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 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 ministrial 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 June, 2003 and replace the Decision No. 393/2003/QD-NHNN dated 28 April, 2003 on the base interest rate in Vietnam Dong of the Governor of the State Bank.

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FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Phung Khac Ke