Quyết định 16/2008/QD-NHNN

Decision No. 16/2008/QD-NHNN of May 16, 2008, on management mechanism of base interest rates in VND.

Nội dung toàn văn Decision No. 16/2008/QD-NHNN of May 16, 2008, on management mechanism of base interest rates in VND.


THE STATE BANKOF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom – Happiness
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No. 16/2008/QD-NHNN

Hanoi, May 16, 2008

DECISION

ON MANAGEMENT MECHANISM OF BASE INTEREST RATES IN VND

THE GOVERNOR OF THE STATE BANK

-  Pursuant to the Law on the State Bank of Vietnam in 1997; the Law on amendment, supplement of several articles of the Law on State Bank of Vietnam in 2003;
- Pursuant to the Law on the Credit Institutions in 1997; the Law on amendment, supplement of several articles of the Law on Credit Institutions in 2004;
- Pursuant to the Civil Code in 2005;
- Pursuant to the Decree No. 52/2003/ND-CP dated 19 May 2003 of the Government providing for functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Pursuant to the direction of the Prime Minister stated in the Dispatch No. 3168/VPCP-KTTH dated 16 May 2008 on the management mechanism of base interest rates;
- Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. To provide for the management of base interest rate in Vietnamese Dong to make basis for the determination of business interest rates by credit institutions as follows:

1. Credit institutions shall determine the business interest rate (mobilization interest rate, lending interest rate) in Vietnamese Dong applicable to customers not in excess of 150% of the base interest rate announced by State Bank of Vietnam for application from time to time.

2. On a monthly basis, the State Bank of Vietnam shall announce the base interest rate. In case of necessity, the State Bank of Vietnam shall timely announce the adjustment of base interest rates.

Article 2. This Decision shall be effective since 19 May 2008. The Decision No. 546/2002/QD-NHNN dated 30 May 2002 on the implementation of the mechanism of negotiable interest rates in VND commercial credit activities of credit institutions for customers shall cease its effectiveness.

Article 3. Director of Administrative Department, Director of Monetary Policy Department and Heads of units of the State Bank, General Manager of State Bank branches in provinces, cities under central Government’s 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

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Loại văn bảnQuyết định
Số hiệu16/2008/QD-NHNN
Cơ quan ban hành
Người ký
Ngày ban hành16/05/2008
Ngày hiệu lực19/05/2008
Ngày công báo...
Số công báo
Lĩnh vựcTiền tệ - Ngân hàng
Tình trạng hiệu lựcHết hiệu lực 20/10/2012
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          Decision No. 16/2008/QD-NHNN of May 16, 2008, on management mechanism of base interest rates in VND.
          Loại văn bảnQuyết định
          Số hiệu16/2008/QD-NHNN
          Cơ quan ban hànhNgân hàng Nhà nước
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          Ngày hiệu lực19/05/2008
          Ngày công báo...
          Số công báo
          Lĩnh vựcTiền tệ - Ngân hàng
          Tình trạng hiệu lựcHết hiệu lực 20/10/2012
          Cập nhật17 năm trước

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