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New law on state credit loans

by VTV405 April 2017 Last updated at 17:19 PM

VTV.vn - The government has recently issued a new decree on state credit investment.

The regulation specifically defines interest rates and the terms and conditions of eligibility for state credit loans. Under the new law, applicants must meet requirements of legal compliance, economic sustainability and suitability. The designated evaluator is the Bank of Investment and Development of Vietnam (BIDV).

Moreover, the new law has ruled out credit loans for projects currently receiving preferential loans from foreign institutions.

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