Reduce interest rates on investment credit and export credit loans

The Ministry of Finance has just issued a Circular regulating interest rates for State investment credit and export credit loans and the interest rate difference calculated for post-investment support.

The interest rate on State investment credit loans in Vietnamese Dong is reduced from 10.5% to 9.6%/year.

The State's export credit lending interest rate in Vietnamese Dong is reduced from 7.8% to 7.2%/year.

The interest rate differential calculated for post-investment support for projects borrowing capital in Vietnamese Dong remains unchanged at 2.4%/year.

The interest rates for State investment credit and export credit loans prescribed above shall be applied to disbursement of State investment credit and export credit loans from December 11, 2014.

The interest rate difference calculated for post-investment support as prescribed above is applied to each debt repayment by the investor to the credit institution from December 11, 2014.

This Circular replaces Circular No. 108/2014/TT-BTC dated August 11, 2014 regulating interest rates for State investment credit and export credit loans and the interest rate differential calculated for post-investment support.

According to Chinhphu.vn