DECISION

ON THE DISCOUNT INTEREST RATE OF THE STATE BANK FOR CREDIT INSTITUTIONS

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;
Pursuant to the Decision No. 356/1999/QD-NHNN14 of the Governor of the State Bank on the issuance of the Regulation on the discount, rediscount operation of the State Bank with Credit Institutions;
Upon the proposal of the Director of the Monetary Policy Department,

DECIDES

Article 1. To determine the discount interest rate of the State Bank for Credit Institutions at 0.45% per month.

Article 2. This Decision shall be effective from the date of signing.

Article 3. The Director of the Administration Department, Directors of Departments in the State Bank of Vietnam, General Managers of the State Bank branches in provinces and cities, Chairpersons of the Board of Directors and Directors General (Directors) of credit institutions shall be responsible for the implementation of this Decision.