Decision No. 10/QD-NH1 adjusts the interest rate for additional working capital loans from 1.7% per month to 1.2% per month for the Vietnam Gold and Precious Metals Corporation. The new interest rate will be applied from January 16, 1996.
Scope of application
Vietnam Gold and Precious Metals Corporation
Key points
- Vietnam Gold and Precious Metals Corporation → has its interest rate for additional working capital loans reduced from 1.7% per month to 1.2% per month.
🌐 Social impact of this document
- Reducing the financial burden on the Vietnam Gold and Precious Metals Corporation through a reduction in the interest rate for working capital loans.
- Enhancing the flexibility of the Vietnam Gold and Precious Metals Corporation's ability to manage working capital.
❓ Frequently asked questions
What is the new interest rate?
The interest rate for additional working capital loans for the Vietnam Gold and Precious Metals Corporation has been adjusted from 1.7% per month to 1.2% per month.
When does the new interest rate take effect?
The new interest rate takes effect from January 16, 1996.
Will the outstanding balance be affected?
The outstanding balance of the Vietnam Gold and Precious Metals Corporation as of the end of January 15, 1996, will be subject to the new interest rate stipulated in this decision.
Does this decision become effective immediately upon issuance?
Yes, this decision becomes effective from January 16, 1996, and replaces the previous interest rate stipulated in Article 1 of Decision No. 244/QD-NH1.
What should related units do?
The Director of the Governor's Office, the Head of the Credit Department, the Heads of relevant units at the Central Bank, the General Director of the Vietnam Gold and Precious Metals Corporation, and the Directors of the Branches of the State Bank in provinces and cities are responsible for implementing this decision.
Full text
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STATE BANK OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 10/QĐ-NH1 |
Hanoi, January 6, 1996 |
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Regarding the adjustment of interest rates for additional working capital loans granted by the State Bank to the Vietnam Precious Metals and Gems Corporation systemPursuant to the State Bank Law promulgated pursuant to Decree No. 37/LCT-HĐNN8 dated May 24, 1990 of the Chairman of the State Council of the Socialist Republic of Vietnam;
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Now, the interest rate for additional working capital loans granted by the State Bank to the Vietnam Precious Metals and Gems Corporation system is adjusted from 1.7% per month to 1.2% per month.
Pursuant to Decree 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
At the proposal of the Director of the Economic Research Department;
DECISION:
Article 1. The interest rate prescribed in Article 1 of this Decision shall be applied as of January 16, 1996, and shall replace the 1.7% interest rate for additional working capital loans granted by the State Bank to the Vietnam Precious Metals and Gems Corporation as stipulated in Article 1 of Decision No. 244/QĐ-NH1 dated October 1, 1994 of the Governor of the State Bank.
Article 2. The outstanding balance of the Vietnam Precious Metals and Gems Corporation with the State Bank as of the end of January 15, 1996, shall all apply the interest rate prescribed in this Decision.
The Director of the Governor's Office, the Head of the Credit Department, the Heads of relevant units at the Central Bank, the General Directors of the Vietnam Precious Metals and Gems Corporation, and the Directors of the State Bank Branches in provinces and cities are responsible for implementing this Decision.
Article 3. The Director of the Governor's Office, the Head of the Credit Department, the Heads of relevant units at the Central Bank, the General Director of the Vietnam Gold, Silver, and Precious Stones Corporation, and the Directors of the State Bank Branches in provinces and cities are responsible for implementing this Decision.
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STATE BANK OF VIETNAM |
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(Signed) |
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CHU VAN NGUYEN |
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