DECISION

ON VIETNAM DONG BASE INTEREST RATE

THE STATE BANK GOVERNOR

Pursuant to the Vietnam State Bank Law and the Credit Institution Law of December 12, 1997;
Pursuant to the Government's Decree No. 86/2002/ND-CP of November 5, 2002 prescribing the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies;
At the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1.- To announce Vietnam dong base interest rate, which is 0.625%/month (or 7.50%/year).

Article 2.-

1. This Decision takes implementation effect as from May 1, 2003 and replaces the State Bank Governor's Decision No. 285/2003/QD-NHNN of March 31, 2003 on Vietnam dong base interest rate.

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FOR THE STATE BANK GOVERNOR
DEPUTY GOVERNOR




Phung Khac Ke