Law on Deposit Insurance No. 111/2025/QH15

LAW

DEPOSIT INSURANCE

On the basis of the Constitution of the Socialist Republic of Vietnam amended and supplemented by Resolution No. 203/2025/QH15;

The National Assembly promulgates the Deposit Insurance Law.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

This Law regulates deposit insurance activities; rights and obligations of deposit insurance beneficiaries, organizations participating in deposit insurance, deposit insurance organizations, and state management over deposit insurance.

Article 2. Scope of Applicationg

This Law applies to deposit insurance beneficiaries, organizations participating in deposit insurance, deposit insurance organizations, agencies, organizations, and other individuals related to deposit insurance activities.

Article 3. Purpose of Deposit Insurance

Deposit insurance aims to protect the rights and legitimate interests of depositors; contribute to maintaining the stability of the credit organization system, ensuring safe and sound development of banking operations.

Article 4. Definitions

In this Law, the following terms shall be understood as follows:

1. Deposit Insurance is the guarantee for the repayment of deposits to deposit insurance beneficiaries within the limit of insurance payment when there arises an obligation to pay insurance money as prescribed by this Law.

2. Deposit Insurance Beneficiary is an individual with insured deposits at an organization participating in deposit insurance.

3. Organization Participating in Deposit Insurance is a credit organization, foreign bank branch established and operating under the Law on Credit Organizations that accepts deposits from individuals.

4. Deposit Insurance Organization is a state financial organization, operating without profit-making objectives, implementing deposit insurance policies; contributing to maintaining the stability of the credit organization system, ensuring safe and sound development of banking operations.

5. Deposit Insurance Premium is the amount of money that an organization participating in deposit insurance must pay to a deposit insurance organization to insure the deposits of deposit insurance beneficiaries at the organization participating in deposit insurance.

6. Limit of Insurance Payment is the maximum amount of money that a deposit insurance organization pays for all insured deposits of a person at an organization participating in deposit insurance when there arises an obligation to pay insurance money.

Article 5. Principles of Deposit Insurance

1. Deposit insurance is a mandatory form of insurance as prescribed by this Law.

2. Deposit insurance activities must be transparent, ensuring the rights and legitimate interests of deposit insurance beneficiaries, organizations participating in deposit insurance, and deposit insurance organizations.

Article 6. Participation in Deposit Insurance

Credit organizations, foreign bank branches accepting deposits from individuals must participate in deposit insurance; policy banks do not have to participate in deposit insurance.

Article 7. State Policy on Deposit Insurance

1. The State has policies to protect the rights and legitimate interests of depositors.

2. The State has policies for managing and using funds to ensure capital preservation when conducting investment activities and increasing the operational capital of deposit insurance organizations.

Article 8. Responsibilities for State Management of Deposit Insurance

1. The Government uniformly manages state affairs concerning deposit insurance.

2. The State Bank of Vietnam is responsible before the Government for implementing state management of deposit insurance.

3. Ministries, ministerial-level agencies, within their respective functions and powers, are responsible for coordinating with the State Bank of Vietnam to implement state management of deposit insurance.

4. People's Committees at all levels, within their respective functions and powers, are responsible for coordinating with state management agencies to implement state management of deposit insurance in localities.

Article 9. State Management Responsibilities for Deposit Insurance of the State Bank of Vietnam

1. Submit to the Prime Minister for approval of the strategy for deposit insurance development.

2. Inspect, audit, handle violations, and resolve complaints and denunciations regarding deposit insurance according to this Law and other relevant laws, except for the contents stipulated in Article 10 of this Law.

3. Sign international agreements or submit to competent authorities for signing international treaties on deposit insurance.

Article 10. State Management Responsibilities for Deposit Insurance of the Ministry of Finance

The Ministry of Finance shall be responsible for inspecting the implementation of financial regulations, accounting, and bookkeeping systems of deposit insurance organizations.

Article 11. Prohibited Conduct

1. Organizations participating in deposit insurance failing to pay deposit insurance premiums.

2. Deposit insurance organizations failing to pay or paying insufficiently the deposit insurance amount.

3. Fraudulently fabricating documents, data, and papers related to deposit insurance.

4. Obstructing or creating difficulties that harm the legitimate rights and interests of deposit insurance organizations, participating organizations, insured individuals, and related agencies and organizations.

