What are regulations on reporting on loans granted to private pre-school institutions and private primary schools in Vietnam affected by Covid-19 pandemic?

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• Reporting on loans granted to private pre-school institutions and private primary schools affected by Covid-19 pandemic in Vietnam
• Extension of loan term, debt classification and management of risky debts affected by Covid-19 pandemic in Vietnam

Reporting on loans granted to private pre-school institutions and private primary schools affected by Covid-19 pandemic in Vietnam

Pursuant to Article 14 of the Decision 11/2022/QĐ-TTg stipulating reporting on loans granted to private pre-school institutions and private primary schools affected by Covid-19 pandemic in Vietnam as follows:

1. On quarterly and annual basis and upon the expiry of the program period, VBSP shall submit reports on its grant of loans which are made using Form No. 02 in the Appendix enclosed herewith to the Ministry of Education and Training.

2. Reporting deadlines, data closing duration and submission methods:

a) Reporting deadlines:

- A quarter report shall be submitted within 15 days from the end of the reporting quarter;

- An annual report shall be submitted within 60 days from the end of the reporting year;

- The report on completion of the program shall be submitted within 60 days from the expiry of the program period.

b) Data closing duration of quarterly and annual reports: A quarterly or annual report shall include data collected from the first date to the ending date of the reporting quarter or the reporting year.

c) Date closing duration of the report on completion of the program: This report shall include data collected from the effective date of this Decision to December 31, 2023 or the day on which the fund used for granting loans has been used up, whichever comes first.

d) Reports shall be submitted adopting one of the following methods:

- Directly in the form of paper report;

- By post in the form of paper report;

- By email or through specialized reporting software system;

- Other methods as prescribed by law.

Extension of loan term, debt classification and management of risky debts affected by Covid-19 pandemic in Vietnam

Pursuant to Article 12 of the Decision 11/2022/QĐ-TTg stipulating extension of loan term, debt classification and management of risky debts affected by Covid-19 pandemic in Vietnam as follows:

Regulations on extension of loan term, debt classification and management of risky debts applied by VBSP shall prevail.

Best regards!