On May 30, 2022, the Government issued Decree 36/2022/ND-CP on interest rate support for loans at the Vietnam Bank for Social Policies.
Accordingly, the conditions for the state budget's support with an interest rate of 2%/year for a loan at the Vietnam Bank for Social Policies include:
- Having a loan that meets the following conditions:
+ Belongs to policy credit programs loaned by Vietnam Bank for Social Policies under: Government's Decree; Decision of the Prime Minister; entrustment documents of local authorities, economic organizations, socio-political organizations, associations, associations, non-governmental organizations, domestic and foreign individuals; agreements and contracts on on-lending from ODA and foreign incentives; other foreign funding arrangements;
+ Having a loan interest rate in Vietnam of over 6%/year;
+ Being disbursed by the Bank for Social Policies and having outstanding loans during the period of interest rate support.
- Customers borrow capital to the right borrowers and use the loans for the right purposes according to regulations.
See details in Decree 36/2022/ND-CP, effective from May 30, 2022.
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