Decision No. 421/QD-NHNN 2020 interest rate of deposit of required reserves of foreign bank branches

DECISION
On interest rate of deposit of required reserves and deposit of required reserves extension of credit institutions, foreign bank branches in the State Bank of Vietnam

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THE GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to June 16, 2010 Law No. 46/2010/QH12 on the State Bank of Vietnam;

Pursuant to the Law on Credit Institutions No. 47/2010/QH12 dated June 16, 2010 and the Law on amending a number of Articles of the Law on Credit Institutions No. 47/2010/QH12 dated November 20, 2017;

Pursuant to the Decree No. 16/2017/ND-CP dated 11 November 2017 of the Government, providing for functions, duties, authorities and organizational structure of the State Bank of Vietnam;

Upon proposal of the Director of the Monetary Policy Department;

DECISION

Article 1. The interest rate of deposit of required reserves and deposit of required reserves extension of credit institutions, foreign bank branches in the State Bank of Vietnam shall be stipulated as follow: