The National Assembly has passed the Deposit Insurance Law. This Law takes effect from May 1, 2026.
This law stipulates the rights and obligations of organizations participating in deposit insurance.
That is, being granted a Certificate of Deposit Insurance Participation; publicizing participation in deposit insurance; calculating and paying deposit insurance premiums fully and on time.
At the same time, it is required to request deposit insurance organizations to pay insurance money to depositors when insurance payment obligations arise.
Having the right to complain, denounce, and sue agencies, organizations, and individuals related to deposit insurance; providing information about insured deposits, other information related to insurance payments periodically or at the request of deposit insurance organizations, information related to serving the implementation of inspection by deposit insurance organizations according to the provisions of this Law for deposit insurance organizations.
Coordinate with deposit insurance organizations to propagate policies and laws on deposit insurance; other rights and obligations according to the provisions of this Law and other relevant legal regulations.
This Law also develops a deposit insurance development strategy for the State Bank of Vietnam to submit to the Prime Minister for approval and implementation.
At the same time, propose to competent state management agencies to issue new or amend, supplement, replace, abolish, or suspend the implementation of legal documents related to deposit insurance activities.
Under the inspection, examination, and supervision of the State Bank of Vietnam and competent state agencies in accordance with the provisions of this Law and other relevant legal regulations.
Calculate and collect deposit insurance premiums for organizations participating in deposit insurance according to the provisions of this Law; manage, use and preserve capital when carrying out investment activities, except for some objective and force majeure reasons affecting capital and income according to regulations on the financial regime of deposit insurance organizations.
Capital preservation is assessed based on the overall efficiency of the deposit insurance organization; paying insurance money to depositors according to the provisions of this Law and other relevant legal regulations.