5. Misusing positions or powers to violate laws concerning deposit insurance.

Chapter II

RIGHTS AND OBLIGATIONS OF THE DEPOSIT INSURED PERSON, PARTICIPATING ORGANIZATIONS IN DEPOSIT INSURANCE, DEPOSIT INSURANCE ORGANIZATION PARTICIPATING ORGANIZATIONS IN DEPOSIT INSURANCE, DEPOSIT INSURANCE ORGANIZATION

Article 12. Rights and Obligations of the Deposit Insured Person

1. To be insured for their deposits at participating organizations according to this Law.

2. To receive full and timely payment of deposit insurance according to this Law.

3. To request participating organizations and deposit insurance organizations to provide complete and accurate information about deposit insurance.

4. To lodge complaints, denunciations, or lawsuits against related agencies, organizations, or individuals concerning deposit insurance.

5. To provide complete and truthful information about deposits upon request from participating organizations and deposit insurance organizations when processing insurance payment procedures.

Article 13. Rights and Obligations of Participating Organizations in Deposit Insurance

1. To be issued a Certificate of Participation in Deposit Insurance.

2. To publicly announce participation in deposit insurance.

3. To fully and timely pay deposit insurance premiums.

4. To request deposit insurance organizations to pay deposit insurance to insured persons when there is an obligation to do so.

5. To lodge complaints, denunciations, or lawsuits against related agencies, organizations, or individuals concerning deposit insurance.

6. To provide information about insured deposits, other information related to insurance payments, and information necessary for deposit insurance organization inspections as stipulated in Clause 10, Article 14 of this Law, as required by deposit insurance organizations.

7. To cooperate with deposit insurance organizations to promote policies and laws on deposit insurance.

8. Other rights and obligations as prescribed by this Law and other relevant laws.

Article 14. Rights and Obligations of Deposit Insurance Organizations

1. To develop a strategy for deposit insurance development to be submitted by the State Bank of Vietnam to the Prime Minister for approval and implementation.

2. To propose to competent state management agencies to issue, amend, supplement, replace, abolish, or suspend the enforcement of normative legal documents related to deposit insurance activities.

3. To be subject to inspection, auditing, and supervision by the State Bank of Vietnam and other competent state agencies according to this Law and other relevant laws.

4. To issue, reissue, revoke, or temporarily revoke Certificates of Participation in Deposit Insurance.

5. To request participating organizations to provide information about insured deposits, other information related to insurance payments, and information necessary for deposit insurance organization inspections as stipulated in Clause 10 of this Article, as required by the Governor of the State Bank of Vietnam.

6. To calculate and collect deposit insurance premiums from participating organizations according to this Law.

7. To manage, utilize, and preserve capital during investment activities, except for certain objective and unforeseeable factors affecting capital and income according to the financial system of deposit insurance organizations. Capital preservation is evaluated based on the overall effectiveness of the deposit insurance organization.

8. To pay deposit insurance to insured persons according to this Law and other relevant laws.

9. To monitor and inspect compliance with deposit insurance laws by participating organizations; to recommend the State Bank of Vietnam to handle violations of deposit insurance laws.

10. To conduct inspections of participating organizations according to plans and contents assigned by the State Bank of Vietnam.

11. To compile, analyze, and process information about participating organizations to detect and recommend the State Bank of Vietnam to promptly address violations of banking operation safety regulations and risks causing instability in the credit institution system.

12. To ensure confidentiality of deposit data and related insurance documents of participating organizations according to the law.

13. To accept repayable support from the state budget according to decisions of the Prime Minister or borrow from credit institutions or other organizations guaranteed by the government in cases where the deposit insurance organization's capital temporarily lacks funds to pay insurance; to accept financial assistance from domestic and foreign organizations and individuals to enhance operational capacity; to borrow specially from the State Bank of Vietnam according to this Law, the Law on Credit Institutions, and other relevant laws.

