First Time Usurious Lending: What Amount of Illegal Profits Leads to Criminal Prosecution?

Based on Article 201 of the Criminal Code 2015, Point i Clause 2 Article 2 of the Law amending the Criminal Code 2017 regarding the crime of lending at high interest rates in civil transactions, it stipulates that:

Any person who, in a civil transaction, lends at an interest rate 5 times or more the highest interest rate specified in the Civil Code, illicitly profits from 30,000,000 VND to less than 100,000,000 VND, or has been administratively sanctioned for this act, or has been convicted of this crime and has not yet had the conviction expunged, if they further violate, shall be fined from 50,000,000 VND to 200,000,000 VND or subject to non-custodial reform for up to 3 years.

In cases of lending at high interest rates as stipulated where illicit profits are from 30,000,000 VND or more, the person shall be criminally pursued for the crime of lending at high interest rates in civil transactions.

Sincerely!