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THE NATIONAL ASSEMBLY OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
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Law No. 111/2025/QH15 |
Hanoi, December 10, 2025 |
Pursuant to the Constitution 2013 of the Socialist Republic of Viet Nam as amended and supplemented by Resolution No. 203/2025/QH15;
The National Assembly promulgates the Law on Deposit Insurance.
This Law provides for deposit insurance activities; rights and obligations of insured depositors, deposit insurance participating institutions and the deposit insurer; and state management of deposit insurance.
This Law applies to insured depositors, deposit insurance participating institutions, the deposit insurer, and other relevant agencies, organizations and individuals in relation to deposit insurance activities.
Article 3. Purposes of deposit insurance
Deposit insurance aims to protect the lawful rights and interests of depositors; and contributes to maintaining the stability of the credit institution system, ensuring the safe and sound development of banking activities.
Article 4. Interpretation of terms
For the purpose of this Law, the following terms shall be construed as follows:
1. Deposit insurance means the assurance of refunding deposits to an insured depositor within the deposit insurance coverage limit upon arising of the obligation to pay insurance proceeds in accordance with this Law.
2. Insured depositor means an individual having an insured deposit at a deposit insurance participating institution.
3. Deposit insurance participating institution means a credit institution or a foreign bank branch established and operating in accordance with the Law on Credit Institutions, which is permitted to accept deposits from individuals.
4. Deposit insurer means a state financial institution operating on a not-for-profit basis, implementing deposit insurance policies; contributing to maintaining the stability of the credit institution system and ensuring the safe and sound development of banking activities.
5. Deposit insurance premium means the amount that a deposit insurance participating institution must pay to the deposit insurer to insure deposits of insured depositors at such deposit insurance participating institution.
6. Deposit insurance coverage limit means the maximum amount that the deposit insurer pays for all insured deposits of one person at one deposit insurance participating institution upon arising of the obligation to pay insurance proceeds.
Article 5. Principles of deposit insurance
1. Deposit insurance is a compulsory insurance as prescribed in this Law.
2. Deposit insurance activities must be conducted in a public and transparent manner, ensuring lawful rights and interests of insured depositors, deposit insurance participating institutions and the deposit insurer.
Article 6. Participation in deposit insurance
Credit institutions and foreign bank branches permitted to accept deposits from individuals must participate in deposit insurance; policy banks are not required to participate in deposit insurance.
Article 7. State policies on deposit insurance
1. The State adopts policies to protect the lawful rights and interests of depositors.
2. The State adopts policies on management and use in order to preserve capital when conducting investment activities and increase operating capital sources of the deposit insurer.
Article 8. Responsibilities for state management of deposit insurance
1. The Government uniformly performs state management of deposit insurance.
2. The State Bank of Vietnam is held accountable to the Government for performing state management of deposit insurance.
3. Ministries and ministerial agencies shall, within the scope of their tasks and powers, cooperate with the State Bank of Vietnam in performing state management of deposit insurance.
4. People’s Committees at all levels shall, within the scope of their tasks and powers, cooperate with state management agencies in performing state management of deposit insurance in their localities.
Article 9. Responsibilities of the State Bank of Vietnam for state management of deposit insurance
1. Submit to the Prime Minister for approval of the deposit insurance development strategy.
2. Conduct inspection, specialized inspection, handle violations, and settle complaints and denunciations regarding deposit insurance in accordance with this Law and other relevant laws, except for the matters prescribed in Article 10 of this Law.
3. Conclude international agreements or submit to competent authorities for conclusion of international treaties on deposit insurance.
Article 10. Responsibilities of the Ministry of Finance for state management of deposit insurance
The Ministry of Finance is responsible for inspecting the compliance with regulations on financial regime, accounting and bookkeeping of the deposit insurer.
1. A deposit insurance participating institution fails to pay the deposit insurance premium.
2. The deposit insurer fails to pay or fails to fully pay insurance proceeds.
3. Committing fraud or forgery of applications, documents, data or papers relating to deposit insurance.
4. Obstructing or causing difficulties resulting in damage to the lawful rights and interests of the deposit insurer, deposit insurance participating institutions, insured depositors and relevant agencies and organizations in relation to deposit insurance.
