Below is the content of draft Circular amending Circular 39/2016/TT-NHNN on lending transactions of credit institutions and/or foreign bank branches with customers.
Article table of contents
Proposing to change the capital demand in the lending interest rate of the State Bank of Vietnam (Illustration)
According to the draft Circular, amendments to Clause 2, Article 13 of Circular 39/2016/TT-NHNN on capital demand in lending interest rates are as follows:
In event that the customer is assessed by a credit institution as having a transparent and healthy financial situation, the credit institution and the customer shall agree on the interest rate for short-term loans not exceeding the interest rate in VND . The maximum loan amount is decided by the Governor of the State Bank of Vietnam from time to time in order to meet a number of capital needs:
- Serving the field of agricultural and rural development according to the Government of Vietnam's regulations on credit policies for agricultural and rural development;
- Implement the export business plan according to the provisions of the Commercial Law and guiding documents of the Commercial Law;
- Serving the business of small and medium-sized enterprises according to the Government's regulations on support for the development of small and medium-sized enterprises;
(Compared to Circular 39/2016/TT-NHNN, the content serving business of small and medium-sized enterprises is according to the Government's regulations instead of the Commercial Law)
- Developing supporting industries according to the Government of Vietnam's regulations on supporting industry development;
- Serving the business of enterprises applying high technology according to the provisions of the Law on High Technology and guiding documents of the Law on High Technology;
(Compared to Circular 39/2016/TT-NHNN, the high-tech application regulations are removed directly in the List of high-tech prioritized for development investment)
(Compared to Circular 39/2016/TT-NHNN, adding that credit institutions before lending will assess customers with transparent and healthy in their financial status)
See more details in the draft Circular.
Ngoc Nhi
