Quyết định 839/2001/QD-NHNN

DECISION

ON THE ADJUSTMENT OF THE REFINANCING INTEREST RATE OF THE STATE BANK FOR CREDIT INSTITUTIONS BEING BANKS

THE GOVERNOR OF THE STATE BANK

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997;
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministerial-level agencies;
Upon the proposal of the Director of the Monetary Policy Department,

DECIDES

Article 1. To adjust the refinancing interest rate of the State Bank for banks to 0.4% per month.

Article 2. This Decision shall be effective from 1 July, 2001 and supercede Decision No. 243/2001/QD-NHNN dated 29 March, 2001 of the Governor of the State Bank on the adjustment of the refinancing interest rate of the State Bank for credit institutions.

Article 3. Outstanding loans from the refinancing facility of banks due to the State Bank as of 30 June, 2001 shall be subject to the interest rate stated in the credit contract and shall not be adjusted to the interest rate provided for in the Article 1.

Article 4. The Head of the Administration Department, Directors of Departments in the State Bank of Vietnam, General Managers of the State Bank branches in provinces and cities, Chairman of the Board of Directors and General Directors (Directors) of banks shall be responsible for the implementation of this Decision.