UPDATED INTEREST RATES IN 2023
The interest rate in 2023 including interest rates of short-term loan, outstanding housing support loan, short term loan...
Loan interest rates
|
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) |
4,0%/per annum |
Decision No. 1125/QD-NHNN dated June 16, 2023, of the State Bank of Vietnam. |
|
2. |
Maximum short term loan at people’s credit funds and microfinance institutions |
5.0% per annum |
|
|
3. |
The interest rate of commercial banks |
5.0%/ per annum. |
Decision No. 2081/QD-NHNN dated December 12, 2022 of the State Bank of Vietnam |
|
4. |
On the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair |
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, foreign bank branches. |
4.5%/ per annum. |
Decision No. 1123/QD-NHNN dated 6/16/2023 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, foreign bank branches. |
3.0%/ 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, foreign bank branches: 6.0% per annum |
5.0%/ per annum. |
Deposit interest rates
|
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. 1124/QD-NHNN dated 6/16/2023 of the State Bank of Vietnam |
|
2 |
Deposits with a term of one month to less than six months at banks |
4.75%/ per annum. |
|
|
3 |
Deposits with a term of one month to less than six months at people credit institution and microfinance organizations |
5.25%/ per annum. |
|
|
4 |
Deposit in Vietam 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 |
