Decision No. 02/2001/QD-TTg dated January 02, 2001 of the Prime Minister on policies of investment support from the development assistance fund for exports production and processing projects and agricultural production projects

DECISION

ON POLICIES OF INVESTMENT SUPPORT FROM THE DEVELOPMENT ASSISTANCE FUND FOR EXPORTS PRODUCTION AND PROCESSING PROJECTS AND AGRICULTURAL PRODUCTION PROJECTS

THE PRIME MINISTER

Pursuant to the Law on Organization of the Government of September 30, 1992;

Pursuant to the Governments Resolutions No. 08/2000/NQ-CP of June 8, 2000 and No. 09/2000/NQ-CP of June 15, 2000 on a number of strategies and policies on economic restructuring and consumption of agricultural products;

At the proposal of the Minister of Finance,

DECIDES:

Article 1.-The following projects (regardless of their investment location) shall be entitled to borrow investment credit capital from the Development Assistance Fund:

- Projects on exports production and processing;

- Agricultural production projects, such as perennial tree planting, cattle raising, aquaculture, salt production and processing industry development.

Article 2.-On borrowed capital levels

1. For group A projects, such levels shall comply with the provisions of the Governments Decree No. 43/1999/ND-CP of June 29, 1999.

2. For other projects, the Development Assistance Fund shall consider their efficiency and debt-repayment capability in order to decide the lending levels, but such levels must not exceed 90% of the total investment capital of the projects.

Article 3.-For projects mentioned in Article 1 of this Decision, the Development Assistance Fund shall provide guaranty for 100% of loans borrowed from credit institutions lawfully operating in Vietnam.

Article 4.-The investors may use assets created from loan capital to secure loans or guaranty. Pending the full repayment of debts, the investors must not transfer, sell, donate, present, mortgage or pledge such assets to borrow capital from other organizations.

Article 5.-This Decision takes effect 15 days after its singing.

The projects mentioned in Article 1 of this Decision, which have borrowed capital from the Development Assistance Fund or been guaranteed by the Fund before the effective date of this Decision, shall be entitled to enjoy investment loans under this Decision.

Other contents which are not stipulated in this Decision shall comply with the provisions of the Governments Decree No. 43/1999/ND-CP of June 29, 1999 and the current regulations on the States development investment credits.

The ministers, the heads of the ministerial level agencies, the heads of agencies attached to the Government and the presidents of the Peoples Committees of the provinces and centrally-run cities shall have to implement this Decision.