VietnameseCircular No. 201/2011/TT-BTC dated December 30, 2011 of the Ministry of Finance on providing interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports
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Circular No. 201/2011/TT-BTC dated December 30, 2011 of the Ministry of Finance on providing interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports
| 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: | 201/2011/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: | 30/12/2011 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
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THE MINISTRY OF FINANCE -------- | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ---------------- |
No.: 201/2011/TT-BTC | Hanoi, December 30, 2011 |
CIRCULAR
ON PROVIDING INTEREST RATES OF STATE INVESTMENT AND EXPORT CREDIT LOANS AND INTEREST RATE DIFFERENCES ELIGIBLE FOR POST-INVESTMENT SUPPORTS
Pursuant to the Government's Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Government's Decree No. 75/2011/ND-CP of August 30, 2011 on state investment and export credit loans;
Pursuant to Prime Minister's concrete guidance in document No. 8997/VPCP-KTTH of December18, 2011 on adjustment of state investment and export credit loans;
At the proposal of Vietnam Development Bank in the Official Dispatch No. 3701/NHPT-CDKH of October 18, 2011 on state investment and export credit loans;
The Ministry of Finance provides interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports as follows:
Article 1. Interest rate of state investment credit loans for Vietnam-dong loans is 14.4%/year.
Article 2. Interest rate of state export credit loans for Vietnam-dong is 14.4%/year.
Article 3. Interest rate differences eligible for post-investment support for project loans in Vietnam dong is 2.4%/year.
Article 4. Interest rate of state investment and export credit loans and interest rate differences for post-investment supports are applicable to credit contracts and post-investment contracts which are signed and come into effect after the date of October 20, 2011 (the effective date of the Decree No.75/2011/ND-CP).
Article 5. This Circular takes effect on February 15, 2012, and supersedes the December 14, 2010 Decision No. 203/2010/TT-BTC of the Ministry of Finance, on interest rates of state investment and export credit loans and interest rate differences eligible for post-in vestment supports.
The Management Board and the General Director of the Vietnam Development Bank, investors of projects borrowing state investment and export credit loans and relevant agencies shall be responsible for implementation of this Circular.
Any problems arising in the course of implementation should be promptlty reported to the Ministry of Finance for consideration and settlement.-
FOR THE MINISTER OF FINANCE DEPUTY MINISTER Tran Xuan Ha |
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