Vietnamese
This is the content prescribed at the Decree No. 31/2022/ND-CP on May 20, 2022 of the Government on interest rate support from the State budget for loans of enterprises, cooperatives and business households.
Article 4, Decree No. 31 prescribes the conditions for eligible for interest rate support of 2%/year for enterprises, cooperatives and business households as follows:
- Having request for interest rate support, provided that they satisfy borrowing conditions in accordance with current laws.
Loan amounts eligible for interest rate support means loan amounts in Vietnam dong, have already been included in the lending agreement and shall be disbursed within the period from January 01, 2022 to December 31, 2023.
- Have not yet been provided with interest rate support from the State budget under other policies:
+ Having a purpose of using loans belonging to one of the sectors registered for trading, including: Aviation, storage (H), tourism (N79), accommodation and food service (I), education and training (P), agriculture, forestry and aquaculture (A), processing and manufacturing industry (C), software publishing (J582), computer programming and related activities (J-62), information service activities (J-63).
More importantly, construction activities directly serving the above-mentioned economic sectors but excluding construction activities for the purpose of real estate business specified in the economic sector (L).
+ Having a purpose of using loans to perform social housing projects or projects of building houses for workers, or renovation of old condominiums in the lists synthesized and announced by the Ministry of Construction.
Besides, this Decree also prescribes the loan amounts shall be ineligible for interest rate support in the cases:
- Loan amounts with overdue principal balance and/or late-payment interest balance are ineligible for interest rate support for the interest payment obligation at the interest payment term but the time of repayment is within the period of overdue principal balance and/or the balance of late payment interest.
Loan amounts shall only be provided with interest rate support for the next interest payment terms after customers fully pays overdue principal balance and/or late-payment interest balance.
- Loan amounts eligible for payment deadline extension shall not be provided with interest rate support for the extended payment period.
