Have an effective coordination mechanism to ensure the safety of the financial system.

Participating in the discussion group on the morning of October 23 on the draft Law on Deposit Insurance (amended), National Assembly Deputy Thai Quynh Mai Dung (Phu Tho) expressed her agreement with the need to amend and supplement the provisions of the Law on Deposit Insurance. At the same time, she recommended having a clear, specific and legally binding coordination mechanism between the competent authorities, especially in terms of information exchange, early warning and participation in handling weak credit institutions.

Báo Đại biểu Nhân dân•23/10/2025

Absorbing many international deposit insurance trends

Over the past time, the number of deposit insurance organizations in the world has increased by about 60%, from 81 organizations in 2012 to about 130 organizations in 2024. Global deposit insurance systems are tending to expand the authority and enhance the role of deposit insurance organizations in ensuring system safety and protecting depositors, through the effective use of deposit insurance resources, as well as strengthening inspection, supervision and handling of credit institutions in difficulty. According to the International Association of Deposit Insurers, the proportion of deposit insurance organizations with an extended role increased from 67% to 82% in the period 2014 - 2023.

National Assembly Deputy Thai Quynh Mai Dung discusses the Law on Deposit Insurance (amended)

The draft Law on Deposit Insurance (amended) has absorbed many international deposit insurance trends, demonstrated through three outstanding contents.

Firstly , regarding inspection activities, Clause 10, Article 14 of the draft Law stipulates that the Vietnam Deposit Insurance is allowed to inspect organizations participating in the Deposit Insurance according to the plan and content assigned by the State Bank of Vietnam (SBV). This will help mobilize more resources from the Vietnam Deposit Insurance to support the SBV's inspection work, while providing a multi-dimensional perspective in assessing the operations of credit institutions, contributing to ensuring the safe development of the credit institution system.

Second , regarding participation in handling weak credit institutions, the addition of regulations on special loans in Article 35 of the draft Law will ensure consistency with the Law on Credit Institutions, the Report "Disbursement Insurance 2024 - Global Trends and Key Issues" of the International Association of Deposit Insurers (IADI) in 2024; at the same time, creating a more complete and clear legal corridor for deposit insurance organizations to provide special loans to groups of credit institutions under special supervision according to the law.

Third , regarding insurance payment activities, the provision on early payment in Clause 2, Article 21 of the draft Law helps depositors quickly access insured deposits without having to wait for the bankruptcy plan to be approved, which is a lengthy and difficult process to implement. This will help strengthen the confidence of depositors, thereby limiting the phenomenon of mass withdrawals, and quickly and decisively handling weak credit institutions.

Sharing information for risk assessment and early warning

Deposit insurance is an important component of the financial safety net. Effective coordination between deposit insurance organizations and financial safety net agencies such as the Central Bank, financial supervisory agencies and the Ministry of Finance is crucial in preventing, responding to and handling banking crises, ensuring system safety. This requires a clear, specific and legally binding coordination mechanism between competent authorities, especially in information exchange, early warning and participation in handling weak credit institutions. The results of the 2024 annual survey by the International Association of Deposit Insurers show that nearly three-quarters of deposit insurance organizations have formal agreements in the form of Memorandums of Understanding (MoUs), regulations and legal agreements with members of the financial safety net on issues such as information sharing, coordination agreements in crises, joint exercises, etc.

Overview of the morning meeting of October 23

Therefore, when the Law on Deposit Insurance (amended) is officially issued and implemented, the State Bank needs to strengthen coordination and information and data sharing so that the Vietnam Deposit Insurance can proactively assess risks, provide early warnings and support management agencies in crisis response, contributing to the effective implementation of assigned tasks as prescribed in the draft Law, especially supervision, inspection, participation in special control as well as in accordance with international trends and practices.

Regarding deposit insurance fees, Clause 1, Article 19 of the draft Law has given the authority to the Governor of the State Bank to flexibly apply deposit insurance fees of the same level or differentiate them in accordance with the characteristics of the credit institution system in each period. This is a regulation consistent with the authority, functions and tasks of the State Bank. However, currently, the trend is that more and more deposit insurance organizations in the world are applying a system of differentiated fees according to risk. Therefore, the State Bank needs to have a clear roadmap to gradually apply a differentiated fee system in Vietnam, in accordance with international practices.

Regarding insurance payments, in addition to granting the authority to regulate the insurance payment limit in each period to the Governor of the State Bank in Article 22, the draft Law is consistent with the policy of promoting decentralization, delegation of authority, as well as the authority, functions and tasks of the State Bank. The State Bank and the Vietnam Deposit Insurance also need to increase the application of information technology in insurance payment activities to shorten payment time and better protect the legitimate rights of depositors.

Source: https://daibieunhandan.vn/co-co-che-phoi-hop-hieu-qua-de-bao-dam-an-toan-he