Vietnam: Loan support at preferential interest rates for small and medium-sized enterprises

Le Hai

10:27, 16/05/2019

This is a notable content specified in Decree No. 39/2019/NĐ-CP of Vietnam’s Government on organization and operation of the small and medium enterprise development fund.

According to Decree No. 39/2019/NĐ-CP of Vietnam’s Government, the small and medium enterprise development fund is an out-of-budget state financial fund operating for not-for-profit purposes which is established by the Prime Minister and shall adopt the operational structure of single-member limited company whose chartered capital is wholly owned by the State.

There are 02 forms of lending, including direct lending and indirect lending with the direct lending interest rate of 80% as much as the lowest interest rate on commercial lending.

In which, the lowest interest rate on commercial lending shall be determined by comparing interest rates between 04 state-invested commercial banks and selecting the interest rate of the bank whose total asset is greatest at the time of determination of the Fund's lending interest rate.

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