THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 582/2003/QD-NHNN
Hanoi, June 09, 2003
 DECISION
ADJUSTING COMPULSORY RESERVE FOR CREDIT INSTITUTIONS
THE STATE BANK GOVERNOR
Pursuant to State Bank Law No. 01/1997/QH10 and Credit Institution Law No. 02/1997/QH10 of December 12, 1997;
Pursuant to the Government's Decree No. 86/2002/ND-CP of November 5, 2002 defining the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies;
At the proposal of the director of the Department of Monetary Policies,
DECIDES:
Article 1.- Deposits, which are subject to compulsory reserve as provided for in Article 12 of the Compulsory Reserve Regulation, issued together with Decision No. 581/2003/QD-NHNN of June 9, 2003, are demand deposits and under-24 month deposits.
Article 2.- Rates of compulsory-reserve for Vietnam dong deposits applicable to credit institutions shall be as follows:
1. Rates of compulsory-reserve for Vietnam dong demand deposits and under-12 month deposits shall be as follows:
a/ For State-run commercial banks (excluding the Bank for Agriculture and Rural Development), urban joint-stock commercial banks, joint-venture banks, foreign banks' branches and financial companies: 3% of the total balance of deposits subject to compulsory- reserve;
b/ For the Bank for Agriculture and Rural Development: 2% of the total balance of deposits subject to compulsory-reserve;