On October 01, 2014, the State Bank of Vietnam issued the Circular No. 28/2014/TT-NHNN amending, supplementing a number of Articles of the Circular No. 06/2009/TT-NHNN dated April 09, 2009 of the State Bank of Vietnam regulating in details the policy on lending with preferential interest rate under the program of supporting poor districts at Resolution No. 30a/2008/NQ-CP dated December 27, 2008 of the Government.
Accordingly, beside supported by the loan rate is 50% of interest rate in each period, the poor households in 61 provinces are also have chances to get the maximum loan of VND 10 million at Vietnam Bank for social policies to buy cattle and poultry breeds, aquaculture breed or develop the sectors. And the time to apply interest rate as stipulated is 3 years since poor households receive the loan.
For loans as stipulated under the Circular No. 06/2009/TT-NHNN arising before December 31, 2013 and being residual at Vietnam Bank for social policies shall continue the implementation of signed credit contract in accordance with the law at the time of signing the contract. Borrowing the preferential capital as stipulated under the Decision No. 2621/QD-TTg and this Circular shall be implemented after the time limit for loan is expired and poor households in the poor districts fulfill their obligations of paying debt according to the above contract.
This Circular takes effect on October 02, 2014
Under luatvietnam.vn
