STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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No. 1179/2002/QD-NHNN
Hanoi, October 28th , 2002
 
DECISION
ON THE ANNOUNCEMENT OF THE BASE INTEREST RATE IN VIETNAM DONG
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam and Law on the Credit Institutions dated 12 December, 1997;
Pursuant to the Decree No. 15 CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministry-level agencies;

Upon the proposal of the Director of the Monetary Policy Department,
DECIDES
Article 1.
To announce the base interest rate in Vietnam Dong, to be of 0.62% per month (7,44% per year)
Article 2.
1. This Decision shall be effective from 01 November, 2002 and replace the Decision No. 1058/2002/QD-NHNN dated 27 September, 2002 on the base interest rate level of the Governor of the State Bank.

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2. Heads of units of the State Bank, General Manager of State Bank branches in provinces, cities, Board of Directors and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.
 
FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Phung Khac Ke
 

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