The maximum short-term lending interest rate in Vietnam dong as prescribed in Clause 2; Article 13 of Circular No. 39/2016/TT-NHNN dated December 30; 2016 is; as follows: Firstly credit institutions foreign bank branches (except People’s Credit Funds and Microfinance Institutions) shall apply the maximum short-term lending interest rate in VND of 5.5%/year. Secondly people’s credit funds and microfinance institutions shall apply the maximum short-term lending interest rate in VND of 6.5%/year. Thus depending on each lending institution; the maximum short-term lending interest rate in VND is 5.5%/year or 6.5%/year.