Vietnamese
On May 20, 2022, the Government issues the Decree No. 31/2022/ND-CP on interest rate support from the State budget for loans of enterprises, cooperatives and business households.
Accordingly, enterprises, cooperatives and business households supported with interest rate of 2%/year that fall into one of the following cases:
- Having a purpose of using loans belonging to one of the sectors registered for trading, including: Aviation, transportation and 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).
Within that, 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.
The support duration shall be counted from the date of disbursement of the loan amounts to the time the customer fully pays the loan principal and/or interest but no later than December 31, 2023.
This Circular takes effect on May 20, 2022.
