DECISION

PRESCRIBING INTEREST RATES IMPOSED BY COMMERCIAL BANKS IN 2023 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 Credits Institutions dated June 16, 2010;

Pursuant to the Law on amendments to the Law on Credit Institutions dated November 20, 2017;

Pursuant to the Government's Decree No. 16/2017/ND-CP dated February 17, 2017 prescribing functions, tasks, powers and organizational structure of the State bank of Vietnam;

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;

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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;

HEREBY DECIDES:

Article 1. The interest rate imposed by commercial banks in 2023 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 5,0%/year.

Article 2. This Decision comes into force from January 01, 2023 and supersedes Decision No. 1956/QD-NHNN dated December 03, 2021 of the Governor of the State Bank of Vietnam prescribing the interest rate imposed by commercial banks in 2022 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




Pham Thanh Ha