Decision No. 397/1999/QD-NHNN on the discount rate of the State Bank for credit institutions

Pursuant to …;

Regarding the discount rate of the State Bank concerning credit organizations

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank No. 01/1997/QH10 dated December 12, 1997;

Pursuant to the Government Decree No. 15/CP dated March 2, 1993 on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;

Pursuant to Decision No. 356/1999/QD-NHNN14 dated October 6, 1999 of the Governor of the State Bank on the issuance of the Circular on the discount and rediscount operations of the State Bank for credit institutions;

At the proposal of the Head of the Monetary Policy Department.

Pursuant to …;

Article 1. The discount rate of the State Bank for credit institutions is hereby set at 0.45% per month.

Article 2. This Decision takes effect from the date of signature.

Article 3. The Director of the Office of the State Bank, Heads of units under the State Bank of Vietnam, Governors of State Bank Branches in provinces and cities, Chairmen of Management Boards and General Directors (Directors) of credit institutions are responsible for implementing this decision./.