What are direct lending principles of the small and medium enterprise development fund in Vietnam?
Hello Lawnet. I have a queston related to direct lending principles of the small and medium enterprise development fund in Vietnam. Thank you!
Pursuant to Article 15 of the Decree 39/2019/NĐ-CP (takes effect from 01/07/2019) stipulating direct lending principles of the small and medium enterprise development fund in Vietnam as follows:
1. Lending activities of the Fund shall be carried out under agreements between the Fund and small and medium enterprises and must conform to provisions laid down herein.
2. Small and medium enterprises borrowing funds from the Fund must ensure the correct use of borrowed funds and repay principal and interest in an adequate and timely manner as agreed upon with the Fund.
3. Currency used for lending and debt repayment must be Vietnamese dong.
Above are direct lending principles of the small and medium enterprise development fund in Vietnam.
Best regards!
