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.
An executive office for foreign contractors in Vietnam is not just a physical office for…
Arbitration procedure in Vietnam can affect your time, your cost, your evidence position, and your…
Foreign contractors usually realize they need a construction operation license later than they should, and…
To most managers’ surprise, an arbitration clause in Vietnam is one short paragraph in your…
Foreign contractors working in Vietnam often see different words used for the same approval. Some…
Let’s face the reality. After the contract is signed, the project owner expects you on…
This website uses cookies.