VietnameseDecision No. 26/2000/QD-NHNN7 of January 19, 2000, on the issuance of the regulation on the formulation and management of the annual plan of total limit on foreign commercial borrowing by enterprises
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Decision No. 26/2000/QD-NHNN7 of January 19, 2000, on the issuance of the regulation on the formulation and management of the annual plan of total limit on foreign commercial borrowing by enterprises
| Issuing body: | State Bank of Vietnam | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 26/2000/QD-NHNN7 | Signer: | Duong Thu Huong |
| Type: | Decision | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 19/01/2000 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Enterprise, Finance - Banking |
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STATE BANK OF VIETNAM ------- | SOCIALIST REPUBLIC OF VIETNAM Independence-freedom-happiness --------- |
No. 26/2000/QD-NHNN7 | Hanoi, 19 January, 2000 |
DECISION
ON THE ISSUANCE OF THE REGULATION ON THE FORMULATION AND MANAGEMENT OF THE ANNUAL PLAN OF TOTAL LIMIT ON FOREIGN COMMERCIAL BORROWING BY ENTERPRISES
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997;
Pursuant to the Decree No. 90/1998/ND-CP dated 7 November, 1998 of the Government on the issuance of the Regulation on the management of foreign borrowing and repayment;
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministerial-level agencies;
Upon the proposal of the Director of the Foreign Exchange Control Department,
Pursuant to the Decree No. 90/1998/ND-CP dated 7 November, 1998 of the Government on the issuance of the Regulation on the management of foreign borrowing and repayment;
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministerial-level agencies;
Upon the proposal of the Director of the Foreign Exchange Control Department,
DECIDES
Article 1. To issue in conjunction with this Decision "the Regulation on the formulation and management of the annual plan of total limit on foreign commercial borrowing by enterprises".
Article 2. This Decision shall be effective after 15 days from the date of signing.
Article 3. The Director of the Administration Department, the Director of Foreign Exchange Control Departments, the Heads of the State Bank units shall be responsible for the implementation of this Decision.
FOR THE GOVERNOR OF THE STATE BANK DEPUTY GOVERNOR Duong Thu Huong |
THE REGULATION
ON THE FORMULATION AND MANAGEMENT OF THE ANNUAL PLAN OF TOTAL LIMIT ON FOREIGN COMMERCIAL BORROWING BY ENTERPRISES
(issued in conjunction with the Decision No. 26/2000/QD-NHNN7 dated 19, January, 2000 of the Governor of the State Bank)
(issued in conjunction with the Decision No. 26/2000/QD-NHNN7 dated 19, January, 2000 of the Governor of the State Bank)
Chapter I
GENERAL PROVISIONS
Article 1. The annual plan of total limits of foreign commercial borrowings by enterprises shall be the total equivalent foreign currency amount in USD provided by the Prime Minister for the foreign borrowing by the enterprises during the year.
Article 2. The Formulation and management of the annual plan of total limit shall be carried out on the following principles:
1. Taking into account the debt service capability as well as ensuring other macro-economic indicators of the economy.
2. Satisfying a part of requirements for investment funds by the enterprises and effective use of domestic resources.
Chapter II
FORMULATION OF THE PLAN OF TOTAL LIMIT
Article 3. The State Bank shall take the lead, in cooperation with the Ministry of Planning and Investment, the Ministry of Finance to formulate the annual plan of total limit on foreign commercial borrowing by enterprises for submitting to the Prime Minister for approval.
Article 4. The Plan of total limit shall be formulated on the following main basis:
1. The national strategy of foreign borrowing and repayment formulated by the Ministry of Planning and Investment for each period of time;
2. The annual plan of foreign borrowing and repayment formulated by the Ministry of Finance;
3. The international Balance of Payment, the capability of the country to balance the foreign currency requirement;
4. The requirement of foreign borrowing and the repayment obligations of enterprises;
5. The practical performance of foreign borrowing and repayment of enterprises in previous years.
Article 5.
1. The plan of total limit shall be divided into two following parts:
a. The limit on short-term foreign borrowing;
b. The limit on medium, long-tem foreign borrowing.
2. The plan of total limit shall be calculated in accordance with the Appendix No. 1 attached to this Regulation.
Article 6.
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