Official Dispatch No. 3936/NHNN-CSTT dated May 29, 2009 of the State Bank on the implementation of the interest rate support mechanism

Summary
Content
Status
Vietnamese
Related documents
Diagram
Download

Error message

Font size:

ATTRIBUTE

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:	3936/NHNN-CSTT	Signer:	Nguyen Dong Tien
Type:	Official Dispatch	Expiry date:	Updating
Issuing date:	29/05/2009	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Finance - Banking

For more details, click here.

Download files here.

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

Effect status:

STATE BANK OF VIETNAM -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness ---------
No. 3504/NHNN-CSTT Ref: Implementation of interest rate support mechanism	Hanoi, May 15th, 2009

To:

- Vietnam Banks Association
- Commercial banks, finance companies, Vietnam Development Bank

Upon request of Vietnam Banks Association in the Official Dispatch No. 76/HHNH-NV dated 14 April 2009 on the implementation of the Circular No. 05/2009/TT-NHNN, the State Bank of Vietnam hereby would like to give out its opinion as follows:

1. Regarding provisions on medium, long term loans in Vietnamese Dong of organizations, individuals for making new investment as stated in Article 1, Decision No. 443/QD-TTg dated 4 April 2009 and paragraph 3 Article 2 of the Circular No. 05/2009/TT-NHNN dated 7 April 2009: being loans to be disbursed during the period of time from 1 April 2009 to 31 December 2009 for implementing investment projects which were implemented, procured prior to 1 April 2009 and have not yet been completed and are still being invested to put into production- business; or implementing investment projects which are implemented, procured from 1 April 2009 to 31 December 2009. Duration of implementation, procurement of these projects are in line with the grace period stated in credit contract and that grace period is agreed upon by commercial bank and borrower on the basis of provisions of applicable laws on provision of loan funds and management of projects on work investment, construction, procurement of fixed assets.

2. Regarding interest rate support to medium, long term loans in Vietnamese Dong, of which value added tax (VAT) belongs to investment projects which are subjects entitled to interest rate support: For loans for procurement of materials, goods belonging to investment projects, of which invoice for materials, goods procurement states amount of VAT, such loans shall be considered as subject entitled to interest rate support in accordance with provisions of applicable laws.

FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR

Nguyen Dong Tien

This feature is available to English or Advanced account holders. Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Processing, please wait...

You are not logged in.

This feature is available to Advanced account holders. Please log in to access detailed information on Related documents.

If you do not have an account, please register here!

Processing, please wait...

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

Others

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers

For further support, please call 19006192

Official Dispatch No. 3936/NHNN-CSTT dated May 29, 2009 of the State Bank on the implementation of the interest rate support mechanism

ATTRIBUTE

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Official Telegram No. 32/CD-TTg dated April 05, 2024 of the Prime Minister on solutions to manage credit growth in 2024

Official Telegram No. 18/CD-TTg dated March 05, 2024 of the Prime Minister on managing credit growth in 2024

Offical Dispatch No. 3504/NHNN-CSTT dated May 15, 2009 of the State Bank on the implementation of interest rate support mechanism

Official Dispatch No. 2879/NHNN-QLNH dated April 22, 2009 of the State Bank of Vietnam inspecting, regulating foreign exchange activity

Official Dispatch No. 2601/NHNN-TCKT of Apirl 14, 2009, re guiding the checking up of classification and foundations for setting up provisions against the fall of financial investments’ price