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Interest rate in civil credit contracts under discussion

by VTV424 August 2015 Last updated at 17:15 PM

VTV.vn - National Assembly deputies continued to discuss the draft amendments to the civil code. One of the issues under scrutiny are interest rates on commercial loans in civil credit contracts.

The current Civil Code stipulates that interest rates on commercial loans in civil credit contracts must not be higher than 150 percent of the prime interest rate set by SBV. Some deputies want to raise this threshold to 200 percent. Some want the interested rates to be clearly stated in the code.The National Assembly has yet to reach an agreement on this matter.

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