Decision No. 1232/QD-TTg 2020 interest rates on concessional loans at Bank for Social Policies

DECISION

On the interest rates on concessional loans provided by the Vietnam Bank for Social Policies according to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management

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THE PRIME MINISTER

Pursuant to the Law on Organization of the Government dated June 19, 2015;

Pursuant to the Law on Housing dated November 25, 2014;

Pursuant to the Government’s Decree No. 78/2002/ND-CP dated October 04, 2002 on credit for poor people and other policy beneficiaries;

Pursuant to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management;

At the proposal of the Vietnam Bank for Social Policies in the Report No. 02/TTr-NHCS dated January 21, 2020 and the Official Dispatch No. 3296/NHCS-TDSV dated June 18, 2020.

DECIDES:

Article 1.The interest rates on concessional loans provided by the Vietnam Bank for Social Policies applied for loans with outstanding loans in 2020 for purchasing, rent-purchasing social houses; building, renovating or repairing houses according to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management shall be 4.8%/year.

Article 2.This Decision takes effect on the signing date.

Article 3.Ministers, Heads of ministerial-level agencies, Heads of government-attached agencies; the Governor of the State Bank of Vietnam, the Chairperson of the Board of Directors and the General Director of the Vietnam Bank for Social Policies and heads of relevant agencies shall take responsibility for implementing this Decision./.