List of Vietnam Law
Decision No. 2690/QD-NHNN dated December 18, 2024 of the State Bank of Vietnam prescribing interest rates imposed by commercial banks in 2025 on outstanding debts of concessional housing loans granted under Circular No. 11/2013/TT-NHNN 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
Date: 12/18/2024
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THE STATE BANK OF VIETNAM
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THE SOCIALIST REPUBLIC OF VIET NAM
Independence-Freedom-Happiness ----------------- |
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No. 2690/QD-NHNN
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Hanoi, December 18, 2024
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DECISION
PRESCRIBING INTEREST RATES IMPOSED BY COMMERCIAL BANKS IN 2025 ON OUTSTANDING DEBTS OF CONCESSIONAL HOUSING LOANS GRANTED UNDER CIRCULAR NO. 11/2013/TT-NHNN 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
THE GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;
Pursuant to the Law on Credit Institutions dated January 18, 2024;
Pursuant to the Government's Decree No. 102/2022/ND-CP dated December 12, 2022 prescribing functions, tasks, powers and organizational structure of the State Bank of Vietnam (SBV);
Pursuant to the Government’s Resolution No. 02/NQ-CP dated January 07, 2013 providing guidelines for dealing with difficulties arising from business operations, market assistance and bad debt settlement;
Pursuant to the Government’s Resolution No. 61/NQ-CP dated August 21, 2014 providing amendments to the Government’s Resolution No. 02/NQ-CP dated January 07, 2013;
Pursuant to the Circular No. 11/2013/TT-NHNN dated May 15, 2013 of the Governor of the State Bank of Vietnam prescribing concessional housing loans under the Government’s Resolution No. 02/NQ-CP dated January 07, 2013;
Pursuant to the Circular No. 32/2014/TT-NHNN dated November 18, 2014 of the Governor of the State Bank of Vietnam providing amendments to the Circular No. 11/2013/TT-NHNN dated May 15, 2013;
Pursuant to the Circular No. 25/2016/TT-NHNN dated July 29, 2016 of the Governor of the State Bank of Vietnam providing amendments to the Circular No. 11/2013/TT-NHNN dated May 15, 2013;
At the request of the Director of the Monetary Policy Department;
HEREIN DECIDES:
Article 1. The interest rate imposed by commercial banks in 2025 on outstanding debts of concessional housing loans granted under the Circular No. 11/2013/TT-NHNN dated May 15, 2013, the Circular No. 32/2014/TT-NHNN dated November 18, 2014 and the Circular No. 25/2016/TT-NHNN dated July 29, 2016 is 4,7%/year.
Article 2. This Decision comes into force from January 01, 2025 and supersedes Decision No. 2303/QD-NHNN dated December 11, 2023 of the Governor of the State Bank of Vietnam prescribing the interest rate imposed by commercial banks in 2024 on outstanding debts of concessional housing loans granted under the Circular No. 11/2013/TT-NHNN dated May 15, 2013, the Circular No. 32/2014/TT-NHNN dated November 18, 2014 and the Circular No. 25/2016/TT-NHNN dated July 29, 2016.
Article 3. Chief of the Ministry Office, the Director of the Monetary Policy Department and heads of units affiliated to the State Bank of Vietnam, and commercial banks granting concessional housing loans shall be responsible for the implementation of this Decision./.
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PP. GOVERNOR
DEPUTY GOVERNOR (Signed and sealed) Pham Thanh Ha (This translation is for reference only)
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