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THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom Happiness
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No. 1127/QD-NHNN

Hanoi, September 29, 2003

 

DECISION

ON THE BASE INTEREST RATE IN VIETNAM DONG

THE GOVERNOR OF THE STATE BANK

- Pursuant to the Law on the State Bank of Vietnam and the Law on the Credit Institutions dated 12 December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the Government on the function, assignment, authority and organizational structure of the ministries and ministerial level agencies;
- Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. To announce the base interest rate in Vietnam Dong to be of 0.625% per month (7.50% per year)

Article 2.

1. This Decision shall be effective from 01 October, 2003 and replace the Decision No. 1012/2003/QD-NHNN dated 29 August, 2003 of the Governor of the State Bank of Vietnam on the base interest rate in Vietnam Dong.

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FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Phung Khac Ke