Decision No. 933/2002/QD-NHNN of the Governor of the State Bank announces the basic interest rate in Vietnamese Dong at 0.62% per month (7.44% per year), effective from September 1, 2002, replacing Decision No. 792/2002/QD-NHNN.
Key points
- The Governor of the State Bank → announces the basic interest rate in Vietnamese Dong at 0.62% per month (7.44% per year)
- Heads of units under the State Bank, Governors of State Bank branches in provinces and cities; Boards of Directors and General Managers (Directors) of credit organizations → are responsible for implementing the Decision
🌐 Social impact of this document
- Positive impact: Reducing borrowing costs for individuals and businesses, helping to balance finances.
- Negative impact: May affect the profits of credit organizations.
❓ Frequently asked questions
What is the new basic interest rate?
The newly announced basic interest rate in Vietnamese Dong is 0.62% per month (7.44% per year).
When does this Decision take effect?
This Decision takes effect from September 1, 2002.
Which Decision does the new basic interest rate replace?
This Decision replaces Decision No. 792/2002/QD-NHNN dated July 26, 2002, on the basic interest rate announced by the Governor of the State Bank.
What responsibilities do credit organizations have?
Heads of units under the State Bank, Governors of State Bank branches in provinces and cities; Boards of Directors and General Managers (Directors) of credit organizations are responsible for implementing this Decision.
When does the new basic interest rate take effect?
This Decision takes effect from September 1, 2002.
Full text
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STATE BANK OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 933/2002/QD-NHNN |
Hanoi, August 30, 2002 |
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Announce the basic interest rate in Vietnamese Dong
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;
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 proposal of the Director of the Monetary Policy Department,
Pursuant to …;
Article 1. Now announce the level of the basic interest rate in Vietnamese Dong at 0.62% per month (7.44% per year).
Article 2.
1. This Decision takes effect from September 1, 2002, and replaces Decision No. 792/2002/QD-NHNN dated July 26, 2002, concerning the basic interest rate set by the Governor of the State Bank of Vietnam.
2. Heads of units under the State Bank of Vietnam, Governors of provincial and municipal 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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DEPUTY DIRECTOR (Signed) PHUNG KHAC KE |
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