5. Abusing positions and powers to act against regulations of the law on deposit insurance.
RIGHTS AND OBLIGATIONS OF INSURED DEPOSITORS, DEPOSIT INSURANCE PARTICIPATING INSTITUTIONS AND THE DEPOSIT INSURER
Article 12. Rights and obligations of insured depositors
1. Have their deposits insured at a deposit insurance participating institution in accordance with this Law.
2. Receive insurance proceeds in full and on time in accordance with this Law.
3. Request deposit insurance participating institutions and the deposit insurer to provide full and accurate information and policies on deposit insurance.
4. Lodge complaints, denunciations, or initiate lawsuits against relevant agencies, organizations and individuals in relation to deposit insurance.
5. Provide full and truthful information on deposits at the request of deposit insurance participating institutions and the deposit insurer when carrying out procedures for payment of insurance proceeds.
Article 13. Rights and obligations of deposit insurance participating institutions
1. Be granted a certificate of participation in deposit insurance.
2. Publicly disclose participation in deposit insurance.
3. Calculate and pay the deposit insurance premium in full and on time.
4. Request the deposit insurer to pay insurance proceeds to insured depositors upon arising of the obligation to pay insurance proceeds.
5. Lodge complaints, denunciations, or initiate lawsuits against relevant agencies, organizations and individuals in relation to deposit insurance.
6. Provide information on insured deposits and other information relating to the payment of insurance proceeds periodically or upon request of the deposit insurer, and information serving inspections by the deposit insurer prescribed in Clause 10 Article 14 of this Law to the deposit insurer.
7. Cooperate with the deposit insurer in propagation of deposit insurance policies and laws.
8. Other rights and obligations as prescribed in this Law and other relevant laws.
Article 14. Rights and obligations of the deposit insurer
1. Develop the deposit insurance development strategy for the State Bank of Vietnam to submit to the Prime Minister for approval and organize implementation.
2. Propose to competent state management agencies the issuance of new, or amendments to, replacement, annulment, or suspension of implementation of legal normative documents relating to deposit insurance activities.
3. Be subject to inspection, specialized inspection and supervision by the State Bank of Vietnam and other competent regulatory agencies in accordance with this Law and other relevant laws.
4. Issue, re-issue, revoke, and temporarily revoke the certificate of participation in deposit insurance.
5. Request deposit insurance participating institutions to provide information on insured deposits and other information relating to the payment of insurance proceeds, and information serving inspections by the deposit insurer prescribed in Clause 10 of this Article in accordance with regulations of the Governor of the State Bank of Vietnam.
6. Calculate and collect the deposit insurance premium from deposit insurance participating institutions in accordance with this Law.
7. Manage, use and preserve capital when conducting investment activities, except for certain objective and force majeure causes affecting capital and income in accordance with regulations on financial regime of the deposit insurer. Capital preservation shall be evaluated on the basis of the overall performance of the deposit insurer.
8. Pay insurance proceeds to insured depositors in accordance with this Law and other relevant laws.
9. Monitor and inspect compliance by deposit insurance participating institutions with the law on deposit insurance; propose that the State Bank of Vietnam handle acts in violation of the law on deposit insurance.
10. Conduct inspections of deposit insurance participating institutions according to plans and subject matters assigned by the State Bank of Vietnam.
11. Consolidate, analyze and process information on deposit insurance participating institutions in order to detect and propose that the State Bank of Vietnam promptly handle violations of regulations on safety of banking operations and risks causing unsafety in the credit institution system.
12. Ensure confidentiality of deposit data and documents relating to deposit insurance of deposit insurance participating institutions in accordance with law.
13. Receive reimbursable support from the state budget in accordance with decisions of the Prime Minister or borrow from credit institutions or other organizations with government guarantees in cases where the capital sources of the deposit insurer are temporarily insufficient to pay insurance proceeds; receive sponsorship from domestic and foreign organizations and individuals to strengthen operational capacity; take a special loan from the State Bank of Vietnam in accordance with this Law, the Law on Credit Institutions and other relevant laws.
