Economics
 | 23-12-2010 | 00:00:00

Interest rates of export credit loans in VND to be lifted to 11.4% a year

 The Ministry of Finance has promulgated circular No 203/2010/TT-BTC on interest rates of State investment and export credit loans and the interest rate difference for calculating post-investment assistance.

Accordingly, the interest rate of State investment and export credit loans denominated in Vietnam dong (VND) will be lifted from 9.6% to 11.4% a year and for loans denominated in a convertible foreign currency will rise from 6% to 6.6% a year.

Also under the circular, the interest rate difference for calculating post-investment assistance applicable to loan projects denominated in VND will be 2.4% a year and for loan projects denominated in a foreign currency will be 0.8% a year.

The decision will be validated on January 27 and will replace decision No 3280/QD-BTC of the Ministry of Finance dated December 25, 2009.

(CPV)

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