Decision No. 03/2002/QĐ-NHNN stipulates the interest rate for non-term US dollar deposits of credit organizations and State Treasury at the State Bank.

DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM

Specifies the interest rate for non-term US dollar deposits of credit institutions and the State Treasury at the State Bank.

Based on the Government's directives in Document No. 03/VPCP-KTTH dated January 15, 2001, regarding the management of the basic interest rate in Vietnamese dong;

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam and the Law on Credit Organizations dated December 12, 1997;

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;

The interest rate for non-term US dollar deposits of credit institutions and the State Treasury at the State Bank is hereby set at 1.2% per annum.

Pursuant to the proposal of the Director of the Monetary Policy Department,

DECISION:

Article 1This Decision takes effect from January 1, 2002, and replaces Decision No. 1473/2001/QĐ-NHNN1 dated November 23, 2001, issued by the Governor of the State Bank concerning the interest rates for foreign currency deposits of credit institutions and the State Treasury at the State Bank.

Article 2The Director of the Office, the Director of the Trading Department, the Heads of the Monetary Policy Department, the Accounting and Finance Department of the State Bank, the Directors of the State Bank branches in provinces and cities, the Chairmen of the Boards of Management and General Managers (Directors) of credit institutions, and the General Manager of the State Treasury are responsible for implementing this Decision./.

Article 3The Director of the Office, the Director of the Securities Trading Department, the Head of the Monetary Policy Department, the Head of the Accounting and Finance Department, and the Heads of relevant units under the State Bank, the Directors of the State Bank's branches in provinces and cities; the Chairmen of the Management Boards and General Managers (Directors) of credit organizations, and the General Director of the National Treasury are responsible for implementing this Decision./.