STATE BANK
OF VIETNAM
---------
No. 12/2010/TT-NHNN
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

--------------
Hanoi, 14 April 2010
 
 
CIRCULAR
PROVIDING GUIDANCE ON LENDING IN VIETNAMESE DONG AT THE AGREEMENT INTEREST RATE BY CREDIT INSTITUTIONS TO THEIR CUSTOMERS
 
STATE BANK OF VIETNAM
 
Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on the amendment, supplement of several articles of the Law on the State Bank of Vietnam issued in 2003;
Pursuant to the Law on Credit Institutions issued in 1997; the Law on the amendment, supplement of several articles of the Law on Credit Institutions issued in 2004;
Pursuant to the Resolution No.23/2008/NQ-QH12 dated 06 November 2008 of the National Assembly on the 2009 socio-economic development plan;
Pursuant to the Decree No.96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
Pursuant to the Resolution No. 12/NQ-CP dated 7 March 2010 of the Government on regular meeting session of the Government in February 2010;
Pursuant to the Resolution No. 18/NQ-CP dated 6 April 2010 of the Government on solutions to ensure macro-economic stability, not allow high rate of inflation and achieve economic growth rate of about 6.5% in the year 2010;
Upon direction of the Prime Minister at the dispatch No.627/VPCP-KTTH dated 23 January 2009 of the Government’s Office on the application of agreement lending interest rate by credit institutions;
The State Bank of Vietnam hereby provides guidance on lending in Vietnamese dong at the agreement interest rate by credit institutions to their customers as follows:

Article 1. The credit institutions shall provide loan in Vietnamese dong at the agreement interest rate to their borrowers in order to meet capital demand of project, plan of production, business, service, development investment and for efficient life.

 Click Download to see full text