Decision No. 170/2003/QD-NHNN announces the basic interest rate in Vietnamese Dong at 0.62% per month (7.44% per year), effective from March 1, 2003, replacing Decision No. 93/2003/QD-NHNN.
Các điểm cốt lõi
- The Governor of the State Bank of Vietnam → announces the basic interest rate in Vietnamese Dong at 0.62% per month (7.44% per year).
- Heads of units under the State Bank of Vietnam and Directors of provincial/municipal branches of the State Bank of Vietnam; Boards of Directors and General Managers/Managers of credit organizations → are responsible for implementing this Decision.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Reduces borrowing costs for individuals and businesses, creating more favorable conditions for managing cash flow.
- Negative impact: May affect the profits of credit organizations if the basic interest rate decreases.
❓ Câu hỏi thường gặp
What is the new basic interest rate?
The basic interest rate in Vietnamese Dong announced is 0.62% per month (7.44% per year).
When does this Decision take effect?
This Decision takes effect from March 1, 2003.
Which Decision does the new basic interest rate replace?
This Decision replaces Decision No. 93/2003/QD-NHNN dated January 29, 2003, on the basic interest rate issued by the Governor of the State Bank of Vietnam.
Who is responsible for implementing this Decision?
Heads of units under the State Bank of Vietnam, Directors of provincial/municipal branches of the State Bank of Vietnam; Boards of Directors and General Managers/Managers of credit organizations are responsible for implementing this Decision.
For which entities is the new basic interest rate applicable?
This Decision does not specify particular entities, but it may apply to all credit organizations and their borrowing customers.
Toàn văn
Pursuant to …;
Regarding the announcement of the basic interest rate in Vietnamese dong
issued by the Governor of the State Bank of Vietnam
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. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating functions, tasks, powers, and organizational structure of Ministries and Ministerial-Level Agencies;
At the proposal of the Head of the Monetary Policy Department.
Pursuant to …;
Article 1. The basic interest rate in Vietnamese dong is hereby announced at 0.62% per month (7.44% per year).
Article 2.
1. This Decision shall take effect from March 1, 2003 and replace Decision No. 93/2003/QĐ-NHNN dated January 29, 2003 on the basic interest rate issued by the Governor of the State Bank of Vietnam.
2. Heads of units under the State Bank of Vietnam, Governors of provincial and centrally-run city branches of the State Bank of Vietnam; Boards of Directors and General Managers (Directors) of credit organizations are responsible for implementing this Decision.
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