Conditions for State Investment Credit Lending

Customers must fully meet the following conditions:

- The target for the State’s investment credit loans is customers with investment projects listed in the Catalog of projects eligible for State investment credit loans issued under Decree 322. They must not be receiving preferential credit from other state financial institutions.- They must have full legal capacity and carry out investment procedures as prescribed.- The investment project applying for a loan must be appraised and evaluated by the Vietnam Development Bank as effective and capable of repaying the loan.- They must have own capital participating in the project implementation process at a minimum of 20% of the total project investment capital. The specific amount will be considered and decided by the Vietnam Development Bank in line with the investor's financial capability and the project's debt repayment plan, except for special projects decided by the Prime Minister of the Government of Vietnam.- They must secure the loan according to the provisions of this Decree and legal regulations.- They must not have bad debts at credit institutions at the time the Vietnam Development Bank considers granting the loan and disbursing the loan capital.- They must purchase property insurance from an insurer legally operating in Vietnam for the property securing the loan.- They must adhere to accounting and financial reporting policies, and conduct annual financial audit reports as required by law.

More details can be found in Decree 32/2017/ND-CP, effective from May 15, 2017.

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