Decision No. 103/2000/QĐ-NHNN stipulates that the State Bank of Vietnam adjusts the rediscount rate for credit institutions from the previous level to 0.45% per month starting from April 5, 2000.
Scope of application
The State Bank of Vietnam and credit institutions
Key points
- The State Bank of Vietnam adjusts the rediscount rate for credit institutions to 0.45% per month (Article 1).
- The outstanding loan balance of credit institutions with the State Bank of Vietnam as of April 4, 2000, will be adjusted according to the new interest rate from April 5, 2000 (Article 3).
- This decision replaces Decision No. 382/1999/QĐ-NHNN on adjusting the rediscount rate of the State Bank of Vietnam for credit institutions.
- The State Bank of Vietnam and credit institutions must implement this decision (Article 4).
- This decision takes effect from April 5, 2000.
🌐 Social impact of this document
- To stabilize lending rates between the State Bank of Vietnam and credit institutions.
- It may create a financial burden for credit institutions if they have to pay higher interest rates than before.
❓ Frequently asked questions
What is the new rediscount rate?
0.45% per month starting from April 5, 2000 (Article 1).
Which decision does this replace?
Replaces Decision No. 382/1999/QĐ-NHNN dated October 22, 1999 (Article 2).
When does this decision take effect?
April 5, 2000 (Article 2).
Full text
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Regarding the adjustment of the rediscount rate of the State Bank of Vietnam for credit institutions
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 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;
Pursuant to the proposal of the Director of the Monetary Policy Department,
DECISION:
Article 1: The rediscount rate of the State Bank of Vietnam for credit institutions is now adjusted to 0.45% per month.
Article 2This Decision takes effect from April 5, 2000, and replaces Decision No. 382/1999/QĐ-NHNN1 dated October 22, 1999, of the Governor of the State Bank of Vietnam on adjusting the rediscount rate of the State Bank of Vietnam for credit institutions.
Article 3: The outstanding balance of rediscount loans of credit institutions at the State Bank of Vietnam as of the end of April 4, 2000, shall be adjusted according to the interest rate specified in Article 1 above.
Article 4The Director of the Office of the State Bank of Vietnam, Heads of units under the State Bank of Vietnam, Governors of provincial and municipal branches of the State Bank of Vietnam, Chairmen of management boards and General Directors (Directors) of credit institutions are responsible for implementing this Decision./.
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