Circular No. 203/2010/TT-BTC dated December 14, 2010 of the Ministry of Finance providing interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports

THE MINISTRY OF FINANCE

Circular No. 203/2010/TT-BTC of December 14, 2010, 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. 151/2006/ND-CP of December 20, 2006, on state investment and export credit loans;

Pursuant to the Government’s Decree No. 106/2008/ND-CP of September 19, 2008, amending and supplementing a number of articles of the Government’s Decree No. 151/2006/ND-CP, on state investment and export credit loans;

Pursuant to the Ministry of Finance’s Circular No. 69/2007/TT-BTC of June 25, 2007, guiding a number of articles of the Government’s Decree No. 151/2006/ND-CP of December 20, 2006, 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 rates of state investment credit loans are 11.4%/year for Vietnam-dong loans and 6.6%/year for loans in freely convertible foreign currencies.

Article 2.  Interest rates of state export credit loans are 11.4%/year for Vietnam-dong loans and 6.6%/year for loans in freely convertible foreign currencies.

Article 3. Interest rate differences eligible for post-investment supports are 2.4%/year applicable to project loans in Vietnam dong and 0.8%/year applicable to project loans in freely convertible foreign currencies.

Article 4. Interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports are applicable to projects for which credit contracts are signed for the first time after the effective date of this Circular.

Article 5. This Circular takes effect on February 1, 2011, and supersedes the Minister of Finance’s Decision No. 3280/QD-BTC of December 25, 2009, on interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports.

The Management Board and director general of the Vietnam Development Bank, investors of projects borrowing state investment and export credit loans and related units shall implement this Circular.

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

For the Minister of Finance
Deputy Minister
TRAN XUAN HA