Vietnamese
LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loan, outstanding housing support loan, short term loan...
Here is the general collection of LuatVietnam updates the interest rate in 2023.
Loan interest rates
No. | Loan | Interest rate | Legal documents |
1. | Maximum short-term loan interest rate in credit institutions and foreign bank branches (except for people’s credit funds and microfinance institutions) | 4,0%/per annum | Decision No. 1125/QD-NHNN dated June 16, 2023, of the State Bank of Vietnam. |
2. | Maximum short term loan at people’s credit funds and microfinance institutions | 5.0% per annum | |
3. | The interest rate of commercial banks | 5.0%/ per annum. | Decision No. 2081/QD-NHNN dated December 12, 2022 of the State Bank of Vietnam |
4 | On the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair | 4.8%/ per annum. | Decision No. 486/QD-TTg dated May 10, 2023 of the State Bank of Vietnam |
5 | Lending interest rates during the preferential period to grant loans for purchasing social houses and houses for workers at Agribank, BIDV, Vietcombank, Vietinbank | - Investors: 8.7%/year; - House buyers: 8.2%/year | Official Dispatch No. 2308/NHNN-TD dated April 01, 2023 of the State Bank of Vietnam |
6 | Reduce the overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches. | 4.5%/ per annum. | Decision No. 1123/QD-NHNN dated 6/16/2023 of the State Bank of Vietnam |
7. | The re-discount interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches. | 3.0%/ per annum. | |
8 | The interest rate of overnight lending in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches: 6.0% per annum | 5.0%/ per annum. |
Deposit interest rates
No. | Deposit amount | Interest rate | Legal documents |
1 | Demand deposits and deposits with a term of less than one month | 0.5%/ per annum. | Decision No. 1124/QD-NHNN dated 6/16/2023 of the State Bank of Vietnam |
2 | Deposits with a term of one month to less than six months at banks | 4.75%/ per annum. | |
3 | Deposits with a term of one month to less than six months at people credit institution and microfinance organizations | 5.25%/ per annum. | |
4 | Deposit in Vietam Dong made by Vietnam Development Bank, Vietnam Bank for Social Policies, people’s credit funds and micro-finance institutions at the State Bank of Vietnam | 0.5%/ per annum. | Decision No. 578/QD-NHNN dated March 31, 2023 of the State Bank of Vietnam |
