Decision 2570/QD-NHNN 2018 interest rate 2019 for housing support loans

THE STATE BANK OF VIETNAM

Decision No. 2570/QD-NHNN dated December 25, 2018 of the State Bank of Vietnaminterest rate of commercial banks applicable in 2019 for debt of loans supporting houses in the Circular No. 11/2013/TT-NHNN dated May 15, 2013, the Circular No. 32/2014/TT-NHNN dated November 18, 2014, the Circular No. 25/2016/TT-NHNN dated July 29, 2016

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on credits institutions dated June 16, 2010;

Pursuant to the Law on amendments to the Law on credit institutions dated November 20, 2017;

Pursuant to the Government’s Decree No. 16/2017/ND-CP dated February 17, 2017 defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

Pursuant to the Government’s Decree No. 39/2014/ND-CP dated May 07, 2014 on operations of financial companies and finance lease companies;

At the request of the Head of the Bank Supervision and Inspection Agency;

The Governor of the State Bank of Vietnam promulgates a Circular on amendments to the Circular No. 30/2015/TT-NHNN dated December 25, 2015 by the Governor of the State Bank of Vietnam on licensing, organization and operation of non-bank credit institutions.

Article 1.

Article 3. Responsibility for implementation 

The Chief of the Office, the Head of the Bank Supervision and Inspection Agency, heads of relevant entities affiliated to the SBV, Directors of the SBV’s branches in provinces or central-affiliated cities, Chairpersons of the Board of Directors, Chairpersons of the Board of Members, and General Directors (Directors) of non-bank credit institutions shall implement this Circular.

Article 4. Implementation provisions

1.This Circular takes effect on March 20, 2019.

2.This Circular nullifies Clause 9, Clause 10 Article 1 of the Circular No. 15/2016/TT-NHNN dated June 30, 2016 by the Governor of the State Bank of Vietnam./.

For the Governor

Deputy Governor

Doan Thai Son