Businesses Get Credit Debt Extended to 36 Months

The Government has decided to extend the maximum lending period to 36 months, applicable to export credits provided to processed coffee and cashew nut on the condition that indebted enterprises suffered losses in 2011 and 2012 and failed to pay debts as per contract terms signed with the Vietnam Development Bank from October 18, 2013.

 

The extended period is only applicable to State export credit for exported fruits, vegetables and seafood with conditions mentioned above.

 

This content is provided in the Decree No. 133/2013/ND-CP dated October 17, 2013, which is effective from October 18, 2013.