| STATE BANK OF VIETNAM --------------------- No. 5150/NHNN-CSTT Ref: providing specific guidance on some contents regarding the final settlement of interest rate support | SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom – Happiness ------------------------- Hanoi, 09 July 2010 |
To: - Commercial banks
- Branch of foreign banks operating in Vietnam
- Central People's Credit Fund
- Finance companies
With a view to implementing the Directive No. 02/CT-NHNN dated 17 December 2009 of the Governor of the State Bank of Vietnam, State Bank of Vietnam hereby provides guidance on some certain points regarding the final settlement of interest rate support amount for short term loans in Vietnamese Dong by organizations, individuals at commercial banks, joint venture banks, branches of foreign banks and 100% foreign owned banks operating in Vietnam, Central People's Credit Funds and finance companies (hereinafter referred to as commercial banks) as follows:
1. Data for making report on final settlement of interest rate support amount shall be the data arising from 1 February 2009 till 31 December 2009 and must be matching with the consolidated data in 8 month report (from February to December 2009) which commercial banks sent to State Bank of Vietnam on monthly basis to make basis for transferring 80% of interest rate support amount to commercial banks; if the data for making settlement report is not matching with consolidated data in 8 months, commercial banks shall be required to make specific explanation about such difference of data.
2. Documents, materials of the commercial banks for final settlement of interest rate support amount
a. At branches, operation department of commercial banks:
- A Confirmation of interest rate support under the guidance in point 1.1 stated in the Official Dispatch No. 1436/NHNN-CSTT dated 3 March 2009 and the detailed List of Confirmation of interest rate support by each borrower.
- The accounting list of loan interest amount payable and loan interest amount entitled to interest rate support of borrowers as at 31 December 2009, but the payment period of interest has not become due under the guidance in the Official Dispatch No. 1444/NHNN-CSTT dated 26 February 2010 on implementation of interest rate support (the List of interest receivable from borrowers entitled to interest rate support).
- The list of turnover and balance of accounts: receivables, payables on interest rate support in 2009 in accordance with the Appendix 01 of the Official Dispatch No. 4700/NHNN-TCKT dated 22 June 2009 (drawn for the whole year 2009, not for each month).
- Settlement reports made in accordance with the appendix of this Official Dispatch, including: detailed report on amount that has been used for interest rate support under the Appendix 01; detailed report on the amount of interest rate support that has been recovered for refund to the State under the Appendix 02; Application for final settlement of interest rate support amount for short term loans under the appendix 03
