ANNOUNCEMENT

OF THE LENDING INTEREST RATES

       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 Decision No.1548/QĐ-UBND dated July 14th, 2015 of the People’s Committee of Ba Ria – Vung Tau province on determining the minimum lending rate of Ba Ria – Vung Tau Development Investment Fund;

       Having regards to the announcements of interest rates on VND applied to 6- month term deposit for personal with interest paid at maturity from the four commercial banks located in Ba Ria – Vung Tau, including Vietcombank Vung Tau, Vietinbank Ba Ria – Vung Tau, BIDV Ba Ria – Vung Tau, and Agribank Vung Tau,

       Ba Ria – Vung Tau Development Investment Fund announces the lending interest rates applied from the 1st of August 2015 onwards, details are as follows:

  1. Lending interest rates

                                                                                      Unit: %/year

No. INVESTMENT SECTOR Loan terms
1-3 years 3-5 years Above 5 years
I Transport, energy and environment infrastructure      
1 Investment in construction of basic infrastructure which directly serve transport hub projects. 6.5 7.0 7.5
2 Investment in expanding electricity, using solar energy, wind power, and renewable energy. 6.5 7.0 7.5
3 Investment in construction of sanitised water supply system, sewerage, treatment of waste water, garbage and greenhouse gas emissions. 6.5 7.0 7.5
4 Investment in construction of waste recycle system; investment in research and development of eco-friendly products. 7.5 8.0 8.5
5 Investment in developing public transportation system. 7.5 8.0 8.5
II Industry and supporting industry      
1 Investment in construction of industrial infrastructure including industrial zones and clusters. 7.0 7.5 8.0
2 Investment in industrial supporting projects. 7.0 7.5 8.0
3 Relocation of small-scale production facilities and craft villages. 7.0 7.5 8.0
4 Investment in infrastructure for specialised industrial parks and supporting industries. 7.0 7.5 8.0
III Agriculture, forestry, fishery and rural development
1 Investment in construction and improvement of reservoir and aquatic systems. 6.5 7.0 7.5
2 Investment in agriculture, forestry, fishery and rural development projects. 6.5 7.0 7.5
3 Investment in construction and preservation of protective forests, protection of agricultural, forestry, fishery, and salt production. 6.5 7.0 7.5
4 Investment in infrastructure for rural development. 6.5 7.0 7.5
5 Investment in construction of infrastructure for agricultural, forestry and fishery processing zones. 7.0 7.5 8.0
IV Private sector’s involvement in public infrastructure      
1 Investment in construction and development of social housing (for low-income families, public servants and students). 7.0 7.5 8.0
2 Investment in construction and expansion of hospitals, clinics, schools. 6.5 7.0 7.5
3 Investment in construction of supermarkets, marketplace, commercial centers, urban embellishment projects, infrastructure for residential areas, urban areas, resettlement areas, cultural and sport centers, public parks (in line with the provincial collective funding programme). 7.5 8.0 8.5
4 Investment in construction and improvement of tourist attractions and recreational facilities in line with the preservation of local environment, natural landscape, and historical sites. 7.5 8.0 8.5
V Other social and economic infrastructure investment sectors      
1 Logistics (including warehouses, storages, transport and port services). 6.5 7.0 7.5
2 Investment in construction of logistic hubs. 6.5 7.0 7.5
3 Investment in ports and supporting services. 7.0 7.5 8.0
4 Investment in construction of social and economic infrastructure in Con Dao Island. 6.5 7.0 7.5
  1. Policies on applying lending interest rates:

       The lending interest rates mentioned in session 1 above shall apply to clients with strong and transparent financial position and match all lending requirements of Ba Ria – Vung Tau Development Investment Fund.

       Depending on the loan amount; the feasibility of project and the ability of project owner or the priority investment sector; good cooperation with the clients, etc., some specific projects might be offered the lending interest rates that are higher or lower than the rates stated in Figure 1. In these cases, the Investment – Credit & International Cooperation Department shall submit the appropriate lending interest rate on each loan project to the Fund’s Director for approval, provided that these rates shall not be less than the minimum lending interest rates determined by the provincial People’s Committee.

  1. Implementation:

       Relevant Departments shall be responsible for informing and implementing this Announcement. Any difficulties which might arise from the implementation of this Announcement shall be informed to the Investment – Credit & International Cooperation Department to report to the Director.

DIRECTOR

(Signed and sealed)

Nguyen Dinh Nguyen

 

 

 

 

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