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The increase in interest rates for property loan agreements in the Draft of Civil Code

FBNC News: The increase in interest rates for property loan agreements in the Draft of Civil Code (edited)

Partner Tran Thanh Tung of Phuoc & Partners was invited to contribute his expertise on the program FBNC News regarding the increase in interest rates for property loan agreements in the Draft of Civil Code (edited).

FBNC (Finance Business News Corporation) is among Vietnam’s largest cable broadcast channels which focuses on finance and business news. From 2009 until now, FBNC has delivered some of the most prestigious and respected programs with analysis from leading experts.

Partner Tran Thanh Tung of Phuoc & Partners was interviewed during FBNC News about the Draft of Civil Code (edited) and the raising of the highest interest rates from 150% to 200% as distinct from that which was released by the State Bank for property loan agreements. According to Lawyer Tran Thanh Tung, this is a suitable adjustment which would have a positive effect on the current situation.