14. Participate in the process of early intervention, special control and handling of credit institutions:
a) Participate in assessing the feasibility of rehabilitation plans, merger plans, consolidation plans, plans for transfer of entire capital contribution portions, and participate in developing bankruptcy plans of credit institutions under special control in accordance with the law on credit institutions;
b) Provide special loans to deposit insurance participating institutions in accordance with this Law and other relevant laws;
c) Purchase long-term bonds of credit institutions subject to compulsory transfer pursuant to decisions of the State Bank of Vietnam;
d) Appoint eligible and qualified persons to hold positions of President and other members of the Board of Directors; Head and other members of the Supervisory Board; Director, Deputy Director and other managerial and executive positions of people’s credit funds under special control at the request of the State Bank of Vietnam;
dd) Other matters as prescribed in this Law and other relevant laws.
15. Participate in management and contract finalization of assets of deposit insurance participating institutions in accordance with the law on credit institutions and other relevant laws.
16. Conduct propagation on policies, laws and activities on deposit insurance; organize training and dissemination of knowledge on deposit insurance and related matters for relevant organizations and individuals; conduct research, apply science and technology and management methods suitable for the development requirements of the deposit insurer.
Section 1. CERTIFICATE OF PARTICIPATION IN DEPOSIT INSURANCE
Article 15. Issuance, re-issuance, revocation and temporary revocation of the certificate of participation in deposit insurance
1. The deposit insurer shall issue a certificate of participation in deposit insurance to a deposit insurance participating institution after the State Bank of Vietnam grants the license for establishment and operation of a credit institution or the license for establishment of a foreign bank branch.
2. The deposit insurer shall revoke the certificate of participation in deposit insurance after the State Bank of Vietnam issues a document revoking the license for establishment and operation of a credit institution or the license for establishment of a foreign bank branch; the deposit insurer shall temporarily revoke the certificate of participation in deposit insurance when a competent authority issues a document temporarily suspending deposit-taking activities of a credit institution or a foreign bank branch in accordance with law.
3. Immediately after issuing or revoking the license for establishment and operation of a credit institution or the license for establishment of a foreign bank branch, or issuing a document temporarily suspending deposit-taking activities of a credit institution or a foreign bank branch, the State Bank of Vietnam shall notify the deposit insurer so that the deposit insurer carries out the issuance, revocation or temporary revocation of the certificate of participation in deposit insurance.
4. The deposit insurer shall re-issue the certificate of participation in deposit insurance at the request of a deposit insurance participating institution or when deemed necessary by the deposit insurer.
5. The deposit insurer shall promulgate documents guiding the issuance, re-issuance, revocation and temporary revocation of the certificate of participation in deposit insurance.
Article 16. Public disclosure of participation in deposit insurance
Public disclosure at all transaction locations receiving deposits, on the website of the deposit insurance participating institution (if any), on the website of the deposit insurer and through other forms of disclosure by the deposit insurance participating institution shall comply with the guidance of the deposit insurer.
Insured deposits are deposits in Vietnamese dong of individuals deposited at deposit insurance participating institutions in the forms of time deposits, demand deposits, savings deposits, certificates of deposit and other forms of deposits in accordance with the law on credit institutions, except for deposits prescribed in Article 18 of this Law.
Article 18. Deposits not insured
1. Deposits at a credit institution of an individual owning more than 5% of the charter capital of that credit institution; deposits of an individual and related persons of that individual where the individual or related persons own more than 5% of the charter capital of that credit institution. Related persons shall be determined in accordance with the law on credit institutions.
2. Deposits at a credit institution of an individual who is a manager, executive or member of the Supervisory Board of that credit institution; deposits at a foreign bank branch of an individual who is the General Director (Director) or Deputy General Director (Deputy Director) of that foreign bank branch.
3. Compulsory savings deposits at microfinance institutions in accordance with law.
4. Money used to purchase bearer valuable papers issued by a deposit insurance participating institution.
Section 3. DEPOSIT INSURANCE PREMIUM
Article 19. Deposit insurance premium
1. The Governor of the State Bank of Vietnam shall prescribe the deposit insurance premium rate and the application of a uniform premium or differentiated premiums in accordance with the characteristics of the credit institution system in Vietnam in each period.