14. To participate in early intervention, special control, and handling of credit institutions:

a) Participate in assessing the feasibility of recovery plans, merger plans, consolidation plans, transfer of all contributed capital, and develop bankruptcy plans for credit institutions under special control in accordance with laws on credit institutions;

b) Provide special loans to organizations participating in deposit insurance in accordance with this Law and other relevant laws;

c) Purchase long-term bonds of credit institutions that have been compulsorily transferred according to the decision of the State Bank of Vietnam;

d) Appoint qualified individuals to hold the position of Chairman, other members of the Board of Directors; Head, other members of the Supervisory Board; Director, Deputy Director, and other management positions of people's credit funds under special control at the request of the State Bank of Vietnam;

đ) Other contents as prescribed by this Law and other relevant laws;

15. Participate in managing and liquidating assets of organizations participating in deposit insurance in accordance with laws on credit institutions and other relevant laws;

16. Implement public awareness campaigns on policies, laws, and activities related to deposit insurance; organize training and dissemination of knowledge about deposit insurance and related matters for relevant organizations and individuals; research and apply science, technology, and management methods suitable for the development requirements of deposit insurance organizations;

Chapter III

DEPOSIT INSURANCE ACTIVITIES

Section 1

DEPOSIT INSURANCE PARTICIPATION CERTIFICATE

Article 15. Issuance, reissuance, revocation, temporary revocation of Deposit Insurance Participation Certificates

1. The deposit insurance organization shall issue a Deposit Insurance Participation Certificate to a participating organization after the State Bank of Vietnam issues a License for establishment and operation of a credit institution or a branch of a foreign bank;

2. The deposit insurance organization shall revoke a Deposit Insurance Participation Certificate after the State Bank of Vietnam revokes the License for establishment and operation of a credit institution or a branch of a foreign bank; temporarily revoke a Deposit Insurance Participation Certificate when the competent authority temporarily suspends the acceptance of deposits from a credit institution or a branch of a foreign bank in accordance with the law;

3. Immediately after issuing or revoking the License for establishment and operation of a credit institution or a branch of a foreign bank, or temporarily suspending the acceptance of deposits from a credit institution or a branch of a foreign bank, the State Bank of Vietnam shall notify the deposit insurance organization to carry out the issuance, revocation, or temporary revocation of Deposit Insurance Participation Certificates;

4. The deposit insurance organization shall reissue a Deposit Insurance Participation Certificate upon request of a participating organization or when the deposit insurance organization deems it necessary;

5. The deposit insurance organization shall issue guidelines on the issuance, reissuance, revocation, and temporary revocation of Deposit Insurance Participation Certificates;

Article 16. Publicizing participation in deposit insurance

Publicizing at all transaction points accepting deposits, on the website of the participating organization (if any), on the website of the deposit insurance organization, and through other forms of publicity of the participating organization in accordance with the guidelines of the deposit insurance organization;

Section 2

DEPOSIT INSURED

Article 17. Deposits Insured

Insured deposits are deposits in Vietnamese dong made by individuals at participating organizations in the form of term deposits, non-term deposits, savings deposits, deposit certificates, and other types of deposits as prescribed by laws on credit institutions, except for deposits specified in Article 18 of this Law;

Article 18. Deposits Not Insured

1. Deposits of individuals who own more than 5% of the charter capital of the credit institution; deposits of individuals and related persons of such individuals who own more than 5% of the charter capital of the credit institution. Related persons are determined in accordance with laws on credit institutions;

2. Deposits of individuals who are managers, directors, or members of the supervisory board of the credit institution; deposits of individuals who are General Managers (Directors) or Deputy General Managers (Deputy Directors) of the branch of a foreign bank;

3. Compulsory savings deposits at microfinance institutions as prescribed by law;

4. Money spent on purchasing anonymous securities issued by participating organizations;

Section 3

DEPOSIT INSURANCE FEES

Article 19. Deposit Insurance Premium

1. The Governor of the State Bank of Vietnam shall stipulate the level of deposit insurance premium, the application of equal or differentiated premiums suitable to the characteristics of credit institutions' systems in Vietnam during each period.

