FROM MARCH 17, 2020, TO AMEND THE INTEREST OF DEPOSIT OF REQUIRED RESERVES IN THE STATE BANK OF VIETNAM
The Governor of the State Bank of Vietnam issues the Decision No. 421/QD-NHNN on interest of deposit of required reserves and deposit of required reserves extension of credit institutions, foreign bank
branches in the State Bank of Vietnam on March 16, 2020.
To be specific, the interest of deposit of required reserves and deposit of required reserves extension of credit institutions, foreign bank branches in the State Bank of Vietnam shall be stipulated as follow:
Firstly, for deposit of required reserves in Vietnam dong: 1.0% per annum.
Secondly, for deposit of required reserves in foreign currency: 0% per annum.
Thirdly, for deposit of required reserves extension in Vietnam dong: 0% per annum.
Fourthly, for deposit of required reserves extension in foreign currency: 0.05% per annum.
This Decision takes effect on March 17, 2020.