2. Credit institutions under special control shall be exempt from payment of the deposit insurance premium.
3. Where the deposit insurer takes a special loan from the State Bank of Vietnam in accordance with Article 38 of this Law, the deposit insurer may develop a plan to increase the deposit insurance premium to compensate for the special loan from the State Bank of Vietnam, including at least provisions on the duration of the premium increase, the level of increase and submission to the State Bank of Vietnam for consideration and decision.
4. A credit institution placed under special control may temporarily postpone payment of unpaid or late-paid deposit insurance premiums and late payment amounts (if any) arising before the time when the credit institution is placed under special control. The credit institution under special control shall develop a plan to fully repay the postponed amounts in the restructuring plan submitted to competent authorities for approval.
5. The deposit insurance premium shall be calculated on the basis of the average balance of insured deposits at the deposit insurance participating institution.
6. The deposit insurance premium shall be calculated and paid quarterly in the fiscal year. A deposit insurance participating institution must pay the deposit insurance premium to the deposit insurer no later than the 20th day of the first month of the subsequent quarter.
7. The deposit insurance premium shall be accounted as operating expenses of the deposit insurance participating institution.
8. The Governor of the State Bank of Vietnam shall provide guidance on calculation and payment of the deposit insurance premium.
Article 20. Measures for handling acts of underpayment or late payment of the deposit insurance premium
1. A deposit insurance participating institution that violates the deadline for payment of the deposit insurance premium as prescribed in Article 19 of this Law, in addition to paying the full unpaid premium, shall pay a late payment charge of 0.05% per day of the unpaid amount, except in cases where late payment occurs due to force majeure events as prescribed by law or where payment postponement applies under Clause 4 Article 19 of this Law.
2. Where the deposit insurer detects inaccuracies in the calculation and payment of the deposit insurance premium, the deposit insurer shall notify and collect the unpaid amount or refund the overpaid premium within 15 days from the date of detection.
3. After 30 days from the due date for payment of the deposit insurance premium, if the deposit insurance participating institution fails to pay or fails to fully pay the deposit insurance premium and late payment charge, the deposit insurer shall send a written request to the State Bank of Vietnam to handle the matter in accordance with law.
Section 4. PAYMENT OF INSURANCE PROCEEDS
Article 21. Time of arising of the obligation to pay insurance proceeds
The obligation to pay insurance proceeds arises from one of the following points in time:
1. The bankruptcy plan of a credit institution is approved or the State Bank of Vietnam issues a document determining that a foreign bank branch is unable to pay deposits to depositors;
2. The State Bank of Vietnam issues a document suspending deposit-taking activities of a credit institution under special control and the accumulated losses of that credit institution exceed 100% of the value of its charter capital and reserve funds according to the most recent audited financial statements;
3. The State Bank of Vietnam issues a document notifying the deposit insurer of payment of insurance proceeds in accordance with Clause 2 Article 36 of this Law.
Article 22. Deposit insurance coverage limit
1. The Governor of the State Bank of Vietnam shall prescribe the deposit insurance coverage limit in each period.
2. When the obligation to pay insurance proceeds arises under Clause 2 or Clause 3 Article 21 of this Law, in special cases, to ensure the interests of depositors, the safety of the credit institution system and social order and safety, the Governor of the State Bank of Vietnam may decide a payment limit exceeding the limit prescribed in Clause 1 of this Article, up to the total amount of insured deposits of depositors at a deposit insurance participating institution when the obligation to pay insurance proceeds arises.
3. The deposit insurance coverage limit in cases of implementation of the bankruptcy plan of a credit institution under special control shall comply with the law on credit institutions.
Article 23. Insurance payout amount
1. The insurance payout amount for all insured deposits of one person at one deposit insurance participating institution includes principal and interest and shall not exceed the deposit insurance coverage limit prescribed in Article 22 of this Law.
Where an insured depositor has debts at the deposit insurance participating institution, the insured deposit amount shall be the remaining amount after deduction of such debts.
