{"id":5563,"date":"2018-06-09T03:45:54","date_gmt":"2018-06-09T03:45:54","guid":{"rendered":"https:\/\/bizlawyer.vn?p=5563"},"modified":"2018-06-09T03:45:54","modified_gmt":"2018-06-09T03:45:54","slug":"mandatory-reserve-ratio-applicable-to-credit-institutions-and-branches-of-foreign-banks","status":"publish","type":"post","link":"https:\/\/bizlawyer.vn\/zh-hans\/mandatory-reserve-ratio-applicable-to-credit-institutions-and-branches-of-foreign-banks","title":{"rendered":"Mandatory reserve ratio applicable to credit institutions and branches of foreign banks"},"content":{"rendered":"

On May 29, 2018, the State Bank of Vietnam issued Decision No.1158\/QD-NHNN on mandatory reserve ratio applicable to credit institutions and branches of foreign banks. This Decision took effect since the maintenance period for the mandatory reserves in June 2018.<\/p>\n

Accordingly, Decision No.1158\/QD-NHNN regulates on mandatory reserve ratio applicable to credit institutions and branches of foreign banks as follows:<\/p>\n

    \n
  1. People’s credit funds and microfinance institutions: The mandatory reserve ratio for Vietnam dong deposits and deposits in foreign currency is 0%;<\/li>\n
  2. Policy Bank: Mandatory Reservation Level According to Government Provisions.<\/li>\n
  3. Vietnam Agricultural and Rural Development Bank and Co-operative Bank apply mandatory reservation quotas corresponding to each type and deposits are as follows:<\/li>\n<\/ol>\n

    –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Demand payment in Vietnam dong and maturity of 12 months is 3% of total deposit balances subject to mandatory reserve;<\/p>\n

    –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 VND deposits with a maturity of 12 months and over are 1% of the total deposit balances covered by mandatory reserve;<\/p>\n

    –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deposits in foreign currencies of credit institutions abroad are 1% of the total deposit balances covered by mandatory reserve;<\/p>\n

    –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deposits in foreign currency subject to other mandatory reserves than demand deposits and less than twelve months shall represent 7% of the total deposit balances covered by mandatory reserve;<\/p>\n

    –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deposits in foreign currency subject to mandatory reserves for other terms of 12 months or more shall be equal to 5% of the total deposit balances covered by mandatory reserve calculation.<\/p>\n

      \n
    1. Other Credit institutions shall apply the mandatory reserve ratio corresponding to each type of deposit as follows:<\/li>\n<\/ol>\n

      –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To submit Vietnam dong for demand deposits and on terms less than 12 months shall be 3% of the total deposit balances covered by mandatory reserve calculation;<\/p>\n

      –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 VND deposits with a maturity of 12 months and over are 1% of the total deposit balances covered by mandatory reserve;<\/p>\n

      –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deposits in foreign currencies of credit institutions abroad are 1% of the total deposit balances covered by mandatory reserve;<\/p>\n

      –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For deposits in foreign currency, the mandatory reserve for demand payments and maturities of less than 12 months shall be 8% of the total deposit balances covered by mandatory reserve;<\/p>\n

      –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deposits in foreign currency subject to mandatory reserves with another maturity of 12 months or more shall correspond to 6% of the total deposit balances covered by mandatory reserves.<\/p>\n

      Therefore, as compared with the previous documents, Decision No.1158\/QD-NHNN has adjusted to increase the mandatory reserves for credit institutions to ensure credit security, risk management better in the financial market.<\/p>\n","protected":false},"excerpt":{"rendered":"

      On May 29, 2018, the State Bank of Vietnam issued Decis […]<\/p>\n","protected":false},"author":6,"featured_media":5562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-5563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-16"],"_links":{"self":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/5563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/comments?post=5563"}],"version-history":[{"count":0,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/5563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media\/5562"}],"wp:attachment":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media?parent=5563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/categories?post=5563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/tags?post=5563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}