Circular 5/1998/TT-NHNN1

THE STATE BANK OF VIETNAM

CIRCULAR No. 5/1998/TT-NHNN1 of June 9, 1998 guiding the settlement of debts and provision of preferential loans to overcome the consequences of the hot spells and drought in the first months of 1998 under Decision No. 90/1998/QD-TTg of May 8, 1998 of the Prime Minister

This Circular guides the reschedule and/or freezing of debts owed by peasants' households which have borrowed loans and suffered from heavy losses caused by drought, and the temporary announcement of levels of preferential loans for overcoming the consequences of hot spells and drought as stipulated in Article 2 of Decision No. 90/1998/QD-TTg.-