| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 37/2003/QD-TTg | Hanoi, March 12, 2003 |
DECISION
ON THE IMPORT OF UREA FERTILIZER FOR CIRCULATION RESERVE
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
At the proposals of the Minister of Trade and the Minister of Agriculture and Rural Development,
DECIDES:
Article 1.- To reserve for circulation 100,000 tons of urea fertilizer so as to contribute to stabilizing the domestic selling prices of urea fertilizer. The duration of reserve for circulation shall be 6 months, counting from March 20, 2003. Enterprises assigned to reserve urea fertilizer for circulation shall borrow capital from commercial banks themselves for the import of urea fertilizer in adequate quantity assigned for reserve for circulation; the State budget shall support 100% of the bank loans' interest rate in the reserve duration.
This imported urea fertilizer volume shall be subject to VAT only when it is delivered from the reserving warehouses for sale.
To assign the Ministry of Agriculture and Rural Development to discuss with the Ministry of Trade on the designation of 2 or 3 State enterprises specialized in fertilizer trading and/or import (enterprises which import fertilizers in large volume, has a healthy financial status and reserve warehouses) to conduct importation in March 2003.
