| THE STATE BANK OF VIETNAM ------------ | SOCIALIST REPUBLIC OF VIETNAM Independence- Freedom – Happiness ------------ |
| No. 626/QD-NHNN | Hanoi, March 24, 2009 |
DECISION
ON THE BASE INTEREST RATE IN VIETNAMESE DONG
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 Law on Credit Institutions in 1997; the Law on the amendment, supplement of several Articles of the Law on Credit Institutions in 2004;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Upon the proposal of the Director of the Monetary Policy Department,
DECIDES:
Article 1. To announce the base interest rate in Vietnamese Dong to be of 7.0% per annum.
Article 2. This Decision shall be effective from 01 April 2009 and replace the Decision No. 378/QD-NHNN dated 24 February 2009 of the Governor of the State Bank on the base interest rate in Vietnamese Dong.