2. The insurance payout amount in cases where multiple persons jointly own insured deposits shall be determined as follows:
a) The insurance payout amount for all insured deposits jointly owned by multiple persons at one deposit insurance participating institution includes principal and interest;
b) The maximum insurance payout amount for each co-owner, including insurance payouts for other insured deposits of that co-owner at the same deposit insurance participating institution, shall not exceed the deposit insurance coverage limit;
c) The insurance payout amount shall be distributed according to the agreement of the co-owners; where there is no agreement or an agreement cannot be reached, the matter shall be resolved in accordance with law.
Article 24. Procedures for payment of insurance proceeds
1. Within 5 working days from the time when the obligation to pay insurance proceeds arises, the deposit insurance participating institution shall submit an application for payment of insurance proceeds to the deposit insurer.
The application for payment of insurance proceeds includes a written request for payment, a list of insured depositors, the deposit amount of each insured depositor and the insurance payout amount requested from the deposit insurer.
2. Within 5 working days from the date of receiving a complete application as prescribed in Clause 1 of this Article, the deposit insurer shall conduct verification of documents and accounting records to determine the payout amount.
3. Within 10 working days from the completion of verification prescribed in Clause 2 of this Article, the deposit insurer shall develop a plan for payment of insurance proceeds to insured depositors; publicly announce the location, time and method of payment of insurance proceeds in three consecutive issues of a central newspaper, a local newspaper where the head office and branches of the deposit insurance participating institution are located, and on one Vietnamese electronic newspaper, the website of the deposit insurer and other forms determined by the deposit insurer.
4. Within a maximum period of 45 days from the time when the obligation to pay insurance proceeds arises, the deposit insurer shall pay insurance proceeds to insured depositors.
5. When receiving insurance proceeds, insured depositors must present documents and data proving lawful ownership of insured deposits at the deposit insurance participating institution.
6. The deposit insurer shall directly pay insurance proceeds to insured depositors or authorize another deposit insurance participating institution to do so.
7. After 10 years from the date when the deposit insurer publicly announces the payment of insurance proceeds, unclaimed insurance proceeds shall be added to the operating capital of the deposit insurer, and the person having ownership rights to the insured deposits shall not have the right to request the deposit insurer to pay such insurance proceeds.
Article 25. Handling of deposit amounts exceeding the deposit insurance coverage limit
Deposit amounts of insured depositors, including principal and interest exceeding the deposit insurance coverage limit, shall be resolved during the asset handling process of the deposit insurance participating institution in accordance with law.
Article 26. Recovery of insurance payout amounts from deposit insurance participating institutions
1. The deposit insurer becomes a creditor of the deposit insurance participating institution for the insurance payout amounts paid to insured depositors from the date of payment.
2. The deposit insurer shall be distributed asset values in the same order as depositors and recover the insurance payout amounts during the asset handling process of the deposit insurance participating institution in accordance with law.
1. The deposit insurer is a state financial institution established by the Prime Minister, who prescribes its functions and tasks.
2. The deposit insurer is a legal entity operating on a not-for-profit basis, financially autonomous and self-financing.
3. The management structure of the deposit insurer includes the Board of Directors, the Supervisory Board and the General Director.
4. The deposit insurer has its head office; branches; representative offices and other affiliated units (if any).
5. The Government prescribes the organization, operation, salary, remuneration and bonus entitlements of the deposit insurer in accordance with the nature of the deposit insurer’s operations.
