b) Credit institutions and branches of foreign banks have appraised and assure that the production-business plans and projects of the customers are feasible, effective and the customers must fully meet conditions on capital borrowing under laws on lending activities and it is possible to collect the debt at the due time (principal and interest).

Article 3.

1. Credit institutions and branches of foreign banks shall provide foreign current loans in accordance with provisions of this Circular and provisions of laws on loans, foreign exchange management, prudential ratios in business activities of credit institutions and other relative regulations of laws.

2. Credit institutions and branches of foreign banks shall monthly report to the State Bank of Vietnam of their foreign currency loan activities according to the annex enclosed with this Circular.

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1. This Circular takes effect from May 02, 2012 and replaces the Circular No. 07/2011/TT-NHNN of March 24, 2011 of the Governor of the State Bank providing on foreign currency loans of the credit institutions with customers being residents.

2. For signed credit contracts prior to the effective date of this Circular, credit institutions and branches of foreign banks and their borrowers shall implement  according to contents of the signed credit contract in compliance with provisions of laws which are effective at the time of signing of credit contracts or they may agree to amend their credit contracts conformable to provisions of this Circular.

3. The chief of the Administrative Department, Director General of the Monetary Policy Department, Heads of units under the State Bank of Vietnam, Managers of branches of the State Bank of Vietnam in provinces and centrally-run cities, Chairman of the Board of Directors, Chairman of the Members’ Council and General Directors (Directors) of credit institutions, branches of foreign banks, other related organizations and related individuals shall be responsible for the implementation of this Circular./.

FOR THE GOVERNOR
DEPUTY GOVERNOR




Nguyen Dong Tien

Name of credit institution or name of branch of foreign bank: .............................

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Month …. year……..

(Promulgated together with the Circular No. 03/2012/TT-NHNN, of March 08, 2012)

Target

Outstanding loan balances (convert to billion dong)

The growth rate of outstanding loan balances compared to the preceding month (%)

1. Outstanding loan balances of borrowers being residents

a. Outstanding loan balances classified by duration

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- Short term

- Mid-term and long term

b. Outstanding loan balances classified by loan purposes

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- The short-term, mid-term and long-term loans in order to oversea paying of imported goods and services that customers have sufficient foreign exchange in order to paying of debt rely on the income source from production and business.

In which: loans for import of goods and services in order to production and business the exported goods through Vietnam frontier, border gate.

- The short-term loans in order to oversea paying of imported petrol when have the approving in writing of the State Bank of Vietnam.

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- Loans for the capital demands arising from credit contracts signed under provisions of the Circular No. 07/2011/TT-NHNN, of March 24, 2011, Circular No. 25/2009/TT-NHNN, of December 15, 2009, Decision No.09/2008/QD-NHNN, of April 10, 2008, Decision No. 966/2003/QD-NHNN, of August 22, 2003.

2. Bad debt ratio of loans in foreign currency

a. Ratio of bad debt of foreign currency loans per the total outstanding loan balance (%)

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b. Ratio of bad debts of foreign currency loans per the outstanding loan balance in foreign currency (%)

Composer

Controller

…….,date…….. month……. year……
General Director

Notes:

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2. The limit time for sending report: Monthly, no later than the 12th of the next month of the report month.

3. Recipient units: The Monetary Policy Department – The State Bank of Vietnam, 49 Ly Thai To – Hoan Kiem – Ha Noi (email: phongcstd@sbv.gov.vn, fax: 04.38246953 – 04.38240132)

4. Be suggested to write full name and telephone number of the person in charge of answering the report in details at the State Bank of Vietnam’s requirement.