VietnameseLuatVietnam updates the interest rate in 2023. Including interest rates of short-term loans, outstanding housing support loans, and short-term loans...
Here is the general collection of LuatVietnam to update the interest rates in 2023.
Loan interest rate
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) | 4.5% per annum | Decision No. 576/QD-NHNN dated March 31, 2023, of the State Bank of Vietnam |
2 | Maximum short-term loans at people’s credit funds and microfinance institutions | 5.5% per annum | |
3 | The interest rate of commercial banks for outstanding housing support loans | 5.0%/ per annum | Decision No. 2081/QD-NHNN dated December 12, 2022, of the State Bank of Vietnam |
4 | The concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation, or repair at the Viet Nam Bank for Social Policies | 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, and foreign bank branches. | 5.5%/ per annum. | Decision No. 574/QD-NHNN dated 3/31/2023 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, and foreign bank branches. | 3.5%/ 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, and foreign bank branches: 6.0% per annum | 6.0%/ per annum. |
Deposit interest rate
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. 575/QD-NHNN dated March 31, 2023 of the State Bank of Vietnam |
2 | Deposits with a term of one month to less than six months at banks | 5.5%/ per annum. | |
3 | Deposits with a term of one month to less than six months at people credit institutions and microfinance organizations | 6.0%/ per annum. | |
4 | Deposit in Vietnam 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 |
