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stop-check Interest rate applicable to concessional housing loans in 2022 is 4.8%

Decision No. 1956/QD-NHNNstatus1 dated December 3rd, 2021 of the State Bank of Vietnam prescribing interest rate imposed by commercial banks in 2022 on outstanding debts of concessional housing loans provided according to Circular No. 11/2013/TT-NHNNstatus2 dated May 15, 2013, Circular No. 32/2014/TT-NHNN dated November 18, 2014 and Circular No. 25/2016/TT-NHNN dated July 29, 2016
Posted: 13/12/2021 7:13:57 AM | Latest updated: 14/12/2022 3:56:18 PM (GMT+7) | LuatVietnam: 5353 | Vietlaw: 539
VietlawOnline

In 2022, commercial banks remain the interest rate applicable to outstanding debts of concessional housing loans at 4.8%.

This Decision takes effect from January 1st, 2022 and replaces Decision No. 2196/QD-NHNNstatus1 dated December 24th, 2020.

Effective notes
This Decision shall be expired from January 1st, 2023, replaced by Decision No. 2081/QD-NHNN dated December 12th, 2022.
Ms Phuong Thao (VietlawOnline.com)
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Effective Date 1-Jan-2022
ExpiredDate 1-Jan-2023
Published Vietlaw's Newsletter No. 539
ReplaceDocument

follow 2081/QĐ-NHNN - In 2023: The interest rate applicable to concessional housing loans shall be increased to 5%/year

Files attachment

vnflag pdficon QD1956-03122021NHNN.pdf
vnflag wordicon QD1956-03122021NHNN.docx
enflag pdficon QD1956-03122021NHNN[VLO].pdf

Timeline

Borrowing

blue-check Sectors prioritized for banks’ loan provision
blue-check New Regulation on management of enterprises’ foreign loans
light-check New regulations on bank guarantee
blue-check SBV shall soon eliminate issues relating to procedures for enjoyment of 2% lending interest rate support for enterprises
blue-check Regarding VAT upon selling collateral
blue-check Conditions for provision of interest rate support for loans for socio-economic recovery and development
blue-check Enterprises shall be subsidized interests up to 2%/year of loan
blue-check Forms of provision of interest rate support for enterprises
blue-check Eligibility requirements for loan and loan limit for private pre-schools affected by Covid-19
blue-check Credit policies for enterprises and the people in mountainous regions
blue-check Regarding credit for students with difficult family circumstances to buy equipment for online learning
blue-check Amendments to regulations on credit provision for students
blue-check In 2022-2023 period enterprises shall be provided 2% of interest rate support upon borrowing loans for business and production recovery
blue-check From October 1st, 2021 to December 31st, 2021: Interest rates applicable to loans granted under policy credit programs shall be reduced by 10%
blue-check Amendments to policies on debt rescheduling, reduction and exemption of interest for borrowers affected by Covid-19
blue-check Information about policies on loan interest exemption, reduction amid Covid-19
blue-check New regulations on classification of debts, setting up of risk provisions at banks
blue-check Regulations on refinancing loans granted to Vietnam Bank for Social Policies (for implementing polices to support employees and employers affected by Covid-19 pandemic)
blue-check Conditions for borrowing loans from banks to pay wages amid Covid-19
red-check New regulations on provision of special loans for banks placed under special control