Article 28. Operating capital sources
Operating capital sources of the deposit insurer include:
1. Charter capital of the deposit insurer provided by the State, supplemented in accordance with the Government’s regulations;
2. Capital from a special loan from the State Bank of Vietnam; capital received as reimbursable support from the state budget under decisions of the Prime Minister or borrowed from credit institutions or other organizations with government guarantees in cases where the capital sources of the deposit insurer are temporarily insufficient to pay insurance proceeds;
3. Professional reserve fund:
a) The professional reserve fund is formed from proceeds from deposit insurance premium collection; unclaimed insurance proceeds; the remaining annual financial revenue-expenditure difference after making appropriations to funds in accordance with regulations; and amounts received by the deposit insurer (if any) from contract finalization of assets of deposit insurance participating institutions in accordance with regulations;
b) The professional reserve fund is used to pay insurance proceeds to depositors in accordance with the law on deposit insurance; participate in the process of early intervention and special control of deposit insurance participating institutions, and other activities in accordance with this Law;
c) The deposit insurer shall account the amount already paid to depositors as a decrease in the professional reserve fund;
4. Development investment fund:
The development investment fund is appropriated from the annual revenue-expenditure difference of the deposit insurer and is used to execute development investment projects of the deposit insurer and supplement the charter capital of the deposit insurer;
5. Financial reserve fund:
The financial reserve fund is used to offset the remaining portion of losses and property damage arising in the course of operations after being offset by compensation from organizations and individuals causing the losses, insurance payouts and risk provisions; and is used for other purposes in accordance with this Law and other relevant laws;
6. Other lawful capital sources in accordance with law.
Article 29. Investment activities
1. The deposit insurer may use its operating capital sources, except for the capital source prescribed in Clause 2 Article 28 of this Law, to:
a) Purchase and sale of government bonds; purchase and sale of bills of the State Bank of Vietnam with credit institutions and foreign bank branches;
b) Deposit placement at the State Bank of Vietnam;
c) Purchase and sale of bonds and certificates of deposit issued by commercial banks with more than 50% of charter capital held by the State, and joint stock commercial banks with more than 50% of charter capital held by state-owned enterprises; deposit placement at commercial banks with more than 50% of charter capital held by the State, and joint stock commercial banks with more than 50% of charter capital held by state-owned enterprises. No investment shall be made in commercial banks under special control;
d) Other investment activities in accordance with the Government’s regulations.
2. While not in use, the capital source prescribed in Clause 2 Article 28 of this Law must be deposited at the State Bank of Vietnam.
3. The Governor of the State Bank of Vietnam prescribes investment methods of the deposit insurer and procedures for risk control and risk management in the deposit insurer’s investment activities.
4. The deposit insurer decides on criteria for the investment portfolio, investment structure and each investment prescribed in Clause 1 of this Article. The deposit insurer must control and manage risks of investments.
Article 30. Financial regime, accounting, bookkeeping and audit
1. Revenues of the deposit insurer shall be recognized in accordance with Vietnamese Accounting Standards and relevant laws, and fully recorded as revenue, including revenue from deposit insurance operations; revenue from investment activities and other revenue.
2. Expenses of the deposit insurer shall be recognized on the matching principle between revenues and expenses in accordance with Vietnamese Accounting Standards and relevant laws. Expenses of the deposit insurer are actual expenses arising in relation to operations of the deposit insurer, including expenses for deposit insurance operations; investment activity expenses; expenses for managers, executives and employees; management activity expenses; risk provision expenses; and other expenses.
3. The annual revenue-expenditure difference of the deposit insurer is the operating result of the deposit insurer, determined as total income minus reasonable and lawful total expenses arising in the year.
4. The revenue-expenditure difference of the deposit insurer shall be distributed as follows:
a) Offset prior years’ revenue-expenditure deficits;
b) Appropriate to funds, including the development investment fund; the financial reserve fund; and the reward and welfare fund. The Minister of Finance prescribes appropriation ratios from the deposit insurer’s revenue-expenditure difference to the funds specified in this Point in accordance with the nature of the deposit insurer’s operations;
c) The remaining amount shall be appropriated to the professional reserve fund.
5. Where the deposit insurer uses the professional reserve fund to pay insurance proceeds to depositors in accordance with law or carry out activities prescribed in Point b and Point c Clause 14 Article 14 of this Law, resulting in insufficient revenue sources to cover the deposit insurer’s operating expenses and a negative revenue-expenditure difference, the deposit insurer may use the financial reserve fund, and deposit insurance premium proceeds (after the financial reserve fund has been fully used) to offset operating expenses and payments of salaries and welfare for employees, ensuring that salaries are not lower than the immediately preceding year.
6. The financial regime, accounting and bookkeeping of the deposit insurer are based on the financial mechanism applicable to a single-member limited liability company with 100% of charter capital held by the State, suitable for the nature of the deposit insurer’s operations, and as prescribed by the Minister of Finance.
