SBV regulated the maximum rates of interest on short-term loans in VND

Others Agencies 09:46 28/01/2013
(vasep.com.vn) On December 21st 2012, the State Bank of Vietnam has issued the Circular No. 33/2012/TT-NHNN regulating the maximum rates of interest on short-term loans in VND imposed by credit institutions and branches of foreign banks on their borrowers in order to satisfy the demand for capital serving some economic sectors and disciplines.

Accordingly, the maximum short-term lending interest rates in VND for credit institutions is at 12 percent per year, for the people’s credit fund and micro-finance institutions at 13 percent.

The above rates will apply to:

- Loans to serve agriculture and rural development as regulated in the Government’s Decree 41/2010/NĐ-CP dated April 12th 2010 on credit policy to serve for agriculture and rural development.

- Loans to implement project of producing and trading exported products as regulated in Commercial Law

- Loans for production of small and medium-sized enterprises as regulated in the Government’s Decree 56/2009/NĐ-CP dated June 30th 2009 on supporting development of small and medium-sized enterprises.

- Loans for developing subsidiary industries as regulated in the Prime Minister’s Decision 12/2011/QĐ-TTg dated February 24th 2011 on policies to develop some subsidiary industries.

- Loans to serve for producing and trading enterprises with high-tech applications as regulated in high-tech application law.

The Circular took effect since December 24th 2012

TIN MỚI CẬP NHẬT

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 |  11:00 07/11/2024

(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.

Dong Thap Pangasius festival scheduled on November 16-17, 2024

 |  11:20 06/11/2024

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 |  09:02 05/11/2024

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 |  08:44 04/11/2024

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Pangasius exports to Iraq reach 3-year high

 |  09:14 01/11/2024

(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.

Bình Thuận Province: stable fishery production in the first nine months of 2024

 |  08:47 31/10/2024

(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.

Will Brazil be a promising market for Vietnam’s value-added pangasius products?

 |  08:46 31/10/2024

(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.

Vietnam's seafood enterprises hope to "ride the waves" by year-end

 |  15:39 30/10/2024

(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.

Declining U.S. inventories boost demand for pangasius

 |  15:38 30/10/2024

(seafood.vasep.com.vn) Vietnamese pangasius exports in September 2024 reached $172 million, a 3% increase compared to September 2023. The total value of pangasius exports by the end of the third quarter of 2024 was $1.5 billion, marking an 8% year-on-year increase.

Vietnamese businesses boost pangasius exports to Singapore

 |  08:48 29/10/2024

(seafood.vasep.com.vn) In September 2024, Vietnam pangasius exports to Singapore reached $3 million, marking an 11% decrease compared to the same period in 2023. This marks the fourth consecutive month of negative growth in pangasius exports to this market, following slight increases of 14% and 2% in July and August 2024, respectively. The total value of Vietnamese pangasius exports in the first nine months of this year was $26 million, down 4% compared to the same period last year.

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