Decision No. 74/QD-NHNN dated January 18, 2010 of the State Bank of Vietnam on the adjustment of required reserve ratio in foreign currency of credit institutions

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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:	74/QD-NHNN	Signer:	Nguyen Van Giau
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:	18/01/2010	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

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No. 74/QD-NHNN

SOCIALIST REPUBLIC OF VIETNAM

Independence- Freedom - Happiness

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Hanoi, 18 January 2010

DECISION

ON THE ADJUSTMENT OF REQUIRED RESERVE RATIO IN FOREIGN CURRENCY OF CREDIT INSTITUTIONS

THE GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on amendment, supplement of several articles of the Law on the State Bank of Vietnam issued in 2003

Pursuant to the Law on the Credit Institutions issued in 1997; the Law on amendment, supplement of several articles of the Law on the Credit Institutions issued in 2004;

Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;

Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. Required reserve ratios applicable to foreign currency deposit of credit institutions shall be as follows:

1. Required reserve ratios applicable to demand foreign currency deposit and foreign currency deposit with the term of less than 12 months shall be as follows:

a. For State owned commercial banks (Bank for Agriculture and Rural Development of Vietnam excluded), joint stock commercial banks, 100% foreign owned banks, joint venture banks, foreign banks’ branches, the ratio shall be 4% over the total deposit balances subject to required reserve.

b. In respect of the Bank for Agriculture and Rural Development of Vietnam, Central People’s Credit Fund, cooperative banks, the ratio shall be 3% over the total deposit balances subject to required reserve.

2. Required reserve ratios applicable to foreign currency deposit with the term of 12 months and more shall be as follows:

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Decision No. 74/QD-NHNN dated January 18, 2010 of the State Bank of Vietnam on the adjustment of required reserve ratio in foreign currency of credit institutions

ATTRIBUTE

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

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