2. Credit institutions under special control shall be exempted from paying the deposit insurance premium.

3. In cases where the deposit insurance organization borrows specially from the State Bank of Vietnam pursuant to Article 38 of this Law, the deposit insurance organization may develop a plan to increase the deposit insurance premium to offset the special borrowing from the State Bank of Vietnam, including at least the duration of the premium increase, the amount of the increase, and submitting it to the State Bank of Vietnam for consideration and decision.

4. When a credit institution is placed under special control, it may temporarily suspend payment of the overdue deposit insurance premium, late payment fees, and arrears (if any) arising before the credit institution was placed under special control. The credit institution under special control shall be responsible for developing a plan to fully repay the temporarily suspended amount in the restructuring plan submitted for approval by the competent authority.

5. The deposit insurance premium shall be calculated based on the average balance of insured deposits at participating organizations.

6. The deposit insurance premium shall be calculated and paid quarterly within the fiscal year. Participating organizations must pay the deposit insurance premium to the deposit insurance organization no later than the 20th day of the first month of the following quarter.

7. The deposit insurance premium shall be recorded as operating expenses of participating organizations.

8. The Governor of the State Bank of Vietnam shall provide guidance on the calculation and payment of the deposit insurance premium.

Article 20. Measures to Handle Non-payment or Late Payment of Deposit Insurance Premium

1. If a participating organization fails to comply with the deadline for paying the deposit insurance premium as prescribed in Article 19 of this Law, in addition to paying the outstanding premium, it must bear a daily late payment fee of 0.05% of the unpaid amount, except in cases of late payment due to force majeure events as provided by law or temporary suspension of payment of the overdue deposit insurance premium as stipulated in Clause 4 of Article 19 of this Law.

2. In cases where the deposit insurance organization discovers inaccuracies in the calculation and payment of the deposit insurance premium, the deposit insurance organization has the responsibility to notify and recover any outstanding premiums or refund any overpaid premiums within 15 days from the date of discovery.

3. After 30 days from the payment deadline for the deposit insurance premium, if a participating organization does not pay or pays insufficiently the deposit insurance premium and late payment fees, the deposit insurance organization shall issue a document requesting the State Bank of Vietnam to handle the matter in accordance with the law.

Section 4

PAYMENT OF INSURANCE MONEY

Article 21. Time of Arising Obligation to Pay Insurance Money

The obligation to pay insurance money arises from one of the following dates:

1. The bankruptcy plan of the 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 the acceptance of deposits by credit institutions under special control, and such credit institutions have accumulated losses exceeding 100% of the value of their charter capital and reserves as reported in the most recent audited financial statements.

3. The State Bank of Vietnam issues a document notifying the deposit insurance organization of the obligation to pay insurance money as stipulated in Clause 2 of Article 36 of this Law.

Article 22. Limit on Insurance Payment

1. The Governor of the State Bank of Vietnam shall stipulate the limit on insurance payment for each period.

2. In cases where the obligation to pay insurance money arises according to Clause 2 or Clause 3 of Article 21 of this Law, in special circumstances, to ensure the depositor's rights, the safety of the credit organization system, and social order and safety, the Governor of the State Bank of Vietnam may decide to increase the insurance payment limit beyond that specified in Clause 1 of this Article, up to the total amount of insured deposits of depositors at the participating organization when the obligation to pay insurance money arises.

3. The limit on insurance payment for deposit insurance in the case of implementing a bankruptcy plan for a credit institution under special control shall be carried out in accordance with the provisions of the Law on Credit Institutions.

Article 23. Amount of Insurance Money Paid

1. The amount of insurance money paid for all insured deposits of a person at a participating deposit insurance organization includes principal and interest, not exceeding the limit on insurance payment stipulated in Article 22 of this Law.

If the insured has a debt at the participating deposit insurance organization, the amount of insured deposit is the remaining amount after deducting such debt.

2. The amount of insurance money paid in the case of joint ownership of insured deposits is regulated as follows:

a) The amount of insurance money paid for all insured deposits of jointly owned persons at a participating deposit insurance organization includes principal and interest;

b) The maximum amount of insurance money paid for each co-owner, including the amount of insurance money paid for other insured deposits at the same participating deposit insurance organization of that co-owner, does not exceed the limit on insurance payment;

c) The amount of insurance money paid will be divided according to the agreement of the co-owners; if there is no agreement or no agreement can be reached among the co-owners, it shall be resolved in accordance with the law.

