Decision No. 296/2000/QĐ-NHNN1 Announcing the basic interest rate as the basis for credit institutions to set interest rates on loans in Vietnamese dong for customers

Pursuant to …; OF THE HEAD OF THE STATE BANK

Announcing the basic interest rate as the basis for credit institutions to set interest rates on loans in Vietnamese dong for customers

quy định利率对于以越南 đồng贷款的客户予以确定

GOVERNOR OF THE STATE BANK OF VIETNAM

BASED ON THE LAW ON THE STATE BANK OF VIETNAM AND THE LAW ON CREDIT ORGANIZATIONS dated December 12, 1997;

BASED ON 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 directive of the Prime Minister in the document number 322/VPCP-KTTH dated July 25, 2000, of the Government Office regarding interest rate management;

Pursuant to the proposal of the Director of the Monetary Policy Department,

Pursuant to …;

Article 1. Now announcing the basic interest rate stipulated in Decision No. 241/2000/QĐ-NHNN1 dated August 2, 2000, of the Governor of the State Bank of Vietnam on changing the mechanism for managing lending interest rates for customers by credit institutions at 0.75% per month

Article 2.

1. This Decision takes effect from September 6, 2000, and replaces the provision on the basic interest rate in Article 1 of Decision No. 242/2000/QĐ-NHNN1 dated August 2, 2000, of the Governor of the State Bank of Vietnam on announcing the basic interest rate as the basis for credit institutions to set interest rates on loans in Vietnamese dong for customers.

2. Heads of units under the State Bank of Vietnam, Governors of provincial and municipal branches of the State Bank of Vietnam; Chairmen of the Board of Directors and General Directors (Directors) of credit institutions are responsible for implementing this Decision./.