Decision No. 172/2002/QD-TTg amending Clause 2, Article 2 of the Prime Minister’s Decision No. 144/2002/QD-TTg on a number of measures to handle debts incurred due to borrowing capital for repairing and building ships and boats as well as procuring fishing gear with preferential credit capital source under the Prime Minister’s Decision No. 985/TTg

OJ l'JCIAI C,/\lLrl L DECISION No. 172/2002/QD-TTg OF NOVEMBER 28, 2002 AMENDING CLAUSE 2, ARTICLE 2 OF THE PRIME MINISTER'S DECISION No. 144/2002/QD-TTg OF OCTOBER 24, 2002 ON A NUMBER OF MEASURES TO HANDLE DEBTS INCURRED DUE TO BORROWING CAPITAL FOR REPAIRING AND BUILDING SHIPS AND BOATS AS WELL AS PROCURING FISHING GEAR WITH PREFERENTIAL CREDIT CAPITAL. SOURCE UNDER THE PRIME MINISTER'S DECISION No. 985/TTg OF NOVEMBER :w, 1997 THF: PRIME MINISTER Pursuant to th(! law on Omaniwtion of thl' c-::ovnrnn1nnl nt nr•ccmhcr 2:i, ?OO·f; f:'11Jsuu111 lo ll1u I 'n1110 Mi11lstot'8 Decision No. 986/ .'TU vi .'\I''\': '.rn/J , ,, ;,11, 1 OU 7 r•n -·.,vor,:r, ':<iin q t!Jr, , :()I):;(,(/ I IC:/;!:,'-', tJ /.111 r/,.1 i',i()/1 Ii, /(;,'-; /r)!'ill !/ ,·I 11{/ r'/1 :vol, ,J ;if 111 / ,11,, // 1,:{i<111 /c111,oas/nl ,1,,iJvincr1s in S(1Ul/1 v1eirNH1/ :u1n ,\1J11//10t11 t,nnttal \liu111an1.: No. 64 (20 .. ·1 ? .. '.,'()OJ) Ol·l·ICI/\!. G/\lL:TI F Pursuant to tho Primo Minister's Decision No. "I 44/ 2002/QD-· TTa of October ~4. 2002 on a num/Jor of measures to lwnU/e dobts incurrod due to borrowing capital for repairing and building s/Jips am! boats as well as proewing fishing gear with preferential aedit capital source uncfor the Primo Minister's Decision No. 985/lig of Novomhor 20, ·/ 997; At the proposal of the Governor of Vietnam State Dank (Official Dispatch No. 118 7 INI--INN-- TD of November ·/, 2002) and the opinions of the Ministry of Finance (Official Dispatch No. 12094 TC/TCNH of November ·/1, 2002) and tho Ministry of Aquatic Resources (Official Dispatch No. 2973/TS--NC of November 7, 2002), DECIDES: Article 1.- To amend Clause 2, Article 2 of the Prime Minister's Decision No. 144/2002/QD-TTg of October 24, 2002 on a number of measures to hand le debts incurred due to borrowing capital for repairing and building ships and boats as well as procuring fishing gear with preferential credit capital source under the Prime Minister's Decision No. 985/TTg of November 20, 1997 as follows: "Article 2.~ 2. On the change of ship owners and transfer of debts: a) The presidents of the People's Committees of the provi ncos sh al I di red their loca I functional agencies lo coordinate with the lending banks in considering and selling the ships at public auction in order to transfer such ships from former owners being households with poor pmfessional capability and low efficiency in production and business activities, which suffer frorn chronic lm,i,m,, heing unablP- to repay thoir btrnk debts, or frotr1 t,hifJ ownt!IS who lrnvt·, died without anyone to 1·cp l.:1 ce them in o r9a n izi n 9 productior1 :,111d btisinm,r:; c1clivities. b) Aftr;1· the auction, thn ships' now owner:; ~;hall transfer to the bani<~, n money amount equal to the value of !tw ~,hip mid ~li,,111 not h.:we to pay tnx lot the l1 c1111 :i0n;f tr I\: mv1k;; ;,; 11f,, 1;Jln -:i;t:1 the ;wvvly !i.c::·J•'d prorierty. i\l(!W ow11ui', ul llw (,i lip:., I11::iy be coi 1:,i, i,:n:d by b.111k'.·, ,:rid (:redit i11,;'ut1 1ti(jti:: fdf lri:111:, \11 h11v :-;11d1 :;hir,; ,.l('/'()l'(]i1 HJ In thn (;I ill Pi 1t f'i/ll!h:1ti()ll!; Oil Pl()Vi!,i(Jtl of corrnnercic1I loans. c) nw "hip~,' former owner s sh a 11 hn ve to continue acknowledqing the negative difference between the bnnk balance and the valLw of the ships upon their transfer as their debts owed to tho b,rnks. In cases where the ships' former· owners Eire unable to repay these debts, the provisions at Poi11t d, Clause 1 of Article 2 rm1y apply." Article 2.-· This Decision takes effect after its signing. Arlicle a .. The Minister of Finance, the Minister of Planning and Investment, the Minister of Aquatic Resources, the Governor of Vietnam State Bank and the presidents of the People's Committees of Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Binh Thuan and Ba Ria-Vung Tau provinces, Ho Chi Minh City, and Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bae Lieu, Ca Mau and Kien Giang provinces shall have to implement this Decision. For the Prime Minister Deputy Prime Minister NGUYEN TAN DUNG