CHUKY

DECISION

On determining the minimum lending interest rate
of Ba Ria – Vung Tau Development Investment Fund

 

THE PEOPLE’S COMMITTEE OF BA RIA-VUNG TAU PROVINCE

 

Pursuant to the Law on Organization of People’s Council and People’s Committee dated 26 November 2003;

Based on the Decree No.138/2007/NĐ-CP dated August 28th, 2007 of the Government on the organization and operation of Local Development Investment Funds;

Based on the Decree No.37/2013/NĐ-CP dated April 22nd, 2013 of the Government on the amendments to the Government’s Decree No. 138/2007/ND-CP dated August 28th 2007 on the organization and operation of Local Development Investment Funds;

Based on the Decision No.2614/QĐ-UBND dated November 11th, 2013 of the People’s Committee of Ba Ria – Vung Tau province on the establishment of Ba Ria – Vung Tau Development Investment Fund;

Based on the Resolution No.01/NQ-HĐQL dated May 21st, 2014 of the Management Council of Ba Ria – Vung Tau Development Investment Fund on approving the formula to determine the minimum lending interest rate brackets;

Based on the recommendation of the Management Council of Ba Ria – Vung Tau Development Investment Fund at Proposal No. 26/TTr-HĐQL dated November 24th, 2014,

DECIDES:

Article 1. To determine the minimum lending interest rate of Ba Ria – Vung Tau Development Investment Fund for the period from 2014 to 2015, details are as follows:

  1. The minimum lending interest rate of Ba Ria – Vung Tau Development Investment Fund apply to projects in Group 01 shall equal the ceiling deposit rate with 1-month to below six-month term of the State Bank plus (+) 1% per year.
  2. The minimum lending interest rate of Ba Ria – Vung Tau Development Investment Fund apply to projects in Group 02 shall equal the minimum lending interest rate on projects in Group 01 plus (+) 0.5% per year.
  3. For projects using funds raised from international organizations with terms on lending interest rate differ from this Decision, the lending interest rates in the contracts with international organizations shall apply.

Article 2. List of projects belong to Group 1 and Group 2 shall be specified in the Appendix of this Decision.

Article 3. This Decision shall become effective on the date of signing and replace the Decision No.1203/QD-UBND dated June 16th, 2014 of the People’s Committee of Ba Ria – Vung Tau province on determining the minimum lending interest rate of Ba Ria – Vung Tau Development Investment Fund for the period from 2014 to 2015.

Article 4. Chief of the Provincial People’s Committee Office; Heads of Departments: Finance, Planning and Investment, Construction, Transport; the State Treasury of Ba Ria – Vung tau province; Chairman, Vice Chairman and other Members of the Management Council of the Fund; Heads of the People’s Committee of Districts and provincial City and chiefs of related Departments, agencies, and individuals shall implement this Decision./.

 CHUKY

Appendix:

(To the Decision No.2712/QĐ-UBND dated on December 11th, 2014

of the People’s Committee of Ba Ria – Vung Tau province)

  1. Projects belong to Group 01:
  2. Logistics (including warehouses, storages, transport and port services).
  3. Investment in construction of logistic hubs.
  4. Investment in ports and supporting services.
  5. Investment in construction of social and economic infrastructure in Con Dao Island.
  6. Investment in agriculture, forestry, fishery and rural development projects.
  7. Investment in construction and preservation of protective forests, protection of agricultural, forestry and fishery production.
  8. Investment in infrastructure for salt production.
  9. Investment in infrastructure for rural development.
  10. Investment in construction of infrastructure for agricultural, forestry and fishery processing zones.
  11. Investment in construction and development of social housing (for low-income families, public servants and students).
  12. Investment in construction and expansion of hospitals, clinics, schools.
  13. Investment in construction of infrastructure for resettlement areas, cultural and sport centers, public parks. Investment in construction and improvement of recreational facilities in line with the preservation of local environment, natural landscape, and historical sites.
  14. Projects belong to Group 02:
  15. Investment in construction of basic infrastructure which directly serve transport hub projects.
  16. Investment in expanding electricity, using solar energy, wind power, and renewable energy.
  17. Investment in construction of sanitised water supply system, sewerage, treatment of water waste and garbage and greenhouse gas emissions; building waste recycle system.
  18. Investment in research and development of eco-friendly products.
  19. Investment in developing public transportation system.
  20. Investment in construction of industrial infrastructure including industrial zones and clusters.
  21. Investment in industrial supporting projects.
  22. Relocation of small-scale production facilities and craft villages.
  23. Investment in infrastructure for specialised industrial parks and supporting industries.
  24. Investment in construction and improvement of reservoir and aquatic systems.
  25. Investment in construction of supermarkets, marketplace, commercial centers, and urban embellishment projects.
  26. Investment in construction of infrastructure for residential areas, urban areas, and tourist attractions.

This translation is translated by BVDIF, for reference only.

 

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