Circular No. 76/2001/TT-BTC dated September 25, 2001 of the Ministry of Finance guiding a number of points in the regulation on export support credit, issued together with the Prime Minister’s Decision No. 133/2001/QD-TTg dated September 10, 2001
THE MINISTRY OF FINANCE
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, September 25, 2001
GUIDING A NUMBER OF POINTS IN THE REGULATION ON EXPORT SUPPORT CREDIT, ISSUED TOGETHER WITH THE PRIME MINISTER’S DECISION NO. 133/2001/QD-TTG OF SEPTEMBER 10, 2001
In furtherance of the Prime Minister’s Decision No.133/2001/QD-TTg of September 10, 2001 promulgating the Regulation on export support credit, the Finance Ministry hereby provides specific guidance on a number of points in the said Regulation as follows:
I. GENERAL PROVISIONS
1. In this Circular, the following words and phrases shall be construed as follows:
a/ Units mean subjects defined in Article 3 of the Regulation on export support credit, issued together with the Prime Minister’s Decision No.133/2001/QD-TTg of September 10, 2001.
b/ Export bidding participation guarantee means a written commitment to ensure bidding participation obligation of the exporter (the guaranteed party) towards the bid solicitor (the guarantee-receiving party), issued by the Development Assistance Fund.
c/ Export contract performance guarantee means a written commitment, issued by the Development Assistance Fund to the importer (the guarantee-receiving party), to ensure the performance of all obligations by the exporter (the guaranteed party) towards the importer.
>> See also: Goods under the temprorary import, re-Export have to declare dutiable value
d/ Reciprocal guarantee means a form of guarantee, issued by the Development Assistance Fund to a credit institution, requesting the latter to grant guarantee for obligations of the units being subjects entitled to bidding participation guarantee or export contract performance guarantee of the Development Assistance Fund. In cases where arise guarantee obligations, which must be performed by the credit institution, the Development Assistance Fund shall have to perform the reciprocal guarantee obligation towards the credit institution.
e/ Guarantee contract means a written agreement between the Development Assistance Fund and the guaranteed party, on the concerned parties rights and obligations in guarantee and repayment.
f/ Credit institutions mean those credit institutions set up and operating under the provisions of the Law on Credit Institutions.
2. The Development Assistance Fund is allowed to mobilize medium- and long-term capital; have its charter capital and post-investment interest rate-support capital allocated and the interest rate difference covered by the State budget under the State’s plan, for performance of the export support credit task.
II. MEDIUM- AND LONG-TERM INVESTMENT LOANS
1. Loan subjects: shall comply with the provisions of Article 6 of the Regulation on export support credit, issued together with the Prime Minister’s Decision No.133/2001/QD-TTg of September 10, 2001.
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>> See also: Official Dispatch No. 1744/TCHQ-GSQL dated April 22, 2011 of the Ministry of Customs on C/O form D for on-spot import and export