NEW: INTEREST RATES ARE ISSUED BY BANKS IN 2023
The interest rate in 2023 (including interest rates of short-term loans, outstanding housing support loans, and short-term loans...)
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 %/ per annum. |
Decision No. 950/QD-NHNN dated May 23, 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 |
5.5%/ 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. 576/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 %/ per annum. |
|
|
3 |
Deposits with a term of one month to less than six months at people credit institutions and microfinance organizations |
5.5%/ 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 |
