| THE STATE BANK OF VIETNAM --------- | SOCIALIST REPUBLIC OF VIETNAM Independence- Freedom- Happiness -------------- |
| No. 174/QD-NHNN | Hanoi, January 23, 2009 |
DECISION
ON THE INTEREST RATE APPLICABLE TO REQUIRED RESERVE DEPOSIT IN VIETNAM DONG OF CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam in 1997; the Law on the amendment, supplement of several Articles of the Law on the State Bank of Vietnam in 2003;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government, providing for functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Pursuant to the Official Dispatch No. 77/VPCP-KTTH dated 22 January 2009 of the Government's Office on the adjustment of interest rates of the State Bank of Vietnam;
- Upon the proposal of the Director of the Monetary Policy Department,
DECIDES:
Article 1. To provide for the interest rate applicable to required reserve deposit in Vietnam Dong of credit institutions to be of 3.6% per annum.
Article 2. This Decision shall be effective from 01 February 2009 and replace the Decision No. 3162/QD-NHNN dated 19 December 2008 of the Governor of the State Bank on the interest rate applicable to required reserve deposit in Vietnam Dong of credit institutions.
