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blue-check From October 1st, 2020: The maximum interest rate applicable to short - term loans in Vietnamese dong shall be reduced to 4.5% per annum

Decision No. 1730/QD-NHNN dated September 30th, 2020 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-NHNNstatus2 dated December 30th, 2016
VietlawOnline

From October 1st, 2020, the maximum interest rate applicable to short - term loans in Vietnamese dong shall be reduced from 5% per annum to 4.5% per annum. Read more

The maximum interest rate adopted by the people's credit Funds and microfinance institutions shall be reduced from 6% per annum to 5.5% per annum.

This Decision takes effect from October 1st, 2020 and replaces Decision No. 920/QD-NHNNstatus1 dated May 12th, 2020.

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blue-check Interest rate applicable to deposits with term of from 1 month and less than 6 months is reduced from 4% per annum

Decision No. 1729/QD-NHNN dated September 30th, 2020 of the State Bank of Vietnam on maximum interest rates applicable to deposits in Vietnam dong of organizations and individuals at credit institutions, branches of foreign banks in accordance with the provisions in Circular No. 07/2014/TT-NHNN dated March 17th, 2014
VietlawOnline

This Decision is to remain the interest rate applicable to demand deposits and deposits with term of less than one month at 0.2% per annum. Read more

The interest rate applicable to deposits with term of from 1 month and less than 6 months is reduced from 4.25% per annum (under Decision No. 919/QD-NHNNstatus1 ) to 4.0% per annum. The people's credit Funds shall apply the maximum interest rate of 4.5% per annum

This Decision takes effect from October 1st, 2020 and replaces Decision No. 919/QD-NHNNstatus1 dated May 12th, 2020.

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blue-check From October 1st, 2020: Refinancing interest rate shall be reduced to 4% per annum

Decision No. 1728/QD-NHNN dated September 30th, 2020 of the State Bank of Vietnam on refinancing interest rate, re-discount interest rate, interest rate on overnight loans in the interbank electronic payment and loans for making up capital deficits in clearing payment given to banks by the State Bank of Vietnam
VietlawOnline

From October 1st, 2020, refinancing interest rate, re-discount interest rate and interest rate on loans in the interbank electronic payment shall be reduced by 0.5%. Read more

In which, the refinancing interest rate shall be reduced from 4.5% per annum to 4.0% per annum; the re-discount interest rate shall be reduced from 3.0% to 2.5% per annum; the interest rate on loans in the interbank electronic payment shall be reduced from 5.5% to 5.0% per annum.

This Decision takes effect from October 1st, 2020 and replaces Decision No. Decision 918/QD-NHNNstatus1 dated May 12th, 2020.

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blue-check Interest rate of required reserves is reduced to 0.5%/year

Decision No. 1349/QD-NHNN dated August 6th, 2020 of the Governor of the State Bank of Vietnam on interest rates of required reserves and excess reserves deposited by credit institutions and foreign banks' branches at the State Bank of Vietnam
VietlawOnline

This Decision is to reduce the interest rate of required reserves of credit institutions deposited in Vietnam Dong at the State Bank of Vietnam from 1% (under Decision No. 421/QD-NHNNstatus1 ) to 0.5%/year. Read more

The interest rate of excess reserves deposited in Vietnam Dong and the interest rate of required reserves deposited in foreign currency are remained at 0%/year. The interest rate of excess reserves deposited in foreign currency is remained at 0.05%/year.

This Decision takes effect from August 6th, 2020 and replaces Decision No. 421/QD-NHNNstatus1 dated March 16th, 2020.

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blue-check Interest rates applicable to deposits of financial companies shall be reduced to 0.8%/year

Decision No. 1350/QD-NHNN dated August 6th, 2020 of the Governor of the State Bank of Vietnam on interest rates applicable to deposits in Vietnam dong of Vietnam Development Bank, Vietnam Bank for Social Policies, People's credit Funds, microfinance institutions at the State Bank of Vietnam
VietlawOnline

This Decision is to reduce interest rates applicable to deposits in Vietnam dong of Vietnam Development Bank, Vietnam Bank for Social Policies, People's credit Funds, microfinance institutions at the State Bank of Vietnam from 1% (under Decision No. 422/QD-NHNNstatus1 ) to 0.8%/year. Read more

This Decision takes effect from August 6th, 2020 and replaces Decision No. 422/QD-NHNNstatus1 dated March 16th, 2020.

