STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence-freedom-happiness
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No. 242 CV-NHNN1
Punishment on violation of interest payment maturity

Hanoi, March 25, 1999

 

To:

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- Upon proposal of some commercial banks, the State Bank of Vietnam provides guidance on the punishment for violation of the interest payment maturity by the customers as follows:

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- The fine shall be equal to the level of punishment (%) as agreed in the credit contract multiplied by the defaulted interest due.

 

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FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR





Tran Minh Tuan

 

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