SUBJECT: BANKING AND FINANCE

ISSUING-DEPT: GOVERNOR OF THE STATE BANK OF VIETNAM

ISSUE-DATE: 09/16/1994

IMPLEMENT-DATE: 09/16/1994

LENGTH: 428 words

TEXT:

The Governor of the State Bank of Vietnam

Pursuant to the Ordinance on State Bank of Vietnam issued in connection with Order No.37/HDNN8, the ordinance on Banks, Credit Cooperatives and financial Corporations issued in connection with the Order No.38/HDNN8 dated May 24th, 1990 of the President of the State Council of the Socialist Republic of Vietnam.

Pursuant to the Decree No. 15/CP dated March 2nd, 1993 of the Government stipulating the task, powers and responsibilities for the State management of the Ministries and Ministerial-ranking bodies.

On the proposal of the Director of the Credit Department for economic studies.

DECIDED

Article 1 :

To promulgate in connection with this Decision The Regulation on Short - term credits for economic organizations.

Article 2 :

The Regulation on short - term credits issued in connection with this Decision are generally applied to State Commercial Banks, Investment and Development Banks. Commercial Stock Banks, Joint - venture Banks. Branches of foreign Banks in Vietnam, Credit Cooperatives, financial Corporations operating in accordance with the ordinance on banks, credit cooperatives and financial corporations.

Article 3 :

This Decision shall come into effect from the signing date and replace: the Regulation on short term credit for economic organizations issued in connection with Decision No.04/QD-NH dated January 8th, 1991 and other documents relating to this Regulation.

Article 4 :

The Chief of Governor's Office, the General Inspector of the State Bank, Heads of the sections belonging to the Central State Bank, the Directors of the provincial and city State Banks, the General Directors (Directors) of State Commercial Banks, Investm ent and Development Banks, Commercial Stocks Banks, financial Corporations, joint venture Banks, the branches of foreign banks in Vietnam and managers of credit cooperatives shall be responsible for the implementation of this decision.

for The State Bank of Vietnam Governor CAO SY KIEM (Signed)