New regulations on supporting to reduce post-harvest losses

(Monday, July 16, 2012)

No/Sign: 22/2012/TT-NHNN

Type of documents : Circulars

Issuing date: 06/22/2012

(vasep.com.vn) In June 22nd 2012, the Governor of the State Bank of Vietnam has signed the Circular No.22/2012/TT-NHNN guiding the implementation of the Prime Minister’s Decision No. 63/2010/QĐ-TTg dated October 15th 2010 and the Decision No. 65/2011/QĐ-TTg dated December 2nd 2012 on assistance policies to reduce post-harvest losses of agricultural and aquatic products.

The Vietnam Banks for Agriculture and Rural Development (VBARD), The Mekong River Delta Housing Development Bank, Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) are in charge of implementing supportive policy on low interest rate loans to reduce post-harvest losses of agricultural and aquatic products.

VBARD will be the lender providing loans with credit interest rate for development investments. Organizations, households and individuals can get loans to purchase machines, equipments to reduce post-harvest losses.

The Decisions also clarifies organizations and individuals investing in construction of 4 million-ton stockpile for rice, corn, cold storage for vegetables and seafood preservation (including cold storage on the fishing vessels), temporary storage for coffee and projects on investing and manufacturing agricultural machines and equipments.

The Circular also indicates detail guidelines on conditions to get low interest rate loans and loans with credit interest rate for development investments as well as loan amount, interest rate of loans, responsibility of state commercial banks and borrowers.