Tiếng Việt- 1 Decision No. 581/2003/QD-NHNN of June 09, 2003, on the issuance of the regulation on reserve requirement of credit institutions
- 2 Decision No. 1130/2005/QD-NHNN of August 1, 2005, on the amendment, supplement of several articles of the regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 9 June 2003 of the Governor of the State Bank
- 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
- 1 Decision No. 2560/QD-NHNN of November 3, 2008, on the adjustment of required reserve applicable to credit institutions
- 2 Circular No. 27/2011/TT-NHNN of August 31, 2011, on the amendment, supplement several articles of the regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 09 June 2003 of the Governor of the State Bank
| STATE BANK OF VIETNAM | SOCIALIST REPUBLIC OF VIET NAM |
| No. 187/QD-NHNN | Hanoi, 16 January 2008 |
DECISION
ON THE ADJUSTMENT OF REQUIRED RESERVE APPLICABLE TO CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam issued in 1997 and 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 the Credit Institutions issued in 1997 and the Law on amendment, supplement of several articles of the Law on the 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 the Monetary Policy Department,
DECIDES:
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Article 2. Required reserve ratios applicable to Vietnamese Dong Deposit of credit institutions shall be as follows:
1. Required reserve ratios applicable to demand VND deposit and VND deposit with the term of less than 12 months shall be as follows:
a. For State owned commercial banks (Bank for agriculture and rural development excluded), urban commercial joint stock banks, joint venture banks, foreign banks’ branches, finance companies, the ratio shall be 11% over the total deposit balances subject to required reserve.
b. For the Bank for agriculture and rural development, the ratio shall be 8% over the total deposit balances subject to required reserve.
c. For rural commercial joint stock banks, Central people’s credit Fund, cooperative banks, the ratio shall be 4% over the total deposit balances subject to required reserve.
2. The required reserve ratios applicable to VND deposit with the term of 12 months and more shall be as follows:
a. For State owned commercial banks (Bank for agriculture and rural development excluded), urban commercial joint stock banks, joint venture banks, foreign banks’ branches, finance companies, finance leasing companies, the ratio shall be 5% over the total deposit balances subject to required reserve.
b. For the Bank for agriculture and rural development, rural commercial joint stock banks, Central people’s credit Fund, cooperative banks, the ratio shall be 4% over the total deposit balances subject to required reserve.
Article 3. Required reserve ratios applicable to foreign currency deposit of credit institutions shall be as follows:
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a. For State owned commercial banks (Bank for agriculture and rural development excluded), urban commercial joint stock banks, joint venture banks, foreign banks’ branches, finance companies, the ratio shall be 11% over the total deposit balances subject to required reserve.
b. For the Bank for agriculture and rural development, rural commercial joint stock banks, Central people’s credit Fund, cooperative banks, the ratio shall be 10% over the total deposit balances subject to required reserve.
2. The required reserve ratios applicable to foreign currency deposit with the term of 12 months and more shall be as follows:
a. For State owned commercial banks (Bank for agriculture and rural development excluded), urban commercial joint stock banks, joint venture banks, foreign banks’ branches, finance companies, finance leasing companies, the ratio shall be 5% over the total deposit balances subject to required reserve.
b. For the Bank for agriculture and rural development, rural commercial joint stock banks, Central people’s credit Fund, cooperative banks, the ratio shall be 4% over the total deposit balances subject to required reserve.
Article 4. To amend report forms on required reserve as follows:
1. To amend Form 1 in the Regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/QD-NHNN dated 9 June 2003 of the Governor of the State Bank like the Form 1 attached to this Decision.
2. To amend Form 3 in the Decision No. 1130/2005/QD-NHNN dated 1 August 2005 of the Governor of the State Bank on the amendment, supplement of several articles of the Regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 9 June 2003 of the Governor of the State Bank like the Form 3 attached to this Decision.
Article 5. This Decision shall be effective for the implementation of the required reserve maintenance period of February 2008 and replace the Decision No. 1141/QD-NHNN dated 28 May 2007 of the State Bank’s Governor. The provisions in the Decision No. 582/2003/QD-NHNN dated 9 June 2003 of the Governor of the State Bank on adjustment of required reserve ratios applicable to credit institutions, which are contrary to this Decision, shall cease their effectiveness.
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THE GOVERNOR OF THE STATE BANK OF VIETNAM
Nguyen Van Giau
FORM 1
Credit institution shall submit to the Operation Department of the State Bank, State Bank’s branches in provinces, cities where its head office is located
Name of Credit institution
Address
REPORT
ON THE AVERAGE BALANCE OF MOBILIZED DEPOSITS WHICH ARE SUBJECT TO REQUIRED RESERVE OF MONTH....YEAR...
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Date
The average balance of mobilized deposits in VND subject to required reserve
The average balance of mobilized deposits in foreign currency subject to required reserve
Demand deposit and deposit with the term of less than 12 months
Deposit with the term of 12 months and more
Demand deposit and deposit with the term of less than 12 months
Deposit with the term of 12 months and more
1
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2
3
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30
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31
The average balance
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................, date...........................
DRAWER
CONTROLLER
HEAD OF UNIT
FORM 3
- The State Bank’s branches in provinces, cities shall send to the Banking Operation Department within the first 7 business days of each month
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Name of unit:
No…..
REPORT
on the cosolidation of the required reserve performane BY credit institution
Month....year......
Unit: VND million; US$, EURO, JPY, GBP thousand
Order
Name of CI
The average balance of mobilized deposits of previous period as the basis for calculating the required reserve
Required reserve to be maintained at the State Bank
Actual reserve in the period
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Summarized results of dealing with the excess and deficit of required reserve
VND
Foreign currency
VND
Foreign currency
VND
Foreign currency
VND
Foreign currency
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From 12 months and more
Under 12 months
From 12 months and more
1
2
3
4
5
6
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8
9
10
11
12
13
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Total
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..........., date.................
Head of unit
- 1 Decision No. 581/2003/QD-NHNN of June 09, 2003, on the issuance of the regulation on reserve requirement of credit institutions
- 2 Decision No. 1130/2005/QD-NHNN of August 1, 2005, on the amendment, supplement of several articles of the regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 9 June 2003 of the Governor of the State Bank
- 3 Circular No. 27/2011/TT-NHNN of August 31, 2011, on the amendment, supplement several articles of the regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 09 June 2003 of the Governor of the State Bank
- 4 Circular No. 27/2011/TT-NHNN of August 31, 2011, on the amendment, supplement several articles of the regulation on required reserve applicable to credit institutions issued in conjunction with the Decision No. 581/2003/QD-NHNN dated 09 June 2003 of the Governor of the State Bank