IT ' S SMART

The guide supports the bank loan interest rate to purchase grain storage, East Spring rice in 2011-2012.

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Base of Protocol 118 /2008/NĐ-CP November 27, 2008 of the Government Regulation, mandate, authority, and organizational structure of the Ministry of Finance;

Decision base 287/QĐ-TTg on 09/3/2012 Prime Minister for the purchase of grain reserves, East Spring rice in 2011-2012;

Following the unification with the State Bank of Vietnam at the publication of the 1848 /NHNN-TD on 30 March 2012;

At the suggestion of the Director of Corporate Finance;

The Minister of Finance issued a guidance advisory on the interest of bank loan interest to purchase grain storage, East Spring rice in 2011-2012.

What? 1. Apply Scope and Apply Objects

It applies to merchants who perform grain stores, East Spring rice in 2011-2012 being distributed by the Vietnam Food Association under regulation at Article 2 Decision 287/QĐ-TTg on 09/3/2012 by the Prime Minister.

What? 2. The principle of consideration supports bank loan interest to purchase grain storage, rice.

1. The state budget supports 100% of the interest rate at the commercial bank for Registered Traders in accordance with Article 1 This is to purchase grain reserves, East Spring rice in 2011-2012 under the direction of the Prime Minister at the Decision. 287/QD-TTg on 09/3/2012.

2. The loans that are supported by interest are pre-debt loans and in the term at the time of interest in interest rates, do not perform interest in interest rates on overdue loans.

3. The number of grain, rice is supported by the interest rate for each business by the number of grain, the actual rice business bought for storage but did not exceed the maximum number of regulations in the distribution texts that only purchased grain storage, East Spring rice. 2011-2012 Vietnam Food Association.

4. Time for the purchase from 15 March 2012 to the end of April 30, 2012.

5. The duration of the hosting period was the actual storage time between 15 March 2012 and 15 June 2012.

6. The time of interest in bank loan interest is the actual storage time from the time of the grain purchase, the rice was prescribed at 4 This Article to the time of the grain sale, the rice stored but not too late 15 June 2012.

7. Price to calculate interest rates is the actual purchase price according to the market price (which has not included an increased value tax) for each grain, rice. The merchant case buys raw material rice to produce processed food rice, which is the price to support including the cost of manufacturing.

The base to determine the actual purchase price according to market price is the contract for purchase, contract liquation, inventory of goods, receipt of purchase, certificates from money transfers or other related testimonies due to the trader.

8. Support interest rates are the interest of bank loan traders by the credit contract but the maximum does not exceed 14% per year in the direction of the State Bank of Vietnam at the 1479 /NHNN-TD on 14 March 2012.

9. bank loan support from the state budget for the grain, the rice-procurement rice stored under the direction of the Prime Minister is at the expense of other income and is subject to corporate income tax by the current regulation.

What? 3. File, procedure to support bank loan interest rates to buy grain storage, rice

1. File to review bank loan interest support

a) The state budget proposal of the state budget supports the trader's bank interest rate of procurement of grain, rice. It is recommended by the General Food Corporation of the North and the Southern Food Corporation to offer the total support of the members of the Corporation.

b) The copy of the contract for credit contract between traders and commercial banks where merchants borrowed capital money to purchase grain reserves, East Xuân rice 2011-2012 under the direction of Prime Minister of Government rules at Decision 287/QD-TTg on 09/3/2012.

c) The enumerate table, export, inventory of grain for storage. The table has to be confirmed by the Department of Commerce where the trader has a grain stockpile, the rice according to the number one form of this message.

The case of merchants deploying, storing rice grain in many localities, has to set up a table of entry, export, and inventory of grain purchased by every confirmed local area of the Department of Commerce (where the merchant has a stockpile). According to the local Department of Public Works, the merchants set up a table of aggregation, export, barn inventory, stockpile rice, and were responsible for the accuracy of the composite figures.

d) A bank loan balance sheet to buy grain, stockbank rice and bank interest payments arose from the time of the purchase by regulation at paragraph 4 Article 2 This Smart to the time of the sale but not too late 15 June 2012 (the Leader ' s confirmation table). The commercial bank where the trader is borrowing is by the number of these two-attached.

