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)

4.5% 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.

5.5%/ per annum.

Decision No. 574/QD-NHNN dated 3/31/2023 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

6.0%/ 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. 575/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

5.5%/ per annum.

3

Deposits with a term of one month to less than six months at people credit institutions and microfinance organizations

6.0%/ 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