To reduce the interest rate of the investment credit loans, export credit loans

bank-law

On May 19, 2015, the Ministry of Finance issued the Circular No. 76/2015/TT-BTC prescribing the interest rate of the investment credit loans, export credit loans granted by the state and post-investment support for difference of the interest rates.

Accordingly, on May 19, to apply the interest rate of the investment credit loans, export credit loans of 8.55% per year for the investment credit loans granted by the State in Vietnam dong (VND) instead of 9.6% per year, to apply the interest rate of 6.9% per year for the export credit loans granted by the State in VND instead of 7.2%. Particularly,

the difference of the interest rate given post-investment support in VND is 2.4% per year as in previous regulations.

The interest rates of the investment credit and export credit of the State are applicable to the disbursement of the investment credit loans and export credit loans by the; the post-investment support for difference of the interest rates  is applied to every single time of repayment by the investor to the credit institution.

This Circular takes effect on the signing date and replaces the Circular No. 189/2014/TT-BTC dated 11/12/2014.

 

Source: Luatvietnam