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ANNOUNCEMENT 22 May 2013
In May 2013, the government of Vietnam announced a change in private-sector financial support and a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
2
SOURCE
Original Notification
http://www.moj.gov.vn/vbpq/en/Lists/Vn%20bn%20php%20lut/View_Detail.aspx?ItemID=10710
22 May 2013
http://en.vdb.gov.vn/Images/Documents/89883228-e6cb-40bb-bd81-4d3e4c9dc388.pdf
17 October 2013 http://www.moj.gov.vn/en/ct/Lists/Activities%20of%20Public%20Administration%20Reform%20And%20Jus/View_Detail.aspx?ItemID=192
On 22 May 2013, Vietnam through Decree No. 54/2013/ND-CP extended the term for state export credit and investment credit for businesses engaged in certain sectors that are operating at a loss in 2011 and 2012 and have no repayment source for their loans with the Vietnam Development Bank.
- Investment credit tenure is extended from 12 to 15 years for infrastructure projects in electricity, cements and steel production, clean water supply and environment
- Export credit tenure extended from 12 to 36 months for vegetables, fruits and aquatic products exprot companies. This list was extended to include processed cashew and coffee products on 17 October 2012.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries
AFFECTED SECTORS
AFFECTED PRODUCTS
On 22 May 2013, Vietnam through Decree No. 54/2013/ND-CP extended the term for state export credit and investment credit for businesses engaged in certain sectors that are operating at a loss in 2011 and 2012 and have no repayment source for their loans with the Vietnam Development Bank.
- Investment credit tenure is extended from 12 to 15 years for infrastructure projects in electricity, cements and steel production, clean water supply and environment
- Export credit tenure extended from 12 to 36 months for vegetables, fruits and aquatic products exprot companies. This list was extended to include processed cashew and coffee products on 17 October 2012.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries