Application for considering interest rate support for loans to purchase temporary stored rice in Vietnam

Application for considering interest rate support for loans to purchase temporary stored rice in Vietnam (Illustrative image)

Thong tu 65/2014/TT-BTC stipulates the applications required for interest rate support for bank loans to purchase temporary stored rice for the 2013-2014 Winter-Spring crop, including:

- Official Dispatch requesting state budget support for interest rates on bank loans of traders purchasing temporary stored rice (providing full details of the unit name, address, tax code, and account number for funding support). For requests from the Northern Food Corporation and Southern Food Corporation, the official dispatch must compile support requests from member units of the Corporation.

- A certified copy of the Credit Agreement and the Memorandum of Indebtedness between the trader and the commercial bank where the trader borrows funds for purchasing temporary stored rice for the 2013-2014 Winter-Spring crop.

- A list of import, export, and inventory of rice purchased for temporary storage from the time the trader starts purchasing until the end of the interest rate support period (July 20, 2014). The list must be confirmed by the leadership of the Department of Industry and Trade where the trader has temporary storage warehouses, according to Form No. 1 issued with this Circular. If the trader purchases and stores rice in multiple localities, they must prepare a list of import, export, and inventory of rice for each locality with confirmation from the Department of Industry and Trade (where the trader has temporary storage warehouses). Based on the lists confirmed by the Department of Industry and Trade, the trader shall prepare a consolidated statement of import, export, and inventory of rice for temporary storage and be responsible for the accuracy of the compiled data.

- A list of bank loan balances for purchasing temporary stored rice and interest payments incurred from March 20, 2014, until the point of sale but not later than July 20, 2014 (the list must be confirmed by the leadership of the commercial bank where the trader borrows funds, according to Form No. 2 issued with this Circular).- A calculation table of bank loan interest rates for purchasing temporary stored rice, requesting support (according to Form No. 3 issued with this Circular).

Details can be found in Thong tu 65/2014/TT-BTC, effective from May 19, 2014.

Ty Na

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