INTEREST RATE FOR LOAN CONTRACT ACCORDING TO VIETNAMESE CIVIL LAW THROUGH PERIODS IN CONTACT WITH CREDIT LAWS

Abstract

Interest rates are a financial tool to ensure the rights of lenders in loan contracts. Accordingly, the borrower is obliged to pay interest if so agreed or provided by law. Through the amendments of the Civil Code, interest rates are an item that has had many changes compared to other provisions in loan agreements. However, the interest rates prescribed in the current Civil Code still cause different interpretations, especially in relation to credit laws. This leads to inconsistent application of the law, especially when dealing with credit contract disputes. Therefore, based on the study of interest rate regulations on loan contracts under the laws of Vietnam over time, we analyze some problems about interest rates and credit law under the current Civil Code and make some specific recommendations to solve the problems.