Decision No. 396/1997/QĐ-NHNN1 of the State Bank of Vietnam promulgates the Compulsory Reserve Regulations for banks and credit institutions. This decision replaces previous decisions and takes effect from January 1, 1998.
Đối tượng áp dụng
Banks and credit institutions
Các điểm cốt lõi
- Banks and credit institutions → shall apply the Compulsory Reserve Regulations issued by the State Bank of Vietnam from January 1, 1998.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Improve monetary management, stabilize macroeconomic conditions.
- Negative impact: May increase operational costs for banks and credit institutions.
❓ Câu hỏi thường gặp
When does the Compulsory Reserve Regulation take effect?
The Compulsory Reserve Regulation takes effect from January 1, 1998, according to Decision No. 396/1997/QĐ-NHNN1.
What regulations must banks and credit institutions comply with?
Banks and credit institutions must implement the Compulsory Reserve Regulations issued by the State Bank of Vietnam.
Which previous decision does this decision replace?
Decision No. 396/1997/QĐ-NHNN1 replaces Decision No. 260/QĐ-NH1 dated September 19, 1995, of the Governor of the State Bank of Vietnam.
When does this decision come into effect?
This decision comes into force from January 1, 1998.
What responsibilities do banks and credit institutions have?
The Director of the Governor's Office, the Inspector General, the Heads of units under the Central State Bank of Vietnam, the Governors of the State Bank of Vietnam Branches in Provinces and Cities, and the General Managers (Directors) of banks and credit institutions are responsible for implementing this Decision.
Toàn văn
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STATE BANK OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 396/1997/QĐ-NHNN1 |
Hanoi, December 1, 1997 |
Pursuant to …;
Regarding the issuance of the "Regulation on Compulsory Reserves for Banks and Credit Organizations"
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on Government Organization dated September 30, 1992;
Pursuant to the Ordinance on the State Bank and the Ordinance on Banks, Credit Cooperatives, and Financial Companies promulgated by Decree No. 37/LCT-HĐNN8 and Decree No. 38/LCT-HĐNN8 dated May 24, 1990 of the Chairman of the State Council of the Socialist Republic of Vietnam;
Pursuant to the Government Decree No. 15/CP dated March 2, 1993 on the tasks, powers, and responsibilities of state management of ministries and ministerial-level agencies;
At the proposal of the Director of the Economic Research Department,
Pursuant to …;
Article 1. The attached "Regulation on Compulsory Reserves for Banks and Credit Organizations" is hereby issued.
Article 2. This Decision replaces Decision No. 260/QĐ-NH1 dated September 19, 1995 of the Governor of the State Bank and shall take effect from January 1, 1998. Any previous provisions contrary to this Decision shall cease to be effective.
Article 3. The Chief of the Governor's Office, the Inspector General, Heads of Units under the Central State Bank, Branch Governors of the State Bank in Provinces and Cities, General Directors (Directors) of Banks and Credit Organizations are responsible for implementing this Decision./.
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DIRECTOR (Signed) Lê Đức Thuý |
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