From December 24th 2012, credit institutions and branches of foreign banks continue to reduce interest rates on deposits in Vietnam dong of organizations and individuals, in particular:
Maximum interest rates applicable to deposits with term of 1 month to 12 months is reduced to 8% (formerly 9%).
Particularly people’s credit funds and micro-finance organizations, the interest rate is 8.5% / year, decrease by 1% compared to the past.
With term, non-term interest rate with maturity of less than one month remains at 2% / year.
This has been regulated in Circular 32/2012/TT-NHNN, applicable from December 24th 2012, replacing Circular 30/2011/TT-NHNN.
Â
In the wake of the COVID-19 pandemic, the legal industry has found itself at a…
The Ministry of Justice has recently unveiled significant updates regarding the proposal for the amended…
Compared to current Vietnam labour code, the draft of Vietnam employment regulations proposed by Ministry…
The Vietnam Law on Export and Import Duties and Law on Foreign Trade Management set…
As Vietnam strides confidently into a future marked by significant economic growth and an expanding…
After thirteen years of implementation, the Law on Medical Examination and Treatment No. 40/2009/QH12, amended…