| THE STATE BANK OF VIETNAM ------------------ No: 20/2012/TT-NHNN | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom – Happiness ---------------- Hanoi, June 08, 2012 |
CIRCULAR
AMENDING, SUPPLEMENTING SOME ARTICLES OF THE CIRCULAR NO. 14/2012/TT-NHNN DATED MAY 04, 2012 STIPULATING THE MAXIMUM VND SHORT-TERM LENDING RATE TO BE CHARGED BY CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES FOR BORROWERS TO MEET THE CAPITAL REQUIREMENTS FOR SEVERAL SECTORS
Pursuant to the Law on the State Bank of Vietnam No.46/2010/QH12 of June 16, 2010;
Pursuant to the Law on credit institutions No. 47/2010/QH12, of June 16, 2010;
Pursuant to the Government’s Decree No. 96/2008/ND-CP, of August 26, 2008, on regulating functions, tasks, powers and organizational structure of the State Bank of Vietnam;
At the proposal of the Director of Monetary Policy Department;
The Governor of the State Bank of Vietnam issued the Circular amending, supplementing some Articles of the Circular No. 14/2012/TT-NHNN dated May 04, 2012 stipulating the maximum interest rate for short term loan in Vietnamese dong of credit institutions, foreign bank branches for borrowers to meet the capital requirements for several sectors.
Article 1. Amending, supplementing some Articles of the Circular No. 14/2012/TT-NHNN dated May 04, 2012 stipulating the maximum interest rate for short term loan in Vietnamese dong of credit institutions, foreign bank branches for borrowers to meet the capital requirements for several sectors as follows:
