Circular No. 104/2012/TT-BTC of 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

CIRCULAR

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

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

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

At the proposal of Vietnam Development Bank (VDB) in the official dispatch No. 32/NHPT-HDQL dated June 20, 2012 concerning the adjustment of interest rate of the investment credit and export credit of the State;

At the proposal of Director of Finance Department of banks and financial institutions;

The Minister of Finance has stipulated the interest rate on loan of the investment credit and export credit of the State and the difference of the interest rate calculated for support after investment as follows:

Article 1.The interest rate on loan of investment credit of the State in Vietnam dong is 12%/year.

Article 2.The interest rate on loan of the export credit of the State in Vietnam dong is 14%/year.

Article 3.The difference of the interest rate calculated for support after investment for the loan project in Vietnam dong is 2,4%/year.

Article 4.The interest rate on loan of the investment credit and export credit of the State and the difference of the interest rate is calculated for support after investment applies to the disbursements of the loan capital of the investment credit and export credit of the State from the date this Circular takes effect.

Article 5.This Circular takes effect from its signing date and supersedes the Circular No. 201/2011/TT-BTC concerning the regulation on the interest rate on loan of the investment credit and export credit of the State and the difference of the interest rate calculated for support after investment.

The management Board, the General Director of Vietnam Development Bank (VDB), the project investors of the loan capital projects of the investment credit and export credit of the State and the units concerned are liable to execute the provisions of this Circular.

Any problem arising in the course of implementation should be promptly reported to the Ministry of Information and Communications for consideration and settlement.