Reduce interest rates on investment loans and export credit.
The Ministry of Finance has just issued a Circular stipulating interest rates for state-funded investment and export credit loans, and the interest rate differential calculated for post-investment support.
The interest rate on state-funded investment loans in Vietnamese Dong has been reduced from 10.5% to 9.6% per year.
The interest rate on state-funded export credit loans in Vietnamese Dong has been reduced from 7.8% to 7.2% per year.
The interest rate differential applied as post-investment support for projects financed in Vietnamese Dong remains unchanged at 2.4% per annum.
The interest rates for state-funded investment and export credit loans stipulated above shall apply to disbursements of state-funded investment and export credit loans from December 11, 2014.
The interest rate differential calculated as post-investment support as stipulated above will be applied to each repayment made by the investor to the credit institution from December 11, 2014.
This Circular replaces Circular No. 108/2014/TT-BTC dated August 11, 2014, on regulating interest rates for state-funded investment and export credit loans and the interest rate differential calculated for post-investment support.
According to Chinhphu.vn
