date that this Circular comes into force.

Article 3. Effect

1. This Circular comes into force as of 15 April 2016.

2. Management Board and Director of the Small and medium enterprises development fund, investors of projects and ventures that receive loans from the Small and medium enterprises fund and organizations concerned shall be responsible for enforcing this Circular.

Difficulties that arise during the implementation of this Circular shall be reported to the Ministry of Finance for consideration and settlement./.