Article 24. Procedure for Paying Insurance Money

1. Within five working days from the date the obligation to pay insurance money arises, the participating deposit insurance organization must submit a request for payment of insurance money to the deposit insurance organization.

The request for payment of insurance money includes a letter requesting payment of insurance money, a list of insured depositors, the amount of each insured depositor's deposit, and the amount of insurance money requested to be paid by the deposit insurance organization.

2. Within five working days from the date of receiving complete files as stipulated in Clause 1 of this Article, the deposit insurance organization shall conduct checks on documents and ledgers to determine the amount to be paid.

3. Within ten working days from the end of the inspection as stipulated in Clause 2 of this Article, the deposit insurance organization must have a plan to pay insurance money to the insured depositors; publicly announce the location, time, and method of paying insurance money in three consecutive issues of a central newspaper, a local newspaper where the main office and branches of the participating deposit insurance organization are located, and on a Vietnamese online newspaper, the online information page of the deposit insurance organization, and other methods decided by the deposit insurance organization.

4. Within a maximum of forty-five days from the date the obligation to pay insurance money arises, the deposit insurance organization is responsible for paying insurance money to the insured depositors.

5. When receiving insurance money, the insured depositors must present documents and data proving their lawful ownership of the insured deposits at the participating deposit insurance organization.

6. The deposit insurance organization directly pays insurance money to the insured depositors or authorizes another participating deposit insurance organization to carry out the payment.

7. After a ten-year period from the date the deposit insurance organization publicly announces the payment of insurance money, any unclaimed insurance money will be added to the operational capital of the deposit insurance organization, and the owner of the insured deposit will have no right to request the deposit insurance organization to pay the insurance money.

Article 25. Handling Excess Deposits Beyond Insurance Payment Limits

The excess deposits of the deposit insurance beneficiary, including principal and interest exceeding the insurance payment limit, shall be resolved during the asset disposal process of the participating organization in accordance with the law.

Article 26. Recovery of Insurance Payments Due from Participating Deposit Insurance Organizations

1. The deposit insurance organization becomes a creditor of the participating deposit insurance organization for the amount of insurance paid to the deposit insurance beneficiary from the date of insurance payment.

2. The deposit insurance organization is entitled to share in the value of assets in the same order as depositors and recover the insurance payments due during the asset disposal process of the participating deposit insurance organization in accordance with the law.

 Chapter IV

DEPOSIT INSURANCE ORGANIZATION

Article 27. Deposit Insurance Organization

1. The deposit insurance organization is a state financial institution established and assigned functions and tasks by the Prime Minister.

2. The deposit insurance organization is a legal entity operating without profit objectives, financially autonomous, and self-sufficient in covering costs.

3. The management structure of the deposit insurance organization includes the Board of Directors, Supervisory Board, and General Director.

4. The deposit insurance organization has its headquarters; branches; representative offices, and other affiliated units (if any).

5. The Government stipulates the organizational structure, operations, salary, remuneration, and bonus systems of the deposit insurance organization in accordance with the nature of its activities.

Article 28. Sources of Operating Capital

The sources of operating capital for the deposit insurance organization include:

1. The charter capital of the deposit insurance organization provided by the State, supplemented according to the regulations of the Government;

2. Special loans from the State Bank of Vietnam; funds received for support on a repayable basis from the State budget pursuant to the decision of the Prime Minister or loans from credit organizations and other entities guaranteed by the Government in cases where the deposit insurance organization's capital temporarily does not suffice to pay insurance;

3. Business reserve fund:

a) The business reserve fund is formed from insurance premium income; amounts of insurance without claimants; remaining annual financial surplus after setting aside reserves as prescribed; and any amounts received by the deposit insurance organization from the liquidation of assets of the participating deposit insurance organization as prescribed;

b) The business reserve fund is used to pay insurance to depositors in accordance with the law on deposit insurance; participate in early intervention and special supervision processes of participating deposit insurance organizations and other activities as prescribed by this Law;

c) The deposit insurance organization may reduce the business reserve fund for amounts already paid out as deposits to depositors;

