THE STATE BANK OF VIETNAM

Decision No.  21/QD-NHNN dated January 02, 2014 of the State Bank of Vietnam providing the interest rate of commercial bank applied in 2014 for loan’s outstanding balance for house assistance in accordance with the Circular No. 11/2013/TT-NHNN date May 15, 2013
THE GOVERNOR OF STATE BANK
Pursuant to the Law No. 46/2010/QH12 dated June 16, 2010 on the State bank of Vietnam;
Pursuant to the Law No. 47/2010/QH12, dated June 16, 2010 on credit institutions;
Pursuant to the Decree No. 156/2013/ND-CP dated November 11, 2013 of the Government defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to the Resolution No. 02/NQ-CP, January 07, 2013 of the Government on some solutions to remove difficulties for business production, market support, handling of bad debts;
Pursuant to the Circular No. 11/2013/TT-NHNN dated May 15, 2013 of the State Bank of Vietnam providing the grant of housing support loans under the Government’s Resolution No. 02/NQ-CP of January 7, 2013;
At the proposal of the Director of the monetary policy department.
DECIDES
Article 1. Commercial bank’s interest rate applicable in 2014 for outstanding balance of loans for housing assistance according to Circular No. 11/2013/TT-NHNN dated May 15, 2013 shall be 5% per annum.
Article 2. This Decision takes effect on the signing date.