Thông tư 189/2014/TT-BTC

CIRCULAR

PROVIDING FOR INTEREST RATE OF STATE INVESTMENT, EXPORT LOANS AND THE DIFFERENCE THAT ENABLES DEBTORS TO BE ENTITLED TO PREFERENTIAL INTEREST RATE AT THE POST-INVESTMENT STAGE

Pursuant to the Government’s Decree No. 215/2013/ND-CP dated December 23, 2013 on regulating the functions, duties, powers and organization structure of the Ministry of Finance;

Pursuant to the Government’s Decree No.75/2011/ND-CP dated August 30, 2011 on state investment and export loans;

At the request of the Chairperson of the Management Council for Vietnam Development Bank made in the official dispatch No. 91/HDQL dated November 11, 2014 on regulating adjustment to the interest rate of state investment and export loans; 

At the request of the Director of Financial Affairs of banks and credit institutions;

The Minister of Finance hereby promulgates the Circular on providing for interest rate of investment, export loans and the difference that enables debtors to be entitled to preferential interest rate at the post-investment stage.

Article 1. Interest rate of state investment loans in Vietnamese dong shall equal 9.6%/year.

Article 2. Interest rate of state investment loans in Vietnamese dong shall equal 7.2%/year.

Article 3. The difference that enables debtors to be entitled to preferential interest rate at the post-investment stage of their projects funded by these loans in Vietnamese dong shall equal 2.4%/year.   

Article 4. Interest rate of state investment, export loans, stipulated in Article 1, 2 hereof, shall be applied to amounts of state investment, export loans disbursed as from the effective date of this Circular; Difference that enables debtors to be entitled to preferential interest rate at the post-investment stage, stipulated in Article 3 hereof, shall be applied to each installment on the loan repaid by the project owner to credit institutions as from the effective date of this Circular. 

Article 5. Effect

1. This Circular shall come into force from the signing date.

2. This Circular shall replace the Circular No. 108/2014/TT-BTC dated August 11, 2013 on providing for interest rate of investment, export loans and difference that enables debtors to be entitled to preferential interest rate at the post-investment stage.

3. The Management Council, the General Director of Vietnam Development Bank, the owners of projects funded by state investment and export loans, and relevant regulatory bodies shall assume their responsibility for enforcing this Circular.

In the course of implementation, should there be any difficulty that arises, organizations and individuals concerned are advised to promptly consult with the Ministry of Finance for any proper consideration and solution./.