Under the decision, the required reserve rate for demand deposits and under 12-month time deposits in foreign currencies applied to state-owned banks, joint stock commercial banks, foreign banks, joint-ventured banks and branches of foreign banks in Vietnam will be equivalent to four percent of total credit deposits but only three percent for the Bank of Agriculture and Rural Development, the Central Credit Fund and cooperative banks.

The required reserve rate for long-term deposits in foreign currencies with terms of 12 months and above applied to state-owned commercial banks, joint stock commercial banks, foreign banks, joint-ventured banks, and branches of foreign banks in Vietnam, financial companies and financial leasing companies will be two percent, and one percent for the Bank of Agriculture and Rural Development, the Central Credit Fund and cooperative banks.