The State Bank of Vietnam (SBV) recently issued the Circular No.14/2012/TT-NHNN stipulating the upper limit of short-term VND lending rates to be charged by credit institutions for borrowers to meet the capital requirements for several sectors.
Accordingly, the maximum short-term VND lending rate by credit institutions for borrowers is the maximum VND deposit rate for over 1 month term set by SBV plus 3 percent on annual basis.
This rate mechanism will be applied to agriculture and rural development; export-oriented production projects specified in the Trade Law; small and medium enterprises; and selective supporting industries.
This circular takes effect on May 8, 2012. The lending rates applied to credit agreements signed before the effective date of this circular will continue to comply with the signed credit agreements in accordance with law on the signing date.
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
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