SBV adds up participators of interest rate support program

The SBV Governor issued Decision 831/QĐ-NHNN, on April 8th, 2009, on adding up finance companies as creditors in the interest rate support scheme. The Decision took effect on the signing date.

Under this Decision, such finance companies as the Textile Finance Company, the Song Da Joint-Stock Finance Company, the EVN Joint-Stock Finance Company, and the Cement Joint-Stock Finance Company are added up to the list of participators of the interest rate support program. These finance companies are responsible for implementing the interest rate support scheme in accordance with Decision 131/QD-TTg dated January 23rd, 2009 granting interest rate support to business and productive corporate and individual borrowers, Decision 333/QD-TTg dated March 10th, 2009 on amendment to Decision 131/QD-TTg, and Decision 443/QD-TTg of the Prime Minister dated April 4th, 2009 on interest rate support in terms of mid and long-term loans for the business and productive corporate and individual borrowers.

Additionally, those eligible loan contracts signed by the above-mentioned finance companies from February 1st, 2009, are also governed by the interest rate support scheme in accordance with the applicable regulations .

My Huong

sbv

>   SBV Governor attends ASEAN Central Bank Governors’ and Finance Ministers' Meetings (09/04/2009)

>   No one expects basic interest rate reduction (09/04/2009)

>   SBV guidance on interest rate support for medium and long-term loans (09/04/2009)

>   Dollar surplus as dong loans find more takers (09/04/2009)

>   Gov’t says interest rates should be in line with 6 pct inflation (09/04/2009)

>   Banks banned from opening new gold trading floors (09/04/2009)

>   Two more state-owned groups to be audited (08/04/2009)

>   Q1 2009 the bottom of recession already: Expert (08/04/2009)

>   Bonds drop a second day on supply; dong strengthens (08/04/2009)

>   Gold rises for first time in four days as drop lures buyers (08/04/2009)