Library

Circular 32/2012/TT-NHNN on reducing interest rate on deposits

Circular 32/2012/TT-NHNN on reducing interest rate on deposits

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.

 

Tuan Nguyen

Recent Posts

Vietnam Resolution No. 66.23/2026/NQ-CP: New Beneficial Ownership Standards for AML Compliance

The Vietnamese Government has issued Resolution No. 66.23/2026/NQ-CP, dated July 24, 2026, introducing temporary special…

4 days ago

Vietnam Steps Up Prevention of Illegal Child Labor: Decision 1415/QĐ-TTg and What Export Factories Should Check

On July 28, 2026, the Prime Minister issued Decision 1415/QĐ-TTg, which approves the National Program…

4 days ago

Construction Payment Dispute in Vietnam: 7 Issues Foreign Contractors Should Address When Payment Is Refused or Withheld

A construction payment dispute in Vietnam often becomes visible when a contractor submits a progress…

6 days ago

Vietnam Anti-dumping Investigation on Prestressed Steel Bars from China – AD24: What Interested Parties Should Know

On July 27, 2026, The Vietnam Ministry of Industry and Trade (MOIT) issued Decision No.…

6 days ago

EPC Contract Review in Vietnam: 9 Clauses Foreign Contractors Should Check Before Signing

EPC contract review in Vietnam should happen before the foreign contractor signs, mobilizes people, or…

1 week ago

Malaysia Anti-dumping Investigation on Aluminium Zinc Coated Steel from Vietnam

Malaysia has opened an anti-dumping investigation on aluminium zinc coated steel products originating in or…

1 week ago

This website uses cookies.