HANOI DEPARTMENT OF JUSTICE
TLK LAW FIRM

On November 7, 2023, the Government issued Decree 78/2023/ND-CP amending and supplementing a number of articles of Decree 32/2017/ND-CP on State investment credit. 

=> See more: List of audit documents according to Decision 11/2023/QD-KTNN

Accordingly, the State's investment credit capital plan is amended as follows:

- Before July 31 every year, the Vietnam Development Bank develops the State's investment credit capital plan for the following year and sends it to the Ministry of Planning and Investment and the Ministry of Finance with the following contents:

+ Implementation situation and results of implementing the State's investment credit capital plan in the year of implementation, expected State investment credit capital plan next year's;

+ Ability to mobilize capital and balance capital sources to implement the State's investment credit capital plan;

+ Plan to compensate for preferential credit interest rates, management fees, and charter capital of the Vietnam Development Bank to implement the State's investment credit capital plan next year;

+ Operational solutions, implementation organization and expected results.

- Before August 31 every year, the Ministry of Planning and Investment shall preside over and coordinate with the Ministry of Finance and the Vietnam Development Bank to review and complete the State's investment credit capital plan for the following year prepared by the Bank. Vietnam Development Bank built.

- Before December 31 every year, the Ministry of Planning and Investment presides and coordinates with the Ministry of Finance to report to the Prime Minister to assign the target of total State investment credit growth or total capital plan. State investment credit next year for Vietnam Development Bank.

Photo 1. Amending regulations on the State's investment credit capital plan _ hotline: 097 211 8764

Currently, Decree 32/2017/ND-CP stipulates the State's investment credit capital plan as follows:

- The State's investment credit plan assigned annually and medium-term to the Vietnam Development Bank includes the following indicators:

+ Total growth in State investment credit;

+ Capital sources to implement State investment credit;

+ The state budget provides compensation for interest rate differences, post-investment support and management fees.

- Vietnam Development Bank prepares and reports to the Ministry of Finance and the Ministry of Planning and Investment on the State's annual and medium-term investment credit plans according to the provisions of the Law on Public Investment and regulatory documents. relevant laws.

- The Ministry of Planning and Investment presides over and coordinates with the Ministry of Finance to appraise the State's investment credit plan prepared by the Vietnam Development Bank. The Ministry of Planning and Investment synthesizes and reports to the Prime Minister for consideration and decision in the socio-economic development plan.

Decree 78/2023/ND-CP takes effect from December 22, 2023.

=> See more: Reduce loan interest rates at the request of the State Bank

Photo 1. Amending regulations on the State's investment credit capital plan _ hotline: 097 211 8764

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