This Decision sets the interest rate for non-term US dollar deposits of credit organizations and State Treasury at the State Bank at 1.2% per annum, effective from January 1, 2002.
Scope of application
Credit organizations and State Treasury.
Key points
- Credit organizations and State Treasury shall implement the interest rate for non-term US dollar deposits at 1.2% per annum.
🌐 Social impact of this document
- Positive impact: Helps credit organizations and State Treasury have a basis to manage non-term US dollar deposit activities.
- Negative impact: Does not significantly affect the public or businesses.
❓ Frequently asked questions
What is the interest rate for non-term US dollar deposits?
The interest rate for non-term US dollar deposits of credit organizations and State Treasury at the State Bank is 1.2% per annum.
When does this Decision take effect?
This Decision takes effect from January 1, 2002.
Which decision does this Decision replace?
This Decision replaces Decision No. 1473/2001/QĐ-NHNN dated November 23, 2001 of the Governor of the State Bank stipulating the interest rate for foreign currency deposits of credit organizations and State Treasury at the State Bank.
Which organizations are responsible for implementing this Decision?
The Director of the Office, the Director of the Trading Department, the Heads of the Monetary Policy Department, the Accounting and Finance Department, and the Heads of related units under the State Bank; the Chairmen of the Management Boards and General Directors (Directors) of credit organizations, and the General Director of the State Treasury are responsible for implementing this Decision.
For which type of currency does this Decision apply?
This Decision applies to the regulation of the interest rate for non-term US dollar deposits of credit organizations and State Treasury at the State Bank.
Full text
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./.
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