DECISION

PRESCRIBING INTEREST RATES OF DEPOSITS IN VIETNAMESE DONG MADE BY VIETNAM DEVELOPMENT BANK, VIETNAM BANK FOR SOCIAL POLICIES, PEOPLE’S CREDIT FUNDS AND MICROFINANCE INSTITUTIONS AT THE STATE BANK OF VIETNAM

THE GOVERNOR OF THE STATE BANK OF VIETNAM

- Pursuant to the Law on State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;

- Pursuant to the Law on Credit Institutions No. 47/2010/QH12 dated June 16, 2010 and the Law No. 17/2017/QH14 dated November 20, 2017 providing amendments to the Law on Credit Institutions;

- Pursuant to the Government's Decree No. 102/2022/ND-CP dated December 12, 2022 prescribing functions, tasks, powers and organizational structure of the State Bank of Vietnam;

- At the request of the Director of the Monetary Policy Department; 

HEREBY DECIDES

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1. The interest rate of deposits made by Vietnam Development Bank: 0,5%/year.

2. The interest rate of deposits made by Vietnam Bank for Social Policies: 0,5%/year.

3. The interest rate of deposits made by people’s credit funds: 0,5%/year.

4. The interest rate of deposits made by microfinance institutions: 0,5%/year.

Article 2. This Decision comes into force from April 03, 2023 and supersedes the Decision No. 1350/QD-NHNN dated August 06, 2020 of the Governor of the State Bank of Vietnam prescribing interest rates of deposits in Vietnamese Dong made by Vietnam Development Bank, Vietnam Bank for Social Policies, people’s credit funds and microfinance institutions at the State Bank of Vietnam.

Article 3. The Chief of Office, the Director of the Monetary Policy Department, Heads of units affiliated to the State Bank of Vietnam, Vietnam Development Bank, Vietnam Bank for Social Policies, people’s credit funds and microfinance institutions are responsible for the implementation of this Decision./.

PP. GOVERNOR
DEPUTY GOVERNOR




Pham Thanh Ha

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