• Effective: Effective
  • Effective Date: 01/01/2005
THE STATE BANK
Number: 1160/2004/QĐ-NHNN
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Ha Noi , September 13, 2004
DECISION No

DECISION No. 1160/2004/QD-NHNN of September 13, 2004 promulgating the Regulation on savings

The Regulation on savings governs activities of receiving and paying Vietnam-dong and foreign-currency savings on the Vietnamese territory between the savings-receiving organizations and depositors.

Savings-receiving organizations include credit institutions set up and operating under the Credit Institution Law and other organizations engaged in banking activities that are licensed by law to receive savings.

Vietnam-dong savings depositors include Vietnamese and foreign individuals lawfully residing and operating in Vietnam, while foreign-currency savings depositors are individual residents.

This Decision takes effect as from January 1, 2005.- (Summary)

Thống đốc

(Signed)

 

Le Duc Thuy

 

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