7. Annual financial statements of the deposit insurer must be audited and certified by the State Audit.
Article 31. Management and investment of state capital at the deposit insurer
1. Principles for management and investment of state capital at the deposit insurer:
a) Comply with this Law, other relevant laws, and be suitable for the not-for-profit nature of the deposit insurer;
b) The owner’s representative agency and state management agency shall not directly interfere in routine operations, investment activities, and management and administration activities of the direct owner’s representative and other titles in accordance with regulations on the organization and operation of the deposit insurer;
c) Management of state capital invested in the deposit insurer must be conducted through the direct owner’s representative.
2. State owner representation:
a) The Government uniformly performs rights and responsibilities of the state owner’s representative in investment and management of state capital at the deposit insurer;
b) The Prime Minister, the State Bank of Vietnam, and the direct owner’s representative at the deposit insurer perform rights and responsibilities of the state owner’s representative with respect to the deposit insurer in accordance with this Law and the Government’s regulations.
3. The Government prescribes management and investment of capital, supervision, and evaluation of the effectiveness of state capital investment at the deposit insurer.
INFORMATION AND REPORTING ACTIVITIES
Article 32. Reporting responsibilities and information disclosure of the deposit insurer
1. The deposit insurer is responsible for reporting the following information to the State Bank of Vietnam:
a) Information on compliance with the law on deposit insurance by deposit insurance participating institutions every 6 months or on an ad hoc basis at the request of the State Bank of Vietnam;
b) Information on payment of insurance proceeds to insured depositors every 6 months or on an ad hoc basis at the request of the State Bank of Vietnam;
c) Results of performance of tasks prescribed in Clause 11 Article 14 of this Law on a quarterly basis or on an ad hoc basis at the request of the State Bank of Vietnam;
d) Annual audited financial statements and annual activity reports;
dd) Other information on deposit insurance activities as requested by the State Bank of Vietnam.
2. The deposit insurer is responsible for disclosing information on revocation and temporary revocation of the certificate of participation in deposit insurance and the plan for payment of insurance proceeds to insured depositors in accordance with Clause 2 Article 15 and Clause 3 Article 24 of this Law.
Article 33. Provision of information by the State Bank of Vietnam
1. The deposit insurer is permitted to access information data of the State Bank of Vietnam on deposit insurance participating institutions to perform its functions and tasks in accordance with regulations of the Governor of the State Bank of Vietnam.
2. The State Bank of Vietnam is responsible for enabling the deposit insurer to access information data on deposit insurance participating institutions.
3. The Governor of the State Bank of Vietnam prescribes provision of information on customers’ deposits at deposit insurance participating institutions to the deposit insurer.
INSPECTION REGARDING DEPOSIT INSURANCE
Article 34. Inspection regarding deposit insurance
1. The State Bank of Vietnam performs the function of inspection regarding deposit insurance.
2. Regulated entities of inspection regarding deposit insurance are the deposit insurer and deposit insurance participating institutions.
3. Rights and obligations of regulated entities of inspection regarding deposit insurance shall comply with the Law on the State Bank of Vietnam and the law on inspection.
4. Procedures for inspection regarding deposit insurance for deposit insurance participating institutions shall comply with the Law on the State Bank of Vietnam and the law on inspection.
5. Procedures for inspection regarding deposit insurance for the deposit insurer shall comply with the law on inspection.
PARTICIPATION IN HANDLING CREDIT INSTITUTIONS SUBJECT TO EARLY INTERVENTION OR SPECIAL CONTROL; PARTICIPATION IN HANDLING INCIDENTS AND CRISES IN OPERATIONS OF CREDIT INSTITUTIONS
1. The deposit insurer shall provide special loans from the professional reserve fund in the following cases:
a) Provide special loans to commercial banks, cooperative banks and microfinance institutions under special control to carry out rehabilitation plans;
b) Provide special loans to commercial banks under special control to carry out compulsory transfer plans;
c) Provide special loans to commercial banks, cooperative banks, people’s credit funds and microfinance institutions subject to early intervention and experiencing mass withdrawals; and those under special control and experiencing mass withdrawals, to pay deposits to depositors.
