| STATE BANK OF VIETNAM ------------ No. 837/QD-NHNN | SOCIALIST REPUBLIC OF VIETNAM Independence- Freedom – Happiness ------------ Hanoi, April 10, 2009 |
DECISION
ON REFINANCING INTEREST RATE, REDISCOUNT INTEREST RATE AND INTEREST RATE APPLICABLE TO OVERNIGHT LOAN IN THE INTER-BANK ELECTRONIC PAYMENT AND APPLICABLE TO LOAN FOR MAKING UP CAPITAL DEFICIT IN THE CLEARING PAYMENT OF STATE BANK OF VIETNAM FOR BANKS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on the amendment, supplement of several Articles of the Law on the State Bank of Vietnam issued in 2003;
- 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 interest rates of the State Bank of Vietnam as follows:
1. Re-financing interest rate to be of 7.0% per annum.
2. Rediscount interest rate to be of 5.0% per annum.
3. Interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to loan for making up capital deficit in the clearing payment of State Bank of Vietnam for banks to be of 7.0% per annum.
Article 2. This Decision shall be effective from 10 April 2009 and replace the Decision No. 173/QD-NHNN dated 23 January 2009 on the refinancing interest rate, rediscount interest rate and interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to loan for making up capital deficit in clearing payment of the State Bank of Vietnam for banks.
