List of Vietnam Law
Decision No.: 574/QD-NHNN dated March 31, 2023 of the State Bank of Vietnam refinancing interest rate, re-discount interest rate, interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit institutions and foreign bank branches
Date: 3/31/2023
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THE STATE BANK OF VIETNAM
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THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness ----------- |
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No.: 574/QD-NHNN
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Hanoi, March 31, 2023
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DECISION
REFINANCING INTEREST RATE, RE-DISCOUNT INTEREST RATE, INTEREST RATE ON OVERNIGHT LOANS IN INTERBANK ELECTRONIC PAYMENT AND LOANS FOR MAKING UP FUND DEFICITS IN CLEARING PAYMENT GIVEN BY THE STATE BANK OF VIETNAM TO CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES
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 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:
Article 1. The following interest rates are adopted by the State Bank of Vietnam, including:
1. Refinancing interest rate: 5,5%/year.
2. Re-discount interest rate: 3,5%/year.
3. Interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit Institutions and foreign bank branches: 6,0%/year.
Article 2. This Decision comes into force from April 03, 2023 and supersedes the Decision No. 313/QD-NHNN dated March 14, 2023 of the Governor of the State Bank of Vietnam prescribing refinancing interest rate, re-discount interest rate, interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit institutions and foreign bank branches.
Article 3. The Chief of Office, the Director of the Monetary Policy Department, heads of units affiliated to the State Bank of Vietnam, credit institutions and foreign bank branches are responsible for the implementation of this Decision./.
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PP. GOVERNOR
DEPUTY GOVERNOR (Signed and sealed) Pham Thanh Ha (This translation is for reference only)
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