Decision No. 180/QD-NH1 adjusts the interest rate on demand deposits of economic organizations from 0.1% per month to 0.5% per month. The decision takes effect from July 1, 1995.
Scope of application
Economic organizations
Key points
- Economic organizations → shall receive an interest rate on demand deposits of 0.5% per month
- The new interest rate applies from July 1, 1995
🌐 Social impact of this document
- Positive impact: Increase income for economic organizations through higher deposit interest rates.
- Negative impact: May reduce competition in the financial market if the new interest rate does not align with general trends.
❓ Frequently asked questions
What is the adjusted interest rate for demand deposits for economic organizations?
The interest rate on demand deposits for economic organizations has been adjusted from 0.1% per month to 0.5% per month.
When does this decision take effect?
This decision takes effect from July 1, 1995.
What actions must economic organizations take to comply with this decision?
Economic organizations need to adjust the interest rate on demand deposits to the new level of 0.5% per month starting from July 1, 1995.
Which types of economic organizations does this decision apply to?
This decision applies to all economic organizations.
What is the implementation period for this decision?
This decision takes effect from July 1, 1995, without specifying a specific duration.
Full text
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STATE BANK OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 180/QĐ-NH1 |
Hanoi, June 29, 1995 |
Pursuant to …;
REGARDING THE ADJUSTMENT OF INTEREST RATES ON DEPOSITS OF ECONOMIC ORGANIZATIONS
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Ordinance on the State Bank promulgated by Decree No. 37/LCT-HĐNN8 dated May 24, 1990 of the Chairman of the State Council.
Pursuant to the Government's Decree No. 15/CP dated February 3, 1993 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.
Pursuant to …;
Article 1: Adjusts the interest rate on demand deposits of economic organizations as stipulated in Clause 2, Section II, Article 1 of Decision No. 184/QĐ-NH1 dated September 28, 1993 of the Governor of the State Bank from 0.1% per month to 0.5% per month.
Article 2: This Decision takes effect from July 1, 1995.
Article 3: The General Director, Directors of Commercial Banks, Joint Venture Banks, Branches of Foreign Banks, Finance Companies, Directors of Provinces' and Cities' Branches of the State Bank, Heads of relevant units at the Central Bank are responsible for implementing this Decision.
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Lê Văn Châu (Signed) |
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