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MEKONG COUNSEL

Circular regulating the State’s interest rates of investment credit, export credit loans and the interest rate difference calculated for post-investment support

On June 25th, 2012, the Ministry of Finance issued Circular No. 104/2012/TT-BTC regulating the State’s interest rates of the investment credit, export credit loans and the interest rate difference calculated for post-investment support. Accordingly:

 

- The interest rate of investment credit loans of the State in Vietnam dong shall be 12%/year.

 

- The interest rate of export credit loans of the State in Vietnam dong shall be 11.4%/year.

 

- The interest rate difference calculated for post-investment support for projects borrowing capital in Vietnam dong shall be 2.4%/year.

 

The interest rate of the investment credit and export credit loans of the State and the interest rate difference calculated for post-investment support shall apply to disbursements of the investment credit and export credit loans of the State from the effective date of this Circular.

 

This Circular shall be effective from the date of signing; supersede Circular No. 201/2011/TT-BTC dated December 30th, 2011 of the Ministry of Finance regulating the State’s interest rates of investment credit and export credit loans and the interest rate difference calculated for post-investment support.