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ceiling interest rate
Update news ceiling interest rate
20% ceiling interest rate question remains open
VietNamNet Bridge – The Civil Code (revised), adopted by the National Assembly on November 24, states that negotiated interest rates must be controlled under 20 per cent per year, excluding loans stipulated in other laws.
Gold price gap creates fertile land for illegal imports
VietNamNet Bridge – The record big gap between the domestic and international gold prices has prompted speculators to import gold to sell domestically for profit.
Banks only offers short-term loans, businesses want long-term loans
VietNamNet Bridge – The credit packages with preferential interest rates offered by commercial banks are all the short term ones, while banks do not intend to push up long term lending.
