THE STATE BANK OF VIETNAM 

Circular No. 06/2014/TT-NHNN dated 17 March 2014 of the State Bank of Vietnam providing for the maximum interest rate applicable to USD deposits of organizations, individuals at credit institutions
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated 16 June 2010;
Pursuant to the Law on Credit Institutions No. 47/2010/QH12 dated 16 June 2010;
Pursuant to the Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11 dated 13 December 2005;
Pursuant to the Ordinance on Foreign Exchange No. 06/2013/UBTVQH13 on the amendment of, supplement to several Articles of the Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11 dated 13 December 2005;
Pursuant to the Decree No. 160/2006/ND-CP dated 28 December 2006 of the Government providing in details for the implementation of the Ordinance on Foreign Exchange;
Pursuant to the Decree No. 156/2013/ND-CP dated 11 November 2013 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
 Upon proposal by the Director of Monetary Policy Department
The Governor of the State Bank of Vietnam hereby provides for the maximum interest rate applicable to USD deposits of organizations, individuals at credit institutions as follows:
Article 1.
1. Credit Institutions, foreign bank branches (hereinafter referred to as credit institutions) shall apply interest rate applicable to USD deposits that is not higher than the maximum interest rate as announced by the Governor of the State Bank from time to time for:
a) Deposits of entities (excluding credit institutions);
b) Deposits of individuals.
2. Deposits shall include such forms as demand deposits, term deposits, savings deposits, deposit certificates, bills of exchange, bills, bonds and other forms of