DECISION

ON THE ANNOUNCEMENT OF THE BASE INTEREST RATE IN VIETNAM DONG

THE GOVERNOR OF THE STATE BANK

Pursuant to the Law on the State Bank of Vietnam and Law on the Credit Institutions dated 12 December, 1997;
Pursuant to the Decree No. 15 CP dated 02 March, 1993 of the Government providing for 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 announce the base interest rate in Vietnam Dong, to be of 0.62% per month (7,44% per year)

Article 2.

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2. Heads of units of the State Bank, General Manager of State Bank branches in provinces, cities, 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
DEPUTY GOVERNOR




Phung Khac Ke