Vietnamese Law On Compulsory Reserve

Compulsory reserve is the amount of money that a credit institution must deposit at the State Bank for each type of deposit with different terms. So, what is Vietnam's legal regulation on compulsory reserve?

Article 10 of the Law on the State Bank of Vietnam 2010 stipulates that compulsory reserve is one of the monetary policy tools that the State Bank of Vietnam can implement, along with refunding policy, adjustments of interest rate, open market operations and other tools and measures.

Clause 1, Article 14 of the Law on State Bank of Vietnam 2010 stipulates that the compulsory reserve is the amount of money that a credit institution must deposit at the State Bank to implement the national monetary policy.