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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

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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
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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 VietnamEffective date:
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Official number:7585/NHNN-CSTTSigner:Nguyen Dong Tien
Type:Official DispatchExpiry date:
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Issuing date:19/08/2008Effect status:
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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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LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

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Decision No. 682/2004/QD-NHNN dated June 4, 2004 of the State Bank of Vietnam canceling Bank Codes and amending payment transaction names of Joint-venture Banks and foreign banks’ branches prescribed at points d and e, clause 3, article 5 of the State Bank Governor’s Decision No. 59/2000/QD-NHNN2 dated February 22, 2000 promulgating the Regulation on the system of Codes of Banks, Credit Institutions and State Treasuries, which open their accounts at the State Bank for direct payment transactions

Decision No. 682/2004/QD-NHNN dated June 4, 2004 of the State Bank of Vietnam canceling Bank Codes and amending payment transaction names of Joint-venture Banks and foreign banks’ branches prescribed at points d and e, clause 3, article 5 of the State Bank Governor’s Decision No. 59/2000/QD-NHNN2 dated February 22, 2000 promulgating the Regulation on the system of Codes of Banks, Credit Institutions and State Treasuries, which open their accounts at the State Bank for direct payment transactions

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