On June 16, 2023, the State Bank issued Decision No 1125/QD-NHNN on the maximum short-term lending interest rate in Vietnam dong of credit institutions, foreign bank branches for borrowers to meet capital needs for a number of economic sectors and industries as regulated at Circular 39/2016/TT-NHNN.
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Implementing the policy of the National Assembly, the direction of the Government and the Prime Minister on reducing interest rates, supporting people and businesses to increase access to capital, contributing to the recovery of production and business, the Bank The State decides to adjust the interest ratemaximum short-term loans in Vietnam Dong. Decision effective from 19/6/2023, that pig The interest rates for short-term loans are specified as follows:
Photo 1. Reducing the maximum short-term loan interest rate in Vietnam Dong from 19/06/2023_Hotline: 0972118764
- Short-term loan interest rate maximum amount in Vietnam dong of credit institutions, foreign bank branches (except People's Credit Funds, Microfinance Institutions) reduced from 4.5%/year to 4.0%/year;
- Maximum short-term lending interest rate in Vietnam dong of People's Credit Funds and Microfinance Institutions reduced from 5.5%/year to 5.0%/year.
This is the 4th time in a row from March to now that the State Bank of Vietnam has reduced operating interest rates, of which there are two reductions in interest rates in March, one in May and one in June. from 19/6/2023.
Decision 1125/QD-NHNN effective from 19/06/2023. Interest rates applied to credit contracts and loan agreements signed before June 19, 2023 will continue to be implemented according to signed credit contracts and loan agreements in accordance with the provisions of the Bank. law at the time of signing the credit contract or loan agreement.
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