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Vietnam: The government guaranteed amount shall not exceed 70%

Lê Hải

15:59, 03/07/2018

This is a notable content specified in Decree No. 91/2018/ND-CP dated June 26, 2018 of Vietnam’s Government regarding government guarantee issuance and management.

According to Decree No. 91/2018/ND-CP of Vietnam’s Government, with regard to a project of which the investment policy is approved by the National Assembly, or the Government, the guaranteed amount equals the loan principal, or the price of bonds issued, but does not exceed 70% of total investment as defined in the investment decision issued by a competent authority.

With regard to a project in which investment is decided by the Prime Minister, the guaranteed amount equals the loan principal, or the price of bonds issued, but does not exceed 60% of total investment specified in the investment decision.

The maximum guaranteed amount for bonds issued by a bank for social policies is 100% of the limit on quantity of government-guaranteed bonds issued with the approval by the Prime Minister under regulations in Article 48 of Decree No. 91/2018/ND-CP.

View more details at Decree No. 91/2018/ND-CP of Vietnam’s Government, officially effective from July 01, 2018.

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