VietnameseDecision No. 495/2000/QD-NHNN1 of November 30, 2000, on the number of days of a year used for the calculation of the US$ deposits and lending interest rate
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Decision No. 495/2000/QD-NHNN1 of November 30, 2000, on the number of days of a year used for the calculation of the US$ deposits and lending interest rate
| Issuing body: | State Bank of Vietnam | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 495/2000/QD-NHNN1 | Signer: | Duong Thu Huong |
| Type: | Decision | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 30/11/2000 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
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STATE BANK OF VIETNAM ------- | SOCIALIST REPUBLIC OF VIETNAM Independence-freedom-happiness --------- |
No. 495/2000/QD-NHNN1 | Hanoi, November 30th , 2000 |
DECISION
ON THE NUMBER OF DAYS OF A YEAR USED FOR THE CALCULATION OF THE US$ DEPOSITS AND LENDING INTEREST RATE
THE GOVERNOR OF THE STATE BANK
Pursuant to the Civil Code of the Socialist Republic of Vietnam dated 9 November, 1995;
Pursuant to the Law on the State Bank of Vietnam and the Law on the Credit Institutions dated 12 December, 1997;
Pursuant to the Decree No. 15 CP dated 2 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries, ministerial-level agencies;
Upon the proposal of the Director of the Monetary Policy Department,
Pursuant to the Law on the State Bank of Vietnam and the Law on the Credit Institutions dated 12 December, 1997;
Pursuant to the Decree No. 15 CP dated 2 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries, ministerial-level agencies;
Upon the proposal of the Director of the Monetary Policy Department,
DECIDES
Article 1. The number of days of a year used for the calculation of the US$ deposits and lending interest rate of credit institutions for customers shall be 360 days.
Article 2. This Decision shall be effective from 1 December, 2000 and replace the provision in respect of the basis for interest calculation stated in point 4, Official Dispatch No. 854/CV-NHNN1 dated 6 September, 2000 of the Governor of the State Bank on the use of SIBOR for the determination of US$ lending interest rate of the credit institutions for customers.
Article 3. Heads of units of the State Bank of Vietnam, General Managers of State Bank branches in provinces, cities, Chairman and Directors General (Directors) of credit institutions shall be responsible for the implementation of this Decision.
FOR THE GOVERNOR OF THE STATE BANK DEPUTY GOVERNOR Duong Thu Huong |
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