On March 16th, 2020, the State Bank of Vietnam issued Decision No.420/QĐ-NHNN on maximum short-term loan interest rates in Vietnam Dong applied by credit institutions and branches of foreign banks to customers in need of capital in a number of economic areas and sectors. Maximum short-term loan interest rates in Vietnam Dong according to the Decision’s provisions shall be applied as follows:
- Credit institutions, branches of foreign banks shall apply a maximum short-term loan interest rate in Vietnam Dong of 5.5% per year.
- People’s Credit Funds and Microfinance Institutions shall apply a maximum short-term loan interest rate in Vietnam Dong of 6.5% per year.
