Công văn 9776/NHNN-CSTT

To: Credit institutions

With a view to implementing guidelines of the Government on inflation restraint, taking initiative in preventing negative effects of financial crisis and risk of the world economic regression, ensuring the macro economic stability, maintaining reasonable and sustainable growth; State Bank of Vietnam would like to request credit institutions to carry out some of following measures:

1. To adjust business interest rates in Vietnam Dong in line with provisions of the State Bank of Vietnam and ensuring the ability of capital mobilization, safe and effective business operation.

2. To gather credit capital for production, agriculture and rural areas, especially for the production of rice in Winter- Spring rice crop by farmers' households, export, import of essential commodities, small and medium sized enterprises, projects of production, business investment and projects of real estates investment which are feasible, effective and capable of making debt repayment in the due course.

3. To carry out the restructuring of debt repayment period in accordance with the Decision No. 783/2005/QD-NHNN dated 31 May 2005 of the Governor of the State Bank for loans which are not paid in due course due to effects of the world financial crisis, resulting in the difficulties in production, business, the deferred consumption and export of products, holdup of such commodities as rice, cements and steel in stock, etc...

Any difficulty, query that may arise during the implementation process should be timely reported by credit institutions to State Bank of Vietnam for consideration and solution.