Vietnam: Direct lending interest rate of the small and medium enterprise development fund

09:20, 15/05/2019

This is a featured content specified in Decree No. 39/2019/NĐ-CP of Vietnam’s Government on organization and operation of the small and medium enterprise development fund.

The direct lending interest rate of the small and medium enterprise development fund is specified in Decree No. 39/2019/NĐ-CP of Vietnam’s Government as follows:

- Direct lending interest rate shall be 80% as much as the lowest interest rate on commercial lending. The lowest interest rate on commercial lending shall be determined by comparing interest rates between 04 state-invested commercial banks and selecting the interest rate of the bank whose total asset is greatest at the time of determination of the Fund's lending interest rate.

- In certain particular cases, the Minister of Planning and Investment shall decide the lending interest rate upon the request of the Members’ Board.

- On a yearly basis or over periods of time, based on the principles of identification of interest rate stipulated above, the Members' Board shall publicly inform the lending interest rate decided by the Fund.

View the lending rate at Decree No. 39/2019/NĐ-CP of Vietnam’s Government, effective from July 01, 2019.

- Thanh Lam -

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