Loan amount and loan limit of cooperative fund in Vietnam
Recently, the Government of Vietnam issued Decree 45/2021/ND-CP on the establishment, organization and operation of the Cooperative Development Support Fund.
Article table of contents
Based on the plan for use of borrowed money, financial capability, capacity to repay debts, and loan security of each client, and the loan limit prescribed in Vietnam's Decree 45/2021/ND-CP the cooperative fund shall consider and decide the specific loan amount given to that client in conformity with its available capital sources and financial capability.
Loan limit of cooperative fund in Vietnam:
- Total loan outstanding balance of a client shall not exceed 15% of the existing charter capital of the cooperative fund at the time it decides to grant loans;
- Total loan outstanding balance of a client and related persons shall not exceed 25% of the existing charter capital of the cooperative fund at the time it decides to grant loans.
Cooperative funds provide syndicated loans according to specific agreements between such cooperative funds and clients, and in conformity with regulations herein and relevant laws in Vietnam.
More details can be found in: Vietnam's Decree 45/2021/ND-CP takes effect from May 15, 2021.
27 lượt xem
- Vietnam: Propagating and disseminating the Law on Medical Examination and Treatment 2023
- Guidelines for profit distribution with state-owned joint stock companies in Vietnam
- Consolidated financial reporting system of the Vietnam Development Bank
- 02 additional forms of bid documents for online procurement of medicinal herbs in Vietnam
- To coordinate in giving guidelines regarding positions of civil servants and public employees in communication activities
- To propose removing regulations on land price brackets from legislative documents in Vietnam
-
- Cases of appropriate referrals in Vietnam
- 22:35, 22/03/2023
-
- Vietnam: Propagating and disseminating the Law ...
- 16:38, 22/03/2023
-
.Medium.png)
- Notable new policies of Vietnam effective from ...
- 15:14, 22/03/2023
-
.Medium.png)
- Highlights of the last week's documents (March ...
- 14:59, 22/03/2023
-
- Crime of infringement upon the freedom of religion ...
- 08:37, 22/03/2023
.png)
Requirements for participating in the input quality accreditation of officials; Criteria for assessment of the result of professional training in firefighting ...
On February 23, 2023, the Prime Minister of Vietnam promulgated
On February 15, 2023, the Government of Vietnam promulgated Decree No.
-
-
Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City Phone: (028) 7302 2286 E-mail: info@lawnet.vn
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;