On November 7, 2023, the Government issued Decree No. 78/2023/NĐ-CP amending and supplementing certain provisions of Decree No. 32/2017/NĐ-CP on state investment credit.

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Accordingly, the state investment credit plan is amended as follows:

Before July 31 each year, the Vietnam Development Bank shall develop the state investment credit plan for the following year and submit it to the Ministry of Planning and Investment, the Ministry of Finance, including the following contents:

Implementation status and results of the previous year’s state investment credit plan, expected plan for the next year;

• Capability to mobilize capital and balance funding sources for implementing the state investment credit plan;
• Plan for subsidizing preferential interest rates, management fees, and charter capital of the Vietnam Development Bank to implement the state investment credit plan for the next year;
• Operational solutions, organization of implementation, and expected results.
• Before August 31 each year, the Ministry of Planning and Investment, in coordination with the Ministry of Finance and the Vietnam Development Bank, shall review and refine the state investment credit plan for the next year developed by the Vietnam Development Bank.

Before December 31 each year, the Ministry of Planning and Investment, in coordination with the Ministry of Finance, shall report to the Prime Minister on the overall target for the total growth of state investment credit or the total plan for state investment credit for the next year, assigned to the Vietnam Development Bank.

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Decree 78/NĐ-CP will be effective from December 22, 2023.

This news is for informational purposes about newly issued legal regulations and is not intended for specific cases or advisory purposes.

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