4. Development investment fund:

The development investment fund is set aside from the annual financial surplus of the deposit insurance organization and used to implement development investment projects for the deposit insurance organization and to supplement the charter capital of the deposit insurance organization;

5. Financial reserve fund:

The financial reserve fund is used to cover residual losses and damages to assets occurring during operations after compensation from organizations and individuals causing the loss, the deposit insurance organization, and risk reserves; used for other purposes as prescribed by this Law and other relevant laws;

6. Other lawful capital as prescribed by law.

Article 29. Investment Activities

1. The deposit insurance organization may use operational capital, except for the capital specified in Clause 2 of Article 28 of this Law to implement:

a) Purchase and sale of government bonds; purchase and sale of central bank bills of the State Bank of Vietnam with credit institutions, foreign bank branches;

b) Deposit at the State Bank of Vietnam;

c) Purchase and sale of bonds, deposit certificates issued by commercial banks in which the State holds more than 50% of the charter capital, joint-stock commercial banks in which state enterprises hold more than 50% of the charter capital; deposit at commercial banks in which the State holds more than 50% of the charter capital, joint-stock commercial banks in which state enterprises hold more than 50% of the charter capital. Investments shall not be made in commercial banks under special control.

d) Other investment activities as prescribed by the Government.

2. During the period when it is not being used, the capital specified in Clause 2 of Article 28 of this Law must be deposited at the State Bank of Vietnam.

3. The Governor of the State Bank of Vietnam shall stipulate the investment methods of the deposit insurance organization and the oversight and risk management procedures in the deposit insurance organization's investment activities.

4. The deposit insurance organization decides on the investment portfolio criteria, investment structure, and each investment item specified in Clause 1 of this Article. The deposit insurance organization must oversee and manage the risks of these investments.

Article 30. Financial System, Accounting, Bookkeeping, and Auditing

1. Revenues of the deposit insurance organization shall be recorded in accordance with Vietnamese accounting standards and relevant laws, and fully accounted for in income, including income from deposit insurance business operations; income from investment activities; and other income.

2. Expenditures of the deposit insurance organization shall be recorded based on the principle of matching revenue and expenses according to Vietnamese accounting standards and relevant laws. The expenses of the deposit insurance organization include actual costs incurred related to the deposit insurance organization's operations, including costs for deposit insurance business operations; investment activity costs; costs for management personnel, executives, and staff; management activity costs; risk reserve costs; and other costs.

3. The revenue-expenditure difference of the deposit insurance organization in a year is the result of the organization's operations, determined by subtracting total reasonable and legitimate expenses from total income.

4. The revenue-expenditure difference of the deposit insurance organization shall be distributed as follows:

a) To offset revenue less than expenditure in previous years;

b) To establish reserves, including development investment funds; financial reserve funds; reward and welfare funds. The Minister of Finance shall specify the ratio of the deposit insurance organization's revenue-expenditure difference to be allocated to the reserves at this point, consistent with the nature of the deposit insurance organization's operations;

c) The remainder shall be allocated to the business operation reserve fund.

5. In cases where the deposit insurance organization uses the business operation reserve fund to pay deposit insurance to depositors as prescribed by law or implements activities specified in points b and c of Clause 14 of Article 14 of this Law, leading to insufficient revenue to cover the organization's operational expenses and resulting in a negative revenue-expenditure difference, the deposit insurance organization may use the financial reserve fund, premium income (after using up the financial reserve fund), to cover operational expenses and employee salaries and benefits, ensuring that salaries are not lower than the preceding year.

6. The financial system, accounting, and bookkeeping of the deposit insurance organization shall be based on the financial mechanism for wholly state-owned limited liability companies, consistent with the nature of the deposit insurance organization's operations, and shall be regulated by the Minister of Finance.

7. Annual financial reports of the deposit insurance organization must be audited and confirmed by the National Audit Office.

