THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom Happiness
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No. 285/2003/QD-NHNN
Hanoi, March 31, 2003
 
DECISION
ON 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. 86/2002/ND-CP dated 05 November, 2002 of the Government on the function, assignment, authority and organization structure 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 0.625% per month (7.50% per year)
Article 2.
1. This Decision shall be effective from 01 April, 2003 and replace the Decision No. 170/2003/QD-NHNN dated 28 February, 2003 on the base interest rate level in Vietnam Dong of the Governor of the State Bank.
2. Heads of units of the State Bank, General Manager of State Bank branches in provinces, cities under the central Governments management, Board of Directors and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.

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FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Phung Khac Ke
 

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