INTEREST RATE OF THE DEVELOPMENT FUND OF SMES
The Ministry of Finance has just issued the Circular No. 37/2016/TT-BTC dated February 29, 2016 prescribing interest rate of the Development Fund of small-and medium sized enterprises.
In accordance with this Circular, Interest rate for short term loans that are under 01 year (not including working capital) is 5.5%/year. Interest rate for long term and medium term is 7.0%/year. This interest rate shall be applied for disbursement of small-and medium sized enterprises since April 15, 2016.
This Circular takes effect on April 15, 2016.
Practice areas
Member of
WHO WE SERVE
Copyright © Enco 2010. All rights reserved.