THE GOVERNMENT
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No. 55/2015/ND-CP
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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                                               Hanoi, June 9, 2015
DECREE
On credit policies for agricultural and rural development
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the June 16, 2010 Law on the State Bank of Vietnam;
Pursuant to the June 16, 2010 Law on Credit Institutions;
At the proposal of the Governor of the State Bank of Vietnam,
The Government promulgates the Decree on credit policies for agricultural and rural development.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
1. This Decree prescribes credit policies for agricultural and rural development, contributing to building a new countryside and improving the lives of farmers and rural residents.
2. Credit policies for agricultural and rural development prescribed in this Decree do not include credit policies applied to agriculture and rural areas by the Vietnam Bank for Social Policies and the Vietnam Development Bank.
Article 2. Subjects of application
1. Organizations providing loans for agricultural and rural development that are credit institutions or foreign bank branches organized and operating under the Law on Credit Institutions (below collectively referred to as credit institutions).
2. Organizations and individuals (below collectively referred to as clients) that may borrow loans under this Decree, including:
a/ Individuals and households residing in rural areas or engaged in production and business activities in the field of agriculture;
b/ Business households operating in rural areas;
c/ Farm owners;
d/ Cooperative groups, cooperatives and unions of cooperatives located in rural areas or engaged in production and business activities in the field of agriculture;
dd/ Enterprises conducting production and business activities in rural areas, except real estate enterprises, mining enterprises, hydropower and thermo-power plants and enterprises other than those mentioned at Point e, Clause 2 of this Article, which are situated in industrial parks or export-processing zones;