Tiếng Việt- 1 Law No. 20/2004/QH11 of June 15, 2004 amending and supplementing a number of articles of The Law on credit institutions
- 2 Law No. 10/2003/QH11 of June 17, 2003, amending and supplementing a number of articles of the Vietnam State Bank Law
- 3 Decree No. 52/2003/ND-CP of May 19, 2003, prescribing the functions, tasks, powers and organizational structure of Vietnam State Bank
- 4 Law No. 06/1997/QH10 of December 12, 1997 on The State Bank of Vietnam
- 5 Law No. 07/1997/QH10 of December 12, 1997 on credit institutions
| THE STATE BANK OF VIETNAM | SOCIALIST REPUBLIC OF VIETNAM |
| No. 07/2007/QD-NHNN | Hanoi, February 6, 2007 |
DECISION
ON INTEREST RATE APPLICABLE TO US$ DEPOSIT OF LEGAL ENTITIES AT CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on amendment, supplement of several articles of the Law on the State Bank of Vietnam issued in 2003;
- Pursuant to the Law on Credit Institutions issued in 1997; the Law on amendment, supplement of several articles of the Law on Credit Institutions issued in 2004;
- Pursuant to the Decree No. 52/2003/ND-CP dated 19 May 2003 of the Government providing for the function, assignment, authority and organizational structure of the State Bank of Vietnam;
- Upon the proposal of the Director of Monetary Policy Department,
DECIDES:
Article 1. Credit Institutions shall determine the interest rate applicable to US$ deposit of legal entities under the agreement mechanism in line with the demand for business capital, capital supply and demand in the domestic market and interest rate of international market.
The legal entities mentioned in this Article shall include economic organizations, state agencies, people armed forces; political organizations, socio-political organizations; political, socio-vocational organizations, social organizations, socio-vocational organizations; social funds, charity funds; other organizations which fully satisfy the conditions provided for in Article 84 of the Civil Code.
Article 2.
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2. The adjustment of interest rate applicable to US$ deposit balance of legal entities at the effective time of this Decision shall be considered and agreed upon by credit institutions and the legal entities.
Article 3. The Director of the Administrative Department, Director of the Monetary Policy Department, Heads of units of the State Bank of Vietnam, General Managers of the State Banks branches in provinces and cities under the central Governments management; Chairperson of the Board of Directors and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.
FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR
Nguyen Dong Tien
- 1 Circular No. 03/2010/TT-NHNN of February 10, 2010, on the maximum interest rate for economic organizations'' US dollar deposits at credit institutions
- 2 Circular No. 03/2010/TT-NHNN of February 10, 2010, on the maximum interest rate for economic organizations'' US dollar deposits at credit institutions
- 1 Decision No. 1938/QD-NHNN dated September 25, 2015, on maximum deposit interest rates in USD dollars applied to organizations and individuals at credit institutions and foreign bank branches prescribed in Circular No. 06/2014/TT-NHNN
- 2 Law No. 06/1997/QH10 of December 12, 1997 on The State Bank of Vietnam
- 3 Law No. 07/1997/QH10 of December 12, 1997 on credit institutions
- 1 Decision No. 1938/QD-NHNN dated September 25, 2015, on maximum deposit interest rates in USD dollars applied to organizations and individuals at credit institutions and foreign bank branches prescribed in Circular No. 06/2014/TT-NHNN
- 2 Decision No. 1247/2005/QD-NHNN of August 26, 2005, on the adjustment of the maximum interest rate of US$ deposits of legal entities at credit institutions