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blue-check Interest rates of deposits made by the State Treasury and Deposit Insurance of Vietnam at the SBV shall be reduced

Decision No. 1351/QD-NHNN dated August 6th, 2020 of the Governor of the State Bank of Vietnam on interest rates of deposits made by the State Treasury and Deposit Insurance of Vietnam at the State Bank of Vietnam (SBV)
VietlawOnline

This Decision is to reduce interest rates of deposits at the SBV made by 2 organizations below: Read more

- Deposits made by the State Treasury: The interest rate of deposits in Vietnam dong shall be reduced from 1% (under Decision No. 423/QD-NHNNstatus1 ) to 0.8%/year. The interest rate of deposits in foreign currency is remained at 0.5%/year.

- Deposits made by Deposit Insurance of Vietnam: The interest rate shall be reduced from 1% (under Decision No. 423/QD-NHNNstatus1 ) to 0.8%/year.

This Decision takes effect from August 6th, 2020 and replaces Decision No. 423/QD-NHNNstatus1 dated March 16th, 2020.

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stop-check Interest rate applicable to demand deposits is reduced to 0.2% per annum

Decision No. 919/QD-NHNNstatus1 dated May 12th, 2020 of the State Bank of Vietnam on maximum interest rates applicable to deposits in Vietnam dong of organizations and individuals at credit institutions, branches of foreign banks in accordance with the provisions in Circular No. 07/2014/TT-NHNN dated March 17th, 2014
VietlawOnline

This Decision is to reduce the interest rate applicable to demand deposits and deposits with term of less than one month from 0.5% per annum (under Decision No. 419/QD-NHNNstatus1 ) to 0.2% per annum, applicable from May 13th, 2020. Read more

The interest rate applicable to deposits with term of from 1 month and less than 6 months is reduced from 4.75% per annum to 4.25% per annum.

This Decision takes effect from May 13th, 2020 and replaces Decision No. 419/QD-NHNNstatus1 dated March 16th, 2020.

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stop-check From May 13th, 2020: Refinancing interest rate shall be reduced to 4.5% per annum

Decision No. 918/QD-NHNNstatus1 dated May 12th, 2020 of the State Bank of Vietnam on refinancing interest rate, re-discount interest rate, interest rate on overnight loans in the interbank electronic payment and loans for making up capital deficits in clearing payment given to banks by the State Bank of Vietnam
VietlawOnline

According to this Decision, from May 13th, 2020, refinancing interest rate shall be reduced from 5.0% to 4.5% per annum. Read more

Re-discount interest rate shall be also reduced from 3.5% to 3.0% per annum.

Interest rate on loans in the interbank electronic payment shall be reduced from 6.0% to 5.5% per annum.

This Decision takes effect from May 13th, 2020 and replaces Decision No. 418/QD-NHNNstatus1 dated March 16th, 2020.

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stop-check From May 13th, 2020: The maximum interest rate applicable to short - term loans in Vietnamese dong shall be reduced to 5% per annum

Decision No. 920/QD-NHNNstatus1 dated May 12th, 2020 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-NHNNstatus2 dated December 30th, 2016
VietlawOnline

From May 13th, 2020, the maximum interest rate applicable to short - term loans in Vietnamese dong shall be reduced from 5.5% per annum to 5% per annum Read more

The maximum interest rate adopted by People's credit Funds and microfinance institutions shall be reduced from 6.5% per annum to 6% per annum.

This Decision takes effect from May 13th, 2020 and replaces Decision No. 420/QD-NHNNstatus1 dated March 16th, 2020.

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stop-check Interest rate applicable to demand deposit is reduced to 0.5% per annum

Decision No. 419/QD-NHNNstatus1 dated March 16th, 2020 of the Governor of the State Bank of Vietnam on the maximum interest rate applicable to deposits in Vietnam dong of organizations, individuals at credit institutions, branches of foreign banks in accordance with the provisions in Circular No. 07/2014/TT-NHNN dated March 17th, 2014
VietlawOnline

This Decision is to reduce the maximum interest rate of demand deposit and deposit with term of less than one month from 0.8% per annum under Decision No. 2415/QD-NHNNstatus1 to 0.5% per annum Read more

The maximum interest rate applicable to deposits with term of between 1 month and less than 6 months is reduced from 5% per annum to 4.75% per annum.

This Decision takes effect from March 17th, 2020 and replaces Decision No. 2415/QD-NHNNstatus1 dated November 18th, 2019.

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