Official Dispatch No. 2977/NHNN-TD date April 21, 2010 of the State Bank of Vietnam on the restructuring of debt repayment period and provision of new loan to coffee farmer

To: General Manager (Manager) of commercial banks

With a view to implementing the Decision No.481/QD-TTg dated 13 April 2010 of the Prime Minister on giving support to the purchase of coffee for temporary reserve in the annual season 2009-2010, the State Bank hereby would like to require commercial banks to well perform some contents as follows:

1. To balance the capital sources for timely satisfying the capital demand of borrowing enterprises which procure coffee from the farmers (including coffee for temporary reserve).

2. To consider the rescheduling, restructuring of debt repayment period in accordance with provisions applicable to due loans by coffee farmers, but due to the difficulty, such loans would not have been repaid for the annual season 2009-2010; at the same time, to consider providing new loan to coffee farmers so that they shall have capital for the production of new season.

3. Commercial banks shall provide loans to coffee procuring enterprises and coffee farmers in accordance with current provisions.