DECISION

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE PRIME MINISTER’S DECISION NO. 131/QD-TTG OF JANUARY 23, 2009, ON INTEREST RATE SUPPORTS FOR ORGANIZATIONS OR INDIVIDUALS THAT TAKE BANK LOANS FOR PRODUCTION AND BUSINESS

THE PRIME MINISTER

Pursuant to the December 25, 2005 Law on Organization of the Government;
Pursuant to the December 12, 1997 Law on the State Bank of Vietnam and the June 17, 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam;
Pursuant to the December 12, 1997 Law on Credit Institutions and the June 15, 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;
Pursuant to the Governments Resolution No. 30/2008/ND-CP of December 11, 2008, on urgent solutions to curb economic decline, maintain economic growth and assure social welfare;
At the proposal of the Governor of State Bank of Vietnam and the Minister of Finance,

DECIDES:

Article 1. To amend and supplement a number of articles of the Prime Minister’s Decision No. 131/QD-TTg of January 23, 2009, on interest rate supports for organizations and individuals that take bank loans for production and business, as follows:

1. To supplement Clause 1 of Article 2 as follows:

“Financial companies (except for specialized financial companies with consumption credit and card operations in accordance with law) that strictly observe the State Bank of Vietnam’s regulations on safety ratios in credit institutions’ operations, setting up and use of provisions to handle credit risks in banking operations and have a bad debt rate of below 5% of total outstanding loans.”

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Article 2. Organization of implementation

1. This Decision takes effect on the date of its signing.

2. The Governor of the State Bank of Vietnam shall announce the list of financial companies eligible for interest rate supports and direct commercial banks in providing loans with interest rate supports for the mining industry according to Article 1 of this Decision.

Article 3. The Governor of the State Bank of Vietnam, ministers, heads of ministerial-level agencies, heads of governmental-attached agencies, presidents of provincial-level People’s Committees, and chairmen of boards of directors and general directors of commercial banks shall implement this Decision.

FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER




Nguyen Sinh Hung