The bank interest rate is purchased by the bank, and the stored-up rice is supported (according to this message 3).

After receiving the full profile of the above rule, during the 10-day period of work, the Ministry of Finance set the case and does the procedure to support the interest rate for the trader.

2. The principle of receiving the filing and funding grants support to the trader

a) for the Northern Food Corporation and the Southern Food Corporation:

-The Ministry of Finance took over the combined files of the Northern Food Corporation and the Southern Food Corporation (not taking on the records of the company's membership unit). The appraisal of the interest in the interest rate is made once after the end of the filing and the release period through the Corporation's account.

-The Northern Food Corporation of the North and the Southern Food Corporation of the Southern Food Corporation instructs members of the filing member units to support bank loan and general aggregate interest rates as stipulated at 1 Article 3 of this information to the Ministry of Finance. The total company is responsible for the accuracy of the composite number.

After receiving funding funding issued by the Treasury Department on the account of the Corporation, during the 5-day period work the company's total reissued for member units.

b) For other traders: the Ministry of Finance receives the profile, which appraises the interest in interest of interest rates after the end of the period of storage and the level of funding support through the trader ' s account.

What? 4. The organization ' s responsibility, the state agency is involved in supporting the bank loan interest rate to purchase grain storage, rice and rice.

1. The responsibility of the ministries, the industry, the People ' s Committee of the provinces, the Central City and the Vietnam Food Association in the implementation of the grain purchase, the stored rice

a) The Ministry of Agriculture and Rural Development presided over, in coordination with the Ministry of Commerce, the People ' s Committee of the Provinces, the Central City-producing Central City of East Wing and the Vietnam Food Association overseeing the implementation of the purchase of grain, the stored rice in accordance with the right regulation at Decision 287/QĐ-TTg on 09/3/2012 of the Prime Minister.

b) The State Bank of Vietnam appointed a number of commercial banks to make a purchase of grain purchases, stored rice.

c) The People 's Committee of the Provinces, the Central Committee of the Central Committee of the East Wing of the East Wing directed the Department of Commerce, confirmed the encoffinboard, barn inventory, stockpiles of rice at the warehouses on the provincial site of the merchants' provinces tasked with temporary duty. There's no such thing as a private trader.

d) The Vietnam Food Association is responsible:

-Allocated grain consumption, rice stored for merchants and guaranteed total grain, rice purchased a maximum of 1,000,000 tonnes (one million tons) in accordance with Article 1 Decision 287/QĐ-TTg on 09/3/2012 by the Prime Minister.

-To the Ministry of Finance List of merchants who have been purchased by the Association for the Procurement of Rice, the rice stockholders for the Ministry of Finance to monitor as the basis for consideration of the interest rate support for the prescribed traders.

-Check, monitor the organization of the grain purchase, the rice stored for the traders in accordance with the Regulation 287/QĐ-TTg on 09/3/2012 of the Prime Minister.

2. The responsibility of the trader in the purchase of grain, the stored rice

a) Make a procurement of grain, rice under the direction of the Prime Minister at Decision No. 287/QĐ-TTg on 09/3/2012 with the supervision of the Ministry of Agriculture and Rural Development, Ministry of Commerce, the People ' s Committee of the Provinces, the Central City of China The production of the East Wing and the Vietnam Food Association.

b) Responde for the authenticity of entry, export, barn inventory, stockpile rice, and credit contracts to purchase grain, rice storage, while at the same time responsible for the accuracy of the report figures at the proposed record supporting interest rates.

c) Save the profile, entry, export, bank capital loans, and open book-tracking bookkeeping collection purchased grain, rice under the direction of Prime Minister of Government at Decision No. 287/QD-TTg on 09/03/2012.

d) to be responsible for business efficiency on the purchase of grain, stored rice.

Accountable to the law if there is a violation of financial regulation, accounting for grain storage, rice.

What? 5. Organization implemented

This message is valid from the date of the signing.

In the course of execution if there is difficulty entanging, the offer of units reflects in time to the Ministry of Finance to have a ./ processor guidance.