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DECISION No. 393/2003/QD-NHNN OF APRIL 28, 2003 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. 2. The heads of the units under the State Bank, the directors of the State Bank's branches in the provinces and centrally-run cities, the Managing Boards and general directors (directors) of credit institutions shall have to implement this Decision. For the State Bank Governor |
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