Article 31. Management and Investment of State Capital in Deposit Insurance Organizations

1. Principles for the management and investment of state capital in deposit insurance organizations:

a) Compliance with the provisions of this Law, other relevant laws, and suitability with the non-profit nature of deposit insurance organizations;

b) The representative body of the owner and the state administrative agency shall not directly intervene in the regular operations, investment activities, management, and operation of the direct representative of the owner and other positions as stipulated by the organizational and operational regulations of deposit insurance organizations;

c) The management of state capital invested in deposit insurance organizations must be conducted through the direct representative of the owner.

2. State Owner Representative:

a) The Government shall uniformly exercise the rights and responsibilities of the state owner representative in the investment and management of state capital in deposit insurance organizations;

b) The Prime Minister, the State Bank of Vietnam, and the direct representative of the owner at deposit insurance organizations shall exercise the rights and responsibilities of the state owner representative towards deposit insurance organizations as prescribed by this Law and by the Government.

3. The Government shall prescribe regulations on the management and investment of capital, supervision, and evaluation of the effectiveness of state capital investment in deposit insurance organizations.

Chapter V

INFORMATION ACTIVITIES AND REPORTING

Article 32. Reporting and Information Disclosure Responsibilities of Deposit Insurance Organizations

1. Deposit insurance organizations shall have the responsibility to report to the State Bank of Vietnam the following information:

a) Information on compliance with legal regulations on deposit insurance of participating organizations periodically every six months or upon request of the State Bank of Vietnam;

b) Information on payment of insurance proceeds to insured depositors periodically every six months or upon request of the State Bank of Vietnam;

c) Results of implementing tasks prescribed in Clause 11, Article 14 of this Law periodically every quarter or upon request of the State Bank of Vietnam;

d) Annual audited financial reports and annual activity reports;

e) Other information about deposit insurance activities as required by the State Bank of Vietnam.

2. Deposit insurance organizations shall have the responsibility to disclose information on the recovery, temporary suspension of Deposit Insurance Participation Certificates, and plans for payment of insurance proceeds to insured depositors as prescribed in Clause 2, Article 15 and Clause 3, Article 24 of this Law.

Article 33. Provision of Information by the State Bank of Vietnam

1. Deposit insurance organizations are permitted to access data and information from the State Bank of Vietnam regarding participating organizations to perform their functions and duties as stipulated by the Governor of the State Bank of Vietnam.

2. The State Bank of Vietnam shall have the responsibility to allow deposit insurance organizations to access data and information about participating organizations.

3. The Governor of the State Bank of Vietnam shall prescribe regulations on the provision of customer deposit information at participating organizations to deposit insurance organizations.

Chapter VI

INSPECTION OF DEPOSIT INSURANCE

Article 34. Supervision of Deposit Insurance

1. The State Bank of Vietnam shall perform the function of supervising deposit insurance.

2. The objects of supervision of deposit insurance are deposit insurance organizations and organizations participating in deposit insurance.

3. The rights and obligations of the supervised objects regarding deposit insurance shall be implemented in accordance with the provisions of the Law on the State Bank of Vietnam and the law on supervision.

4. The procedures and formalities for supervising deposit insurance for organizations participating in deposit insurance shall be carried out in accordance with the provisions of the Law on the State Bank of Vietnam and the law on supervision.

5. The procedures and formalities for supervising deposit insurance for deposit insurance organizations shall be carried out in accordance with the provisions of the law on supervision.

Chapter VII

EARLY INTERVENTION IN THE MANAGEMENT OF CREDIT ORGANIZATIONS, SPECIAL CONTROL; PARTICIPATION IN HANDLING INCIDENTS AND CRISIS IN THE OPERATIONS OF CREDIT ORGANIZATIONS

Article 35. Special Loans

1. The deposit insurance organization shall provide special loans from the operational reserve fund in the following cases:

a) Providing special loans to commercial banks, cooperative banks, microfinance organizations under special control to implement recovery plans;

b) Providing special loans to commercial banks under special control to implement mandatory transfer plans;

c) Providing special loans to commercial banks, cooperative banks, people's credit funds, microfinance organizations subject to early intervention and experiencing mass withdrawals; under special control and experiencing mass withdrawals to repay deposits to depositors.

