| THE STATE BANK OF VIETNAM | SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom - Happiness |
| No.: 07/2010/TT-NHNN | Hanoi, February 26, 2010 |
CIRCULAR
SPECIFYING THE PROVISION OF VIETNAM-DONG LOANS AT NEGOTIABLE INTEREST RATES BY CREDIT INSTITUTIONS TO CUSTOMERS
THE STATE BANK OF VIETNAM
Pursuant to the 1997 Law on the State Bank of Vietnam and the 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam;
Pursuant to the 1997 Law on Credit Institutions and the 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;
Pursuant to the National Assembly's
Resolution No. 23/2008/NQ-QH12 of November 6, 2008, on the 2009 socio-economic development plan;
Pursuant to the Government's Decree No. 96/ 2008/ND-CP of August 26, 2008, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
In furtherance of the Prime Minister's directing opinion in the Government Office's Document No. 627/VPCP-KTTH of January 23, 2009, on the application of negotiable interest rates by credit institutions;
The State Bank of Vietnam specifies the provision of Vietnam-dong loans at negotiable interest rates by credit institutions to customers as follows:
Article 1. Credit institutions may provide Vietnam-dong loans at negotiable interest rates to customers in accordance with laws on the provision of loans by credit institutions to customers and on the basis of capital demand-supply in the market and borrowers' credit ratings, including:
