VietnameseDecision No. 703/2001/QD-NHNN of May 24, 2001, on the announcement of the base interest rate as a basis for the determination by credit institutions of the lending interest rate in Vietnam Dong for customers
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Decision No. 703/2001/QD-NHNN of May 24, 2001, on the announcement of the base interest rate as a basis for the determination by credit institutions of the lending interest rate in Vietnam Dong for customers
| 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: | 703/2001/QD-NHNN | Signer: | Le Duc Thuy |
| 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: | 24/05/2001 | 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. 703/2001/QD-NHNN | Hanoi, May 24th , 2001 |
DECISION
ON THE ANNOUNCEMENT OF THE BASE INTEREST RATE AS A BASIS FOR THE DETERMINATION BY CREDIT INSTITUTIONS OF THE LENDING INTEREST RATE IN VIETNAM DONG FOR CUSTOMERS
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam and Law on the Credit Institutions dated 12 December, 1997;
Pursuant to the Decree No. 15 CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministerial-level agencies;
Based on the direction of the Government stated in the Dispatch No. 03/VPCP-KTTH dated 15 January, 2001 on the operation of the base interest rate in Vietnam Dong;
Upon the proposal of the Director of the Monetary Policy Department,
Pursuant to the Decree No. 15 CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministerial-level agencies;
Based on the direction of the Government stated in the Dispatch No. 03/VPCP-KTTH dated 15 January, 2001 on the operation of the base interest rate in Vietnam Dong;
Upon the proposal of the Director of the Monetary Policy Department,
DECIDES
Article 1. To announce the base interest rate as a basis for the determination by credit institutions of the lending interest rate in Vietnam Dong for customers, to be of 0.65% per month.
Article 2.
1. This Decision shall be effective from 01 June, 2001 and supercede the base interest rate which is provided for in the Article 1, Decision No. 557/2001/QD-NHNN dated 26 April, 2001 of the Governor of the State Bank on the announcement of the base interest rate as a basis for the determination by credit institutions of the lending interest rate in Vietnam Dong for customers.
2. Heads of units of the State Bank, General Managers of State Bank branches in provinces, cities, Chairman of the Board of Director and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.
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