Loan Term for State Investment Credit Not Exceeding 15 Years

22:15, 11/07/2024

State credit loan is a form of capital support provided to organizations that have been evaluated and assessed by the Vietnam Development Bank as effective, ensuring full repayment of both principal and interest.

Decree 32/2017/ND-CP stipulates the loan terms as follows:

- The loan term is determined based on the project's capital recovery ability and the customer's repayment ability in accordance with the project's production and business characteristics but not exceeding 12 years. For investment projects belonging to group A, the maximum loan term is 15 years.- The Vietnam Development Bank decides the loan term for each project based on the project appraisal results and in compliance with the above regulations.- For special projects that require a loan term exceeding the above maximum loan term, the Vietnam Development Bank appraises and submits to the Prime Minister of the Government of Vietnam for consideration and decision.

See details Decree 32/2017/ND-CP effective from May 15, 2017.

- Ngoc Duyen -

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