Vietnam Statutory late-payment interest (lãi chậm trả)
Vietnam Statutory late-payment interest (lãi chậm trả) is 10 percent, in force since 1 Jan 2017. Last checked against the official source on 10 Aug 2026.
Vietnam's default interest on late payment of a civil money obligation: 10% per annum under Civil Code 2015 Article 357(2) read with Article 468(2) — half the 20% per annum ceiling on agreed interest. Commercial contracts are governed instead by Article 306 of the Commercial Law 2005.
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| Current value | 10 percent |
|---|---|
| In force from | 2017-01-01 |
| Official source | Bộ luật Dân sự 2015 (Law 91/2015/QH13) Điều 357 khoản 2: interest for late payment is as agreed 'nhưng không được vượt quá mức lãi suất được quy định tại khoản 1 Điều 468 của Bộ luật này; nếu không có thỏa thuận thì thực hiện theo quy định tại khoản 2 Điều 468' (but may not exceed the rate in Art. 468(1); absent agreement, Art. 468(2) applies); Điều 468 khoản 1: 'lãi suất theo thỏa thuận không được vượt quá 20%/năm của khoản tiền vay' (an agreed rate may not exceed 20% per annum); khoản 2: the rate 'được xác định bằng 50% mức lãi suất giới hạn quy định tại khoản 1' (is fixed at 50% of the ceiling in paragraph 1) — i.e. 10% per annum |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
10% per annum, in force with the Civil Code 2015 from 1 January 2017. It is a derived-by-statute figure, not a moving one: the Code sets a 20% per annum ceiling on AGREED interest (Art. 468(1)) and fixes the fallback at exactly half of it (Art. 468(2)), so the number only changes if the Code is amended — it does not track State Bank of Vietnam rates. THE CIVIL/COMMERCIAL SPLIT IS THE MAIN TRAP AND IT IS DECISIVE: this 10% applies to CIVIL money obligations. Where the dispute is a commercial one (sale of goods, supply of services between traders), Art. 306 of the Luật Thương mại 2005 governs instead and gives the aggrieved party interest on the overdue sum at the 'lãi suất nợ quá hạn trung bình trên thị trường tại thời điểm thanh toán' — the average overdue-debt interest rate on the market at the time of payment — unless the parties agreed otherwise. That is not a published figure: Supreme People's Court precedent Án lệ 09/2016/AL directs courts to establish it from the overdue lending rates of at least three commercial banks at the place of performance, and expressly rules out simply substituting the State Bank's base rate; Resolution 01/2019/NQ-HĐTP of the Council of Judges supplies the general guidance on applying interest. In practice the commercial figure typically lands well above 10%. FURTHER POINTS: Art. 468(1) yields to other laws — credit institutions lending under the Law on Credit Institutions are outside the 20% cap, so the 10% fallback does not bind bank loans. Art. 466(5) sets the separate regime for overdue loan principal (150% of the in-contract rate on the overdue portion). Interest under Art. 357 is simple and runs on the delayed amount for the period of delay only. Criminal usury (Penal Code Art. 201) is a separate threshold — five times the Art. 468 cap — and is not a civil rate.
Get it programmatically
curl https://asiaref.dev/v1/vn/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/vn/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/vn/statutory-interestOther Vietnam series: Policy rate · Value added tax (Thue gia tri gia tang) · VAT registration threshold · Minimum wage (Muc luong toi thieu vung) · Public holidays · Consumer price index (Chi so gia tieu dung) · Corporate income tax (Thue thu nhap doanh nghiep) · Withholding tax rates · Personal income tax (Thue thu nhap ca nhan) · Statutory social-insurance contributions
The same figure elsewhere: Bahrain · Bangladesh · China · Hong Kong · India · all 28