THE STATE BANK OF VIETNAM | SOCIALIST REPUBLIC OF VIETNAM |
No. 831/2003/QD-NHNN | Hanoi, July 30, 2003 |
DECISION
ON THE ADJUSTMENT OF THE REQUIRED RESERVE RATIOS IN VIETNAM DONG OF CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam and the Law on the Credit Institutions dated 12 December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the Government on the functions, assignments, authorities and organizational structure of the ministries and ministerial-level agencies;
- Upon the proposal of the Director of the Monetary Policy Department,
DECIDES:
Article 1. To adjust the required reserve ratio for demand deposits and deposits with term of less than 12 months as follows:
1. For State-owned commercial banks (except for the Agricultural and Rural Development Banks), urban joint-stock commercial banks, joint-venture banks, foreign bank branches, finance companies, the required reserve ratio shall be 2% of the total balance of required reserve deposits.
b. For the Agricultural and Rural Development Bank, the required reserve ratio shall be 1.5% of the total balance of required reserve deposits.
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Article 3. The Director of the Administration Department, the Chief Inspector of the State Bank, the Director of Monetary Policy Department, the Director of the Finance and Accounting Department, Heads of units of the State Bank, General Managers of State Bank branches in provinces, cities, 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
- 1Decision No. 581/2003/QD-NHNN of June 09, 2003, on the issuance of the regulation on reserve requirement of credit institutions
- 2Decision No. 582/2003/QD-NHNN of June 09, 2003, adjusting compulsory reserve for credit institutions
- 3Decree of Government No.86/2002/ND-CP of prescribing the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies
- 4Decree of Government No.86/2002/ND-CP of prescribing the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies
- 5Law No. 06/1997/QH10 of December 12, 1997 on The State Bank of Vietnam
- 6Law No. 07/1997/QH10 of December 12, 1997 on credit institutions
Decision No. 831/2003/QD-NHNN of July 30, 2003, on the adjustment of the required reserve ratios in Vietnam dong of credit institutions
- Số hiệu: 831/2003/QD-NHNN
- Loại văn bản: Quyết định
- Ngày ban hành: 30/07/2003
- Nơi ban hành: Ngân hàng Nhà nước
- Người ký: Phùng Khắc Kế
- Ngày công báo: Đang cập nhật
- Số công báo: Đang cập nhật
- Ngày hiệu lực: 01/08/2003
- Ngày hết hiệu lực: 01/07/2004
- Tình trạng hiệu lực: Hết hiệu lực