Procedure for Disbursing Financial Support to Merchants for the Temporary Purchase of Rice and Paddy

Process of Allocating Financial Support to Traders for Temporary Rice Storage (Illustrative Image)

Circular 65/2014/TT-BTC stipulates the process for allocating financial support to traders for the temporary storage of rice in the Winter-Spring 2013-2014 season as follows:

Within 04 months from the end date of the interest rate support period, the Northern Food Corporation, the Southern Food Corporation, and other traders must submit directly or by post 01 dossier as prescribed in Clause 1, Article 3 of this Circular to the Ministry of Finance (Department of Corporate Finance).

After receiving the complete dossier as prescribed, within 15 working days, the Ministry of Finance shall appraise the dossier and proceed with interest rate support procedures for the traders. If the traders have not provided a complete dossier or do not meet the conditions for interest rate support, within 05 working days from the receipt of the dossier, the Ministry of Finance (Department of Corporate Finance) shall issue a document requesting the traders to supplement the dossier as prescribed or notify the traders of the reasons for not considering interest rate support. In the document requesting the supplementation of the dossier, the Ministry of Finance must specify the timeline for the traders to complete the dossier.

For the Northern Food Corporation and the Southern Food Corporation:

- The Ministry of Finance accepts the consolidated dossier from the Northern Food Corporation and the Southern Food Corporation (not accepting dossiers from member units belonging to the Corporation). The appraisal of interest rate support dossiers shall be conducted once after the temporary storage period ends and allocated through the Corporation's account.- The Northern Food Corporation and the Southern Food Corporation guide their member units to prepare interest rate support dossiers for bank loans and consolidate them as prescribed, then submit to the Ministry of Finance. The Corporation must be responsible for the accuracy of the data consolidated.

After receiving the financial support from the Ministry of Finance into the Corporation's account, within 05 working days, the Corporation shall allocate it to the member units.

For other traders: The Ministry of Finance shall accept the dossiers, appraise the interest rate support dossiers after the end of the temporary storage period, and allocate financial support through the trader's account.

Details can be found in Circular 65/2014/TT-BTC, which took effect on May 19, 2014.

Ty Na

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