Circular No. 19/2012/TT-NHNN dated June 08, 2012 of the State Bank of Vietnam amending, supplementing some articles of the Circular No. 30/2011/TT-NHNN dated September 28, 2011...
Article 1. Amending, supplementing some articles of the Circular No. 30/2011/TT-NHNN dated September 28, 2011 of the State Bank of
“Article 1. Credit institutions shall fix annual interest rates, for mobilizing Vietnam-dong capital from institutions (other than credit institutions) and individuals including also sales promotion amounts in any form as follows:
1. Apply ceiling interest rate of 2%/year to non-term deposits and term deposits under 01 month.
2. Apply ceiling interest rate of 9%/year for term deposits from 01 month and above; particularly, grassroots People’s Credit Funds may fix those annual interest rates not exceeding 9.5%.
3. Interest rate of term deposits from 12 months upwards is fixed by credit institutions and foreign banks basing on market capital supply and demand.
4. Deposits include forms of non-term deposits, term deposit, saving deposits, deposit certificates, promissory notes, bills and bonds and other forms of receiving deposits of institutions (other than credit institutions) and individuals in accordance with regulations at clause 13, Article 4 of the Law on Credit Institutions.”
Article 2. Organization of implementation
1. This Circular takes effect on June 11, 2012 and replaces the Circular and replaces the Circular No. 17/2012/TT-NHNN dated May 25, 2012 of the State Bank of Vietnam amending, supplementing some Articles of the Circular No. 30/2011/TT-NHNN dated September 28, 2011 prescribing the ceiling interest rate for Vietnam-dong capital mobilizations of institutions, individuals at some credit institutions, foreign bank’s branches...
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Decision No. 1623/QD-NHNN dated August 23, 2012 of the Ministry of Finance on the gold bar production organization and management of the State Bank of Vietnam
Circular No. 24/2012/TT-NHNN dated August 23, 2012 of the State Bank of Vietnam on amending and supplementing article 1 of the Circular No.11/2011/TT-NHNN, of April 29, 2011
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