Decision No. 314/QD-NHNN
dated March 14th, 2023 of the State Bank of Vietnam on maximum interest rates applicable to short - term loans denominated in Vietnamese dong of credit institutions, branches of foreign banks provided for clients who need the loans to meet the capital demand for some economic fields, sectors under Circular No. 39/2016/TT-NHNN
dated December 30th, 2016
Posted: 15/3/2023 8:44:25 AM | Latest updated: 16/3/2023 3:11:55 PM (GMT+7)
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The maximum interest rates applicable to short-term loans denominated in Vietnamese dong shall be reduced by 0.5% from March 15th, 2023, to be specific: It is reduced from 5.5% to 5% per annum with regard to credit institutions and branches of foreign banks; reduced from 6.5% to 6.0% per annum with regard to People's credit Funds and microfinance institutions.
This Decision takes from March 15th, 2023 and replaces Decision No. 1813/QD-NHNN dated October 24th, 2022.
Ms Phuong Thao (VietlawOnline.com)
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