VietlawOnline

blue-check In 2022-2023 period enterprises shall be provided 2% of interest rate support upon borrowing loans for business and production recovery

Official letter No. 2144/BTC-TCNH dated March 4th, 2022 of the Ministry of Finance regarding interest rate support
Posted: 17/6/2022 8:48:44 AM | Latest updated: 12/7/2022 3:35:38 PM (GMT+7) | LuatVietnam: 5480 | Vietlaw: 569
VietlawOnline

According to opinions of the Ministry of Finance, the Government adopted the policy on loan interest rate support provided for enterprises to recover business and production after the Covid-19 pandemic.

Particularly, according to the regulations at Resolution No. 43/2022/QH15 and Resolution No. 11/NQ-CP dated January 30th, 2022, enterprises shall be provided the interest rate support of 2%/year when they borrow loans from commercial banks in 2 years 2022 and 2023.

However, this policy on interest rate support is only applied to enterprises in these sectors, business lines: aviation, warehousing transport; tourism, accommodation, food and drink, education and training; agriculture, forestry and fisheries; processing and manufacturing industry (including machinery, equipment, medicines, pharmaceuticals and herbal materials); software production; computer programming and related activities; information services.

Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article

Related documents

Penalty document

Unknown

Information

Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 569

Files attachment

enflag pdficon CV2144-04032022BTC[VLO].pdf

Flow

No data

Timeline

No data

Borrowing

blue-check Conditions for provision of interest rate support for loans for socio-economic recovery and development
blue-check Enterprises shall be subsidized interests up to 2%/year of loan
blue-check Forms of provision of interest rate support for enterprises
blue-check Eligibility requirements for loan and loan limit for private pre-schools affected by Covid-19
blue-check Credit policies for enterprises and the people in mountainous regions
blue-check In 2022-2023 period enterprises shall be provided 2% of interest rate support upon borrowing loans for business and production recovery
blue-check Interest rate applicable to concessional housing loans in 2022 is 4.8%
blue-check From October 1st, 2021 to December 31st, 2021: Interest rates applicable to loans granted under policy credit programs shall be reduced by 10%
blue-check Amendments to policies on debt rescheduling, reduction and exemption of interest for borrowers affected by Covid-19
blue-check Information about policies on loan interest exemption, reduction amid Covid-19
blue-check New regulations on classification of debts, setting up of risk provisions at banks
blue-check Regulations on refinancing loans granted to Vietnam Bank for Social Policies (for implementing polices to support employees and employers affected by Covid-19 pandemic)
blue-check Conditions for borrowing loans from banks to pay wages amid Covid-19
red-check New regulations on provision of special loans for banks placed under special control
blue-check [Merged] - Policy on exemption and reduction in loan interests to assist borrowers affected by Covid-19 pandemic
red-check Amendments to conditions for exemption or reduction of interest and fees to assist borrowers affected by Covid-19 pandemic
blue-check Projects entitled to preferential lending from the National Technology Innovation Foundation
blue-check Regulations on treatment of risks arising from loans provided for SMEs
blue-check Regarding withholding tax on expenses paid for hiring consultation on borrowing foreign loans
blue-check Banks are required to reduce loan interest rates for flood-hit clients