Decision No. 85/2001/QD-NHNN of January 31, 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. 85/2001/QD-NHNN of January 31, 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 VietnamEffective date:
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Official number:85/2001/QD-NHNNSigner:Duong Thu Huong
Type:DecisionExpiry date:
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Issuing date:31/01/2001Effect status:
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Fields:Finance - Banking
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STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence-freedom-happiness
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No. 85/2001/QD-NHNN
Hanoi, January 31st , 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 the 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,
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 0.75% per month.
Article 2.
1. This Decision shall be effective from 01 February, 2001 and supercede the base interest rate which is provided for in the Article 1, Decision No. 500/2000/QD-NHNN1 dated 5 December, 2000 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 Manager 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.
 

 
FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Duong Thu Huong
 
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