Decision No. 211/1999/QD-TTg dated October 28, 1999 of the Prime Minister on the rates of interest on loans for industrial material forest planting

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Issuing body:	Prime Minister	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	211/1999/QD-TTg	Signer:	Nguyen Tan Dung
Type:	Decision	Expiry date:	Updating
Issuing date:	28/10/1999	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Agriculture - Forestry

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THE GOVERNMENT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------
No: 211/1999/QD-TTg	Hanoi, October 28, 1999

DECISION

ON THE RATES OF INTEREST ON LOANS FOR INDUSTRIAL MATERIAL FOREST PLANTING

THE PRIME MINISTER

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

Pursuant to the Law on Forest Protection and Development of August 19, 1991;

Pursuant to Decision No. 661/1998/QD-TTg of the Prime Minister of July 29, 1998;

At the proposal of the Minister of Agriculture and Rural Development,

DECIDES:

Article 1.- To stipulate the rate of interest on loans for planting of the industrial material forests, which shall be 0.81%/month, for afforestation under the 1999 production plan.

To apply the interest rates on loans for afforestation as from January 1, 2000 according to Decree No. 43/1999/ND-CP of June 29, 1999 on the State’s development and investment credits.

Organizations, households and individuals engaged in afforestation (called forest owners) are entitled to borrow capital according to the plants’ economic cycles; when exploiting the forests, the forest owners shall have to pay both the loan principals and interests without accrued interests.

Article 2.- Forest owners are entitled to borrow capital from the development support funds, other sources of preferential credit funds, the ODA funds of various countries, international organizations and other sources of borrowing.

Article 3.- This Decision takes effect 15 days after its signing.

The Ministers of Planing and Investment; Agriculture and Rural Development as well as Finance, and the Governor of the State Bank of Vietnam shall have to implement this Decision.

FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER

Nguyen Tan Dung

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Decision No. 211/1999/QD-TTg dated October 28, 1999 of the Prime Minister on the rates of interest on loans for industrial material forest planting

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VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

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Directive No. 125/1999/CT-BNN-KH dated September 04, 1999 of the Ministry of Agriculture and Rural Development on elaborating the plan for agriculture and rural development in the year 2000