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Preferential loans granted by Vietnam Environment Protection Fund

14:25, 17/04/2017

On March 21, 2017, the Ministry of Natural Resources and Environment issued Circular No. 03/2017/TT-BTNMT providing guidance on preferential loans and post-investment interest rate incentives granted by the Vietnam Environment Protection Fund.

According to Circular No. 03/2017/TT-BTNMT, the project owner carrying out the environmental protection investment project may take out a preferential loan on which the maximum interest rate is stipulated by Clause 1 Article 42 of Decree No. 19/2015/ND-CP of Vietnam’s Government.

The maximum loan amount:

- 5% of the realized charter capital of the Vietnam Environment Protection Fund/project;

- 10% of the realized charter capital of the VEPF/project owner; except for loans derived from the entrusted or authorized funding sources of the Government, organizations or individuals.

The borrowed fund shall be used for investing in integral components of the project financed by that borrowed fund with construction, equipment installation and technological application works preferred.

Moreover, Circular No. 03/2017/TT-BTNMT also guides application documentation for loans granted by Vietnam Environment Protection Fund, including documents required by laws and financial documents.

View details at Circular No. 03/2017/TT-BTNMT of the Ministry of Natural Resources and Environment of Vietnam, effective from May 05, 2017.

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