| THE STATE BANK ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 05/2002/TT-NHNN | Hanoi, September 27, 2002 |
CIRCULAR
GUIDING LOAN CAPITAL PROVISION TO PRODUCERS AND ENTERPRISES SIGNING CONTRACTS ON COMMODITY FARM PRODUCE CONSUMPTION UNDER THE PRIME MINISTER’S DECISION No. 80/2002/QD-TTg OF JUNE 24, 2002
In furtherance of the provisions in Clause 3, Article 3 and Clause 4, Article 8 of the Prime Minister’s Decision No. 80/2002/QD-TTg of June 24, 2002 on policies to encourage the contractual sale of commodity farm produce, the State Bank Governor hereby guides commercial banks to provide loans and apply the mechanism of loan security with properties formed from loan capital or with trust guarantee, as well as interest rates to producers and enterprises that have signed contracts on commodity farm produce consumption as follows:
1. Commercial banks shall accelerate the mobilization of domestic capital and take advantage of foreign assistance capital source, so as to ensure adequate loan capital to be provided for producers and enterprises that have signed contracts on commodity farm produce consumption in the forms prescribed in Article 2 of the Prime Minister’s Decision No. 80/2002/QD-TTg:
- Producers, including: cooperatives, peasant households, farm owners and representatives of peasant households engaged in agricultural, forestry, and aquacultural production and salt-making that have signed commodity farm produce consumption contracts with commodity farm produce-consuming enterprises;
- Enterprises of various economic sectors, which have signed contracts on the consumption of commodity farm produce or salt with producers.
2. Commercial banks shall provide loans to producers and enterprises that have signed contracts on commodity farm produce consumption under commercial credit mechanism and apply some measures as follows:
a) To take initiative in approaching and evaluating loan demands of producers and enterprises; for efficient and feasible production and business plans as well as investment projects, to promptly sign credit contracts and disburse the loan capital according to the tempo of contractual performance, suitable to the crop seasons and demands of producers and enterprises.
