From the beginning of May 2026, the Deposit Insurance Law officially takes effect. This Law consists of 8 Chapters and 41 Articles regulating deposit insurance (DSI) activities; rights and obligations of depositors, DSI participating organizations, DSI organizations and state management of DSI.
Notably, this law dedicates a separate section to regulate deposit insurance fees. The Governor of the State Bank of Vietnam stipulates the level of deposit insurance fees, the application of uniform or differentiated deposit insurance fees suitable to the characteristics of the credit institution system in Vietnam in each period.
Specially controlled credit institutions are exempt from paying deposit insurance premiums.
In case the deposit insurance organization borrows specially from the State Bank of Vietnam according to regulations, the deposit insurance organization is allowed to develop a plan to increase deposit insurance fees to compensate for the special loan from the State Bank of Vietnam, which at least includes content on the fee increase period, fee increase level and send it to the State Bank of Vietnam for consideration and decision.
Credit institutions when placed under special control are allowed to temporarily postpone the payment of deposit insurance premiums paid insufficiently or late and late payment amounts (if any) arising before the time the credit institution is placed under special control.
Specially controlled credit institutions are responsible for developing a plan to fully repay the deferred amount in the restructuring plan submitted to competent authorities for approval. Deposit insurance premiums are calculated based on the average deposit balance of insured deposits at the deposit insurance participating organization.
Deposit insurance premiums are calculated and paid periodically quarterly in the financial year. Deposit insurance participating organizations must pay deposit insurance premiums to the deposit insurance organization no later than the 20th of the first month of the following quarter.
Deposit insurance premiums are accounted for in the operating costs of organizations participating in deposit insurance. At the same time, the Governor of the State Bank of Vietnam guides the calculation and payment of deposit insurance premiums.