2. The Governor of the State Bank of Vietnam shall stipulate the conditions for the deposit insurance organization to provide special loans to credit institutions.

3. The deposit insurance organization decides whether to provide special loans with or without interest, with or without collateral; establishes internal regulations on providing special loans to credit institutions.

Article 36. Payment of insurance money to ensure system safety, social order, and public security

1. To ensure system safety, social order, and public security as provided for in Clause 4, Article 162 of the Law on Credit Organizations, the State Bank of Vietnam shall report to the Government to decide on requiring the deposit insurance organization to pay insurance money in cases where credit organizations under special control face the risk of or have lost their ability to pay according to the law on credit organizations.

2. The time when the obligation to pay insurance money arises as stipulated in Clause 1 of this Article shall be determined when the State Bank of Vietnam issues a notice to the deposit insurance organization regarding the payment of insurance money.

3. The plan for handling the debt of the deposit insurance organization must be approved in the recovery plan, merger plan, consolidation plan, transfer of all shares or capital contributions, mandatory transfer plan, bankruptcy plan.

4. In cases where the amount in the operational reserve fund is insufficient to pay insurance money, the deposit insurance organization may be granted a special loan by the State Bank of Vietnam to pay insurance money as stipulated in Clause 1 of this Article.

Article 37. Principles for Handling Special Loans

1. Special loans from the deposit insurance organization shall be prioritized for repayment as stipulated in Clause 1, Article 194 of the Law on Credit Organizations.

2. After the bankruptcy plan is approved, the amount of special loans provided by the deposit insurance organization shall be converted into funds for deposit repayment to depositors.

Article 38. Special Loans from the State Bank of Vietnam

1. Deposit Insurance Organizations may obtain special loans with a 0% interest rate and without collateral from the State Bank of Vietnam in cases stipulated in Article 21 of this Law, when the amount in the operational reserve fund is insufficient to pay deposit insurance.

The insufficiency of the amount in the operational reserve fund to pay deposit insurance is determined when the Deposit Insurance Organization has exhausted the funds in the operational reserve fund but still lacks sufficient funds to fulfill its obligation to pay deposit insurance. The sale of securities before maturity and the withdrawal of deposits before maturity must ensure the principle of capital preservation in investment activities.

2. Deposit Insurance Organizations shall develop plans to increase deposit insurance premiums to offset the special loans; they shall use funds from loan repayments by credit institutions, revenues from the sale of securities held by Deposit Insurance Organizations, proceeds from the liquidation of assets of credit institutions that have received special loans, and deposit insurance premiums to prioritize repayment of special loans to the State Bank of Vietnam.

3. The Governor of the State Bank of Vietnam shall provide guidance on the State Bank of Vietnam granting special loans to Deposit Insurance Organizations.

Article 39. Participation in Handling Incidents and Crises in Credit Institutions' Operations

In cases where incidents or crises arise that pose a risk of systemic instability in credit institutions, Deposit Insurance Organizations shall participate in handling such incidents and crises in accordance with the provisions of this Law.

The Government shall decide on other measures for Deposit Insurance Organizations to participate in handling incidents and crises.

Chapter VIII

IMPLEMENTING PROVISIONS

Article 40. Effective Date

1. This Law shall take effect from May 1, 2026.

2. Law on Deposit Insurance No. 06/2012/QH13 shall cease to be effective from the date this Law takes effect.

Article 41. Transitional Provisions

1. Deposit insurance participation certificates issued prior to the effective date of this Law shall continue to be valid for use.

2. Promissory notes and bills of exchange issued by participating deposit insurance organizations with remaining balances before July 1, 2024 shall be included in insured deposits until the participating deposit insurance organization settles all promissory notes and bills of exchange.

3. Credit institutions subject to special supervision prior to the effective date of this Law shall be temporarily exempted from paying overdue fines from the date they were placed under special supervision. Credit institutions subject to special supervision shall be responsible for developing a plan to fully repay the temporarily exempted overdue fines in their restructuring plan submitted for approval by the competent authority.

This Law was passed by the National Assembly of the Socialist Republic of Vietnam, the 10th Session of the 15th Term, on December 10, 2025.