VietnameseOfficial Dispatch No. 7585/NHNN-CSTT of August 19, 2008, application of interest rate to VND loan fund extended among credit institutions in the inter-bank market
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Official Dispatch No. 7585/NHNN-CSTT of August 19, 2008, application of interest rate to VND loan fund extended among credit institutions in the inter-bank market
| 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: | 7585/NHNN-CSTT | Signer: | Nguyen Dong Tien |
| Type: | Official Dispatch | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 19/08/2008 | 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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Effect status: Known
THE STATE BANK OF VIETNAM --------------- | SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness ----------------- |
No. 7585/NHNN-CSTT Re: application of interest rate to VND loan fund extended among credit institutions in the inter-bank market | Hanoi, August 19, 2008 |
To: Credit institutions
The State Bank of Vietnam would like to provide guidance on the application of interest rate to VND loan fund extended among credit institutions in the inter-bank market as follows:
According to the provisions of the Civil Code, Law on State Bank of Vietnam, Decision No. 16/2008/QD-NHNN dated 16 May 2008 of the Governor of the State Bank on management mechanism for base interest rate in Vietnam Dong and principle of creation of interest rate in the monetary-credit market, credit institutions shall determine interest rate of mobilization and interest rate of VND loan among credit institutions in the inter-bank market not in excess of 150% of the base interest rate announced by the State Bank for application from time to time. This Official Dispatch shall be effective from 19 August 2008.
FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM DEPUTY GOVERNOR Nguyen Dong Tien |
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