LAW ON DEPOSIT INSURANCE TO BE AMENDED

Amendment of the Law on Deposit Insurance will contribute to maintaining the stability and sustainable development of the credit institution system. Photo vneconomy.vn

HÀ NỘI — The State Bank of Vietnam (SBV) has recently submitted to the Government a proposal to amend the Law on Deposit Insurance.

According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV), ensure the deposit insurance policy to be implemented effectively, and better protect the legitimate rights and interests of depositors.

The SBV expects the changes will contribute to maintaining the stability and sustainable development of the credit institution system.

Under the proposal, the SBV proposes to expand investment forms of deposit insurance organisations in the direction of expanding investment forms. Specifically, the SBV proposes to allow the DIV to buy long-term bonds of credit institutions that receive compulsory transfers.

According to the current regulations, the DIV is allowed to use temporarily idle capital to buy government bonds and SBV’s bills, as well as deposit money at the SBV, to ensure capital safety.

The SBV’s data shows 99 per cent of the total temporarily idle capital of the DIV is currently invested in government bonds as yield of the government bonds is higher than interest rates of SBV’s bills and SBV’s deposits.

However, investment in government bonds has been difficult in recent years and revenue from government bonds has decreased due to low interest rates. This has greatly affected the revenue of the DIV. According to data provided by the DIV, its profitability of idle capital has decreased gradually, from 9.41 per cent in 2013 to only 3.82 per cent in 2023.

Under the SBV’s proposals, the DIV can also participate in developing plans and proposing deposit insurance payment limits for people's credit funds and other credit institutions.

The SBV also proposes regulations to limit risks in investment activities of the DIV. Accordingly, there must be regulations on the responsibilities of the DIV in carrying out investment activities and making provisions for risk for investments according to the Government's instructions. Besides, the Government must stipulate criteria for investment portfolio, investment structure and investment methods of the DIV.

According to the Law on Credit Institutions 2024, the Vietnam Deposit Insurance is assigned a number of new tasks, including the role of participating in restructuring weak credit institutions.

Specifically, the DIV can provide special loans to specially controlled commercial banks according to the SBV’s decision. — VNS

Source: VNS

Related News

VIETNAM ECONOMY INVESTMENT

VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY

Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.

Feb 09, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Feb 09, 2026

MEMBER CORNER / PROMOTIONS

PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES

On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.

Feb 09, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH

International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.

Feb 09, 2026

PROPERTY / INDUSTRIAL ZONE

HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS

HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.

Feb 09, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY

Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.

Feb 09, 2026