To reduce the maximum short-term loan interest rate by 0.5% in Vietnam dong from March 15, 2023

Nguyen Nhu Mai

16:07, 15/03/2023

Below is the content at Decision 314/QD-NHNN dated March 14, 2023 on the maximum short-term lending interest rate in Vietnam dong of credit institutions, foreign bank branches for borrowers to meet the capital needs for a number of economic sectors and sectors as prescribed at Circular 39/2016/TT-NHNN< /a> issued by the Governor of the State Bank of Vietnam.

According to Vietnam's Decision 314/QD-NHNN, reducing by 0.5%/year the maximum short-term lending interest rate in Vietnam dong according to the provisions of Clause 2, Article 13 of Circular 39/2016/TT-NHNN from March 15, 2023, specifically :

- Credit institutions, foreign bank branches (except People's Credit Funds and Microfinance Institutions) apply the maximum short-term lending interest rate in Vietnam dong of 5.0%/year (Previously, it was 5.5%/year).

- People's credit funds and microfinance institutions apply the maximum short-term lending interest rate in Vietnam Dong of 6.0%/year (previously 6.5%/year).

Vietnam's Decision 314/QD-NHNN takes effect on March 15, 2023, and replaces Vietnam's Decision 1813/QD-NHNN dated October 24, 2022.

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