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blue-check Credit policies for enterprises and the people in mountainous regions

Decree No. 28/2022/ND-CP dated April 26th, 2022 of the Government on introducing preferential credit policy for implementation of the National target program for socio-economic development of ethnic minority and mountainous regions in 2021 – 2030 period, stage 1: from 2021 to 2025
Posted: 27/4/2022 8:21:27 AM | Latest updated: 12/5/2022 3:04:35 PM (GMT+7) | LuatVietnam: 5442
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This Decree regulates in details preferential credit policies for enterprises and the people in ethnic minority and mountainous regions in the 2021 - 2025 period, including:

1. Provision of preferential loans for purchase of residential land for poor households (not exceed VND 50 million/household at the lending interest rate of 3%/year).

2. Provision of preferential loans for building or repair of houses for poor households (not exceed VND 40 million/household at the lending interest rate of 3%/year).

3. Provision of preferential loans for purchase of production land for poor households (not exceed VND 77.5 million/household at the lending interest rate equaling 50% of that charged on poor households).

4. Provision of preferential loans for executing a rare herb planting project (the maximum loan amount shall not exceed 45% of total investment at the lending interest rate of 3.96%/year)

5. Provision of preferential loans for development of value chain-based production (the maximum loan amount is VND 02 billion/borrower at the lending interest rate equaling 50% of that charged on production and business loans granted to near-poor households).

This Decree takes effect from the date of its signing.

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Effective Date 26-Apr-2022
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