제19133호                               관              보              2017. 11. 16.(목요일)
    In accordance with the Agreement between the Government of the Republic of Korea and the
Government of the Socialist Republic of Viet Nam concerning Loans from the Economic
Development Cooperation Fund signed on April 12, 1995 (hereinafter referred to as the
“Agreement”),
    Have agreed as follows:
                                              Article 1
    The Korean Government shall enable the Vietnamese Government to obtain loans from the
Economic Development Cooperation Fund (hereinafter referred to as the “EDCF”) up to a
maximum commitment amount in Korean Won not exceeding the equivalent of one billion five
hundred million US dollars (US$ 1,500,000,000) for the years 2016 through 2020 to finance EDCF
loan projects in the Socialist Republic of Viet Nam, unless otherwise agreed by the Parties.
                                              Article 2
    An EDCF loan for each individual project (hereinafter referred to as the “Loan”) shall be
extended to the Vietnamese Government in accordance with the following procedures:
    (a) The Korean Government and the Vietnamese Government shall identify potential projects
in close collaboration with each other, and the Vietnamese Government shall submit a list of
prospective projects to be financed under this Arrangement to the Korean Government;
    (b) The Vietnamese Government shall request the Korean Government, through diplomatic
channels, to extend a Loan for each individual project;
    (c) In case the Korean Government decides to extend a Loan for the requested project after
appraisal of the project, it shall inform the Vietnamese Government of its decision through
diplomatic channels; and the Vietnamese Government shall send its acceptance to the Korean
Government through diplomatic channels; and
    (d) Details of each individual project and the Loan amount for the project shall be set out in
and made available through a loan agreement (hereinafter referred to as the “Loan Agreement”)
to be concluded between The Export-Import Bank of Korea (hereinafter referred to as the
“Bank”) and the Vietnamese Government.
                                              Article 3
1. The terms and conditions for each individual project shall be specified in each Loan
Agreement to the extent consistent with the Agreement and the provisions of this Arrangement.
Each Loan Agreement shall contain, inter alia, the following principles, unless otherwise agreed
by the Parties:
    (a) The borrower or guarantor of the Loan shall be the Vietnamese Government;
    (b) The repayment period shall be twenty five to forty (25-40) years, including a seven to
        ten (7-10) year grace period, and the interest rate shall be zero percent to two percent
        (0%-2.0%) per annum. Such terms and conditions are subject to change reflecting the
        revision of country classification, may be determined in due consideration of the
        characteristics of individual projects including procurement conditions, and shall be in
        accordance with the laws and regulations and guidelines of the Republic of Korea, and
        specified in the Loan Agreement of the individual project;
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