Decision 144/2002/QD-TTg

To adjust the lending interest rate and term for organizations and individuals that borrow capital for repair and building of ships and boats and/or purchase of fishing gear from the preferential credit capital source as prescribed in Article 6 of the Prime Minister�s Decision No. 985/TTg of November 20, 1997 on overcoming Storm No. 5�s consequences, restoring and developing production for the coastal provinces in South Vietnam and South Central Vietnam as follows:

- The interest rate of 5.4%/year shall apply to medium-term loan debt balances till December 31, 2002;

- The loan capital repayment duration shall not exceed 12 years as from the date of capital borrowing.

The People�s Committees of the provinces of Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Binh Thuan, Ba Ria � Vung Tau, Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Ca Mau and Kien Giang, and Ho Chi Minh city shall assume the prime responsibility and coordinate with the State Bank in directing the handling of loan debts.- (Summary)