Reduce interest rates on investment credit and export credit loans
The Ministry of Finance has just issued a Circular regulating interest rates for investment credit and export credit loans of the State 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% per year.
The State's export credit loan interest rate in Vietnamese Dong is reduced from 7.8% to 7.2% per year.
The interest rate differential calculated for post-investment support for projects borrowing capital in Vietnamese Dong is kept at 2.4%/year.
The interest rates for State investment credit and export credit loans prescribed above shall be applied to disbursements 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 investment credit and export credit loans of the State and the interest rate difference calculated for post-investment support.
According to Chinhphu.vn
