Circular No. 76/2015/TT-BTC dated May 19, 2015 of the Ministry of Finance prescribing the interest rate of the investment credit loans, export credit loans granted by the state and post-investment support for difference of the interest rates

THE MINISTRY OF FINANCE

Circular No. 76/2015/TT-BTC dated May 19, 2015 of the Ministry of Finance prescribing the interest rateof the investment credit loans, export credit loans granted by the state and post-investment support for difference of the interest rates

Pursuant to the Decree No.215/2013/ND-CP dated 23/12/2013 by the Government defining the functions, tasks, entitlements and organizational structure of the Ministry of Finance;

Pursuant to the Decree No. 75/2011/ND-CP dated 30/8/2011 by the Government on investment credit and export credit of the State;

At the request of the Chairman of the Board of Management of Vietnam Development Bank in the Official Dispatch No. 36/HDQL dated 06/03/2015 on the adjustment of interest rate of the investment credit and export credit of the State;

At the request of Head of Department of Banking and Financial Institutions;

The Minister of Finance promulgates the Circularprescribing the interest rateof the investment credit loans, export credit loans granted by the state and post-investment support for difference of the interest rates.

Article 1.To apply the interest rate of 8.55% per year for the investment credit loans granted by the State in Vietnam dong (VND).

Article 2.To apply the interest rate of 6.9% per year for the export credit loans granted by the State in VND.

Article 3.The difference of the interest rate given post-investment support in VND is 2.4% per year.

Article 4.The interest rates of the investment credit and export credit of the State prescribed in Articles 1 and 2 of this Circular are applicable to the disbursement of the investment credit loans and export credit loans by the State from the day on which this Circular comes into effect; the post-investment support for difference of the interest rates  prescribed in Article 3 of this Circular is applied to every single time of repayment by the investor to the credit institution on the effective date of this Circular.

Article 5. Implementation effect

1. This Circular takes effect on the signing date.

2. This Circular replaces the Circular No. 189/2014/TT-BTC dated 11/12/2014.

3. The Board of Management, the General Director of Vietnam Development Bank (VDB) and the investors of projects granted investment credit loans and export credit loans by the State and relevant units shall implement this Circular.

Any difficulties arising in the course of implementation of this Circular shall be reported to the Ministry of Finance for consideration and solution./.

For the Minister

The Deputy Minister

Tran Xuan Ha