Quyết định 82/1998/QĐ-TTg

DECISION No.82/1998/QD-TTg of April 15, 1998 on the amendments to Articles 10 and 11 of the Statute of the National Investment Assistance Fund issued together with Decision No.462-TTg of July 9, 1996 of the Prime Minister.

Article 10 is amended as follows: "Investment projects to be considered for loans from the National Investment Assistance Fund must meet the following conditions:

1. Having been ratified by the competent authority in accordance with the current regulations;

2. For investment projects in branches, trades, domains and areas earmarked for investment preferential treatment on lists A, B and C of Decree No.07/1998/ND-CP of January 15, 1998 of the Government (without having to obtain investment preferential treatment certificates), the project owners must have loan borrowing and debt paying plans certified by the agencies that have decided the investment.

3. Being capable of directly retrieving capital.

4. Being entitled to secure debts with assets formed by loans.

Until their debts are fully paid, the project owners shall not be allowed to transfer, purchase, sell or mortgage assets formed by loan capital from the National Investment Assistance Fund."

Article 11 is amended as follows: "The amount of capital to be loaned by the National Investment Assistance Fund for the execution of an investment project shall not exceed 70% of the total investment capital already ratified by the competent authority, any excess of the prescribed level must be considered and decided by the Chairman of the Fund Management Council.".- (Summary)