Circular No. 09/2013/TT-BTC dated January 17, 2013 of the Ministry of Finance amending some Article of the Circular No, 104/2012/TT-BTC dated June 25, 2012 of the Ministry of Finance concerning the regulation on the interest rate of the investment credit, export credit of the state and the difference of the interest rate calculated for support after investment

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Issuing body:	Ministry of Finance	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	09/2013/TT-BTC	Signer:	Tran Xuan Ha
Type:	Circular	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	17/01/2013	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Finance - Banking

SUMMARY

INTEREST RATE OF STATE EXPORT CREDIT LOANS REDUCED TO 10.2%/YEAR

The Ministry of Finance issued the Circular No. 09/2013/TT-BTC amending the Circular No. 104/2012/TT-BTC, of June 25, 2012 of the Ministry of Finance, providing interest rates of the state investment credit, export credit loans and the interest rate difference eligible for post-investment supports.

Accordingly, from January 17, the interest rate of state export credit loans for Vietnam-dong is reduced from 11,4%/year to 10.2%/year, which is reduced by 1,2% compared with the previous regulations.

Besides, the interest rate on loan of investment credit of the State in Vietnam dong is still kept at the same rate at 12%/year. The difference of the interest rate calculated for support after investment for the loan project in Vietnam dong is still at 2,4%/year.

This Circular takes effect on the day of signing.

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Effect status: Known

THE MINISTRY OF FINANCE

Pursuant to the Decree No. 118/2008/ND-CP dated November 27, 2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Decree No. 75/2011/ND-CP dated August 30, 2011 of the Government on state investment credit and export credit

At the proposal of the Vietnam Development Bank at the Official Dispatch No. 64/NHPT-HDQL dated December 17, 2012 on adjustment of state export credit interest rates;

At the proposal of Director of Banking and Financial Institutions Department;

The Minister of Finance promulgates the Circular amending Decree No. 75/2011/ND-CP dated August 30, 2011 of the Government on state investment credit and export credit as follows:

Article 1. To amend Article 2 of the Circular No. 104/2012/TT-BTC as follows:

“Interest rate of state export credit loans for Vietnam-dong is 10.2%/year”.

Article 2. This Circular takes effect on signing date.

The Management Board, the General Director of the Vietnam Development Bank, investors of projects borrowing state investment and export credit loans and relevant agencies shall implement this Circular.

Any problems arising in the course of implementation should be promptly reported to the Ministry of Finance for consideration and settlement.

For the Ministry of Finance

Deputy Minister

Tran Xuan Ha

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