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

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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
Issuing body: Ministry of FinanceEffective date:
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Official number:104/2012/TT-BTCSigner:Tran Xuan Ha
Type:CircularExpiry date:
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Issuing date:25/06/2012Effect status:
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Fields:Finance - Banking , Investment

SUMMARY

REDUCE 2.4% INTEREST RATE OF INVESTMENT CREDIT

 

On June 25, 2012, the Ministry of Finance issued the Circular No. 104/2012/TT-BTC 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.

Under this Circular, from June 25, the interest rate on loan of investment credit of the State in Vietnam dong is 12%/year, instead of 14.4% as previously, which reduces by 2.4%.

Besides, the interest rate on loan of the export credit of the State in Vietnam dong and the difference of the interest rate calculated for support after investment for the loan project in Vietnam dong is 14%/year and 2.4%/year respectively.

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 June 25, 2012.

This Circular takes effect from June 25, 2012 and supersedes the Circular No. 201/2011/TT-BTC dated December 30, 2012.
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THE MINISTRY OF FINANCE
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THE SOCIALIST REPUBLIC OF VIETNAM
Independence– Freedom – Happiness
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No.: 104/2012/TT-BTC
Hanoi, June 25, 2012
 
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.

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