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PRIME MINISTER
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SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
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No. 05/2022/QD-TTg
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Hanoi, March 23, 2022
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DECISION
ON AMENDMENTS TO DECISION NO. 157/2007/QD-TTG DATED
SEPTEMBER 27, 2007 OF THE PRIME MINISTER ON EDUCATION CREDIT
Pursuant to the Law on
Government Organization dated June 19, 2015;
Pursuant to the Law on
Local Government Organization dated June 19, 2015;
Pursuant to the Law on
Amendments to the Law on Government Organization and Law on Local Government
Organization dated November 22, 2019;
Pursuant to the Law on
Credit Institutions dated June 16, 2010; the Law on Amendments to the Law on
Credit Institutions dated November 20, 2017;
Pursuant to the Government's
Decree No. 78/2002/ND-CP dated October 4, 2002 on credit for poor people and
other policy beneficiaries;
Pursuant to the
Government’s Decree No. 07/2021/ND-CP dated January 27, 2021 on
multidimensional poverty standard 2021 - 2025;
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The Prime Minister
hereby promulgates the Decision on Amendments to Decision No. 157/2007/QD-TTg
dated September 27, 2007 of the Prime Minister on education credit.
Article
1. Amendments to a number of Articles of Decision No. 157/2007/QD-TTg dated
September 27, 2007 of the Prime Minister on education credit:
1. Amendments
to Clause 2 Article 2:
“2.
Students who are family members of:
a) Poor
households as prescribed by law.
b)
Near-poor households as prescribed by law.
c)
Households with average living standards as prescribed by law.”
2. Amendments
to Clause 1 Article 5:
“1. The
maximum loan is 4.000.000 VND/month/student.”
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“Within
12 months after the end of the course, as per regulation, students who are
borrowers shall pay the first instalment of principal and interest. Borrowers
may pay their debts ahead of time without having to pay any interests on fines
for debt payments before the schedule."
4. Point
c is added in Clause 2 Article 13:
“The
Ministry of Labor – War Invalids and Social Affairs shall provide guidelines on
the implementation of the Decision in accordance with the law.”
Article
2. Annulment
1.
Article 10 of Decision No.
157/2007/QD-TTg dated September 27, 2007 of the Prime Minister on education
credit.
2. Decision
No. 1656/QD-TTg dated November 19, 2019 of the Prime Minister on adjustment of
loan limits for students.
Article
3. Implementation provisions
1.
This Decision comes into
force as of May 19, 2022.
2.
Regarding credit agreements
concluded before this Decision comes into force: Vietnam Bank for Social
Policies, customers, and related parties may continue to follow commitments,
entitlements, and responsibilities specified in signed agreements. The maximum
loan prescribed in Clause 1 Article 1 of this Decision applies to new
disbursements after the effective date of this Decision.
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PP. PRIME MINISTER
DEPUTY PRIME MINISTER
Le Minh Khai