Updated interest rates in 2023

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.

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