2. The Governor of the State Bank of Vietnam prescribes provision of special loans by the deposit insurer to credit institutions.
3. The deposit insurer decides on provision of special loans with or without interest rates, with or without collateral; and develops internal regulations on special loans to credit institutions.
Article 36. Payment of insurance proceeds to ensure system safety, order and social safety
1. In order to ensure system safety, order and social safety as prescribed in Clause 4 Article 162 of the Law on Credit Institutions, the State Bank of Vietnam shall report to the Government for decision on requiring the deposit insurer to pay insurance proceeds in cases where a credit institution under special control loses, or is at risk of losing, its ability to pay deposits in accordance with the law on credit institutions.
2. The time of arising of the obligation to pay insurance proceeds prescribed in Clause 1 of this Article shall be determined when the State Bank of Vietnam issues a written notice to the deposit insurer on payment of insurance proceeds.
3. The plan for handling the debt of the deposit insurer must be approved in the rehabilitation plan, merger plan, consolidation plan, plan for transfer of all shares and capital contribution portions, compulsory transfer plan, or bankruptcy plan.
4. Where the amount in the professional reserve fund is insufficient to pay insurance proceeds, the deposit insurer shall be granted a special loan by the State Bank of Vietnam to pay insurance proceeds in accordance with Clause 1 of this Article.
Article 37. Principles for handling special loans
1. Special loans from the deposit insurer shall be prioritized for repayment in accordance with Clause 1 Article 194 of the Law on Credit Institutions.
2. After the bankruptcy plan is approved, the amount that the deposit insurer has disbursed as special loans shall be converted into the amount used to pay deposits to depositors.
Article 38. Special loans from the State Bank of Vietnam
1. The deposit insurer may take a special loan at an interest rate of 0%, without collateral, from the State Bank of Vietnam in the case prescribed in Article 21 of this Law and where the amount in the professional reserve fund is insufficient to pay insurance proceeds.
The amount in the professional reserve fund being insufficient to pay insurance proceeds shall be determined when the deposit insurer has used up the amount in the professional reserve fund but it remains insufficient to fulfill the obligation to pay insurance proceeds. The sale of valuable papers not yet due and the withdrawal of deposits not yet due must ensure the principle of preserving capital in investment activities.
2. The deposit insurer shall develop a plan to increase the deposit insurance premium to compensate for the special loan; use repayments of special loans by credit institutions, proceeds from sale of valuable papers held by the deposit insurer, proceeds from contract finalization of assets of credit institutions receiving special loans, and the deposit insurance premium to prioritize repayment of the special loan to the State Bank of Vietnam.
3. The Governor of the State Bank of Vietnam shall provide guidance on the State Bank of Vietnam’s provision of special loans to the deposit insurer.
Article 39. Participation in handling incidents and crises in operations of credit institutions
Where incidents or crises arise that may cause system unsafety in the credit institution system, the deposit insurer shall participate in handling such incidents or crises in accordance with this Law.
The Government shall decide other measures for the deposit insurer to participate in handling incidents and crises.
1. This Law comes into force as of May 1, 2026.
2. Law No. 06/2012/QH13 on Deposit Insurance ceases to have effect as of the date this Law comes into force.
Article 41. Transitional provisions
1. Certificates of participation in deposit insurance issued before the effective date of this Law shall remain valid.
2. Promissory notes and bills issued by deposit insurance participating institutions with outstanding balances before July 1, 2024 shall be counted as insured deposits until the deposit insurance participating institutions fully pay such promissory notes and bills.
3. Credit institutions placed under special control before the effective date of this Law may temporarily postpone payment of late payment amounts arising from the time of being placed under special control. Credit institutions under special control shall develop a plan to fully repay the postponed late payment amounts in the restructuring plan submitted to competent authorities for approval.
This Law was passed by the 13th National Assembly of the Socialist Republic of Vietnam at its 10th session on December 10, 2025.
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PRESIDENT OF THE NATIONAL ASSEMBLY Tran Thanh Man |
