Investment and export credit interest rates announced

The State's lending interest rate for investment credit in Vietnamese dong is fixed at 12% per annum and in free convertible foreign currencies is 7.8% per year.

This is according to a decision issued on July 14 by the Ministry of Finance on the State's lending interest rates for investment and export credits and support for interest rate difference.

As for projects to build of social economic infrastructure, rural and agricultural development and other investment projects in specially disadvantaged areas, in Khmer ethnic minority inhabited areas, in communes belonging to the hunger eradication and poverty reduction programme (Programme 135), border communes subjected to Programme 120,  the State's lending rate of investment credits in the dong is set at 11.6% per year and in free convertible foreign currencies is 7.2%.

The lending rate of export credit in Vietnamese dong is 14.4% per annum and that in free convertible foreign currencies is 7.8% per annum.

The interest rate difference for post-investment support for projects loaned in Vietnam dong is 3.9% per annum dong and for those loaned in free convertible foreign currencies is 0.96% per annum.

ND

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