DECISION

ON THE REFINANCING INTEREST RATE AND REDISCOUNT INTEREST RATE

THE GOVERNOR OF THE STATE BANK

- Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December 1997; the Law on the amendment, supplement of several Articles of the Law on the State Bank of Vietnam No. 10/2003/QH11 dated 17 June 2003;
- Pursuant to the Decree No. 52/2003/ND-CP dated 19 May 2003 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. To announce the interest rates of the State Bank of Vietnam as follows:

1. Re-financing interest rate to be of 15.0% per annum.

2. Rediscount rate to be of 13.0% per annum.

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Article 3. The Director of the Administrative Department, the Director of the Monetary Policy Department and Heads of units of the State Bank, General Managers of the State Bank branches in provinces, cities under the central Governments management, Board of Directors and General Directors (Directors) of Credit Institutions shall be responsible for the implementation of this Decision.

THE GOVERNOR OF THE STATE BANK OF VIETNAM




Nguyen Van Giau