THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 1284/2002/QD-NHNN
Hanoi, November 21, 2002
 DECISION
ISSUING THE REGULATION ON THE OPENING AND USE OF DEPOSIT ACCOUNTS AT THE STATE BANK AND CREDIT INSTITUTIONS
THE STATE BANK GOVERNOR
Pursuant to Vietnam State Bank Law No.01/1997/QH10 and Credit Institution Law No.02/1997/QH10 of December 12, 1997;
Pursuant to the Governments Decree No.64/2001/ND-CP of September 20, 2001 on activities of payment via payment service-providing organizations;
Pursuant to the Governments Decree No.86/2002/ND-CP of November 5, 2002 defining the functions, tasks, powers and organizational structure of the ministries and ministerial-level agencies;
At the proposal of the director of the State Banks Accountancy-Finance Department,
DECIDES:
Article 1.- To issue together with this Decision the Regulation on the opening and use of deposit accounts at the State Bank and credit institutions.
Article 2.- This Decision takes effect 15 days after its signing. The earlier regulations on the opening and use of deposit accounts cease to be effective, including:
- The State Bank Governors Decision No.160/QD-NH2 of August 19, 1993 issuing the Regulation on the opening and use of deposit accounts by private enterprises and individuals.
- The provisions on the opening and use of deposit accounts in Part I, Circular No.08/TT-NH2 of June 2, 1994 of the State Bank Governor guiding the implementation of the regulation on non-cash payment.
Article 3.- The directors of the State Banks Office and Accountancy- Finance Department, the heads of the units attached to the State Bank, the directors of the State Banks branches in the provinces and centrally-run cities, the chairmen of the Managing Boards and the general directors (directors) of credit institutions shall have to implement this Decision.
 
FOR THE STATE BANK GOVERNOR
DEPUTY GOVERNOR




Vu Thi Lien
 
REGULATION
ON THE OPENING AND USE OF DEPOSIT ACCOUNTS AT THE STATE BANK AND CREDIT INSTITUTIONS
(Issued together with the State Bank Governors Decision No.1284/2002/QD-NHNN of November 21, 2002)
Chapter I
GENERAL PROVISIONS
Article 1.- Scope of regulation
1. This Regulation prescribes the opening and use of deposit (payment deposit) accounts by customers at payment service-providing organizations being Vietnam State Bank and credit institutions being Vietnam-based banks (hereinafter called banks for short).