Circular 33/2012/TT-NHNN on reducing short-term lending interest rates
From December 24th 2012, the maximum short-term lending interest rates for credit institutions is at 12% / year, for the people’s credit fund and micro-finance institutions at 13%.
The above rates will apply to loans to serve agriculture and rural development, service production of small and medium-sized enterprises, development of high-tech applications.
For loans under contract signed before December 24th 2012, the contract rate shall continue to apply; loans other than those specified on the Circular shall comply with the current regulations.
This has been guided in Circular 33/2012/TT-NHNN, replacing Circular 14/2012/TT-NHNN and Circular 20/2012/TT-NHNN.
ANT Lawyers
Introduction: The World Is Changing Fast, So Should Your Strategy When the world becomes unpredictable,…
The recent imposition of US tariffs on Vietnamese goods has stirred both caution and opportunity…
Why Provincial Mergers in Vietnam Matter to You Imagine waking up one morning to find…
The Pilot Policy of Low-Orbit Satellite Internet in Vietnam Now, Vietnam has moved its position,…
ANT Lawyers in Hanoi Recruitment We are currently hiring Legal Intern Position in Hanoi for…
Introduction to the Vietnam Fast-Track Investment Procedure In the highly competitive global race to attract…
This website uses cookies.