According to this Decision, the maximum interest rate applicable to short - term loans denominated in VND shall be increased from 4.5% to 5.5% per annum from October 25th, 2022.
Particularly, the maximum interest rate on short - term loans in VND granted by People's credit Funds and microfinance institutions shall be increased from 5.5% to 6.5% per annum.
This Decision takes effect from October 25th, 2022 and replaces Decision No. 1730/QD-NHNN dated September 30th, 2020.
|Published||Vietlaw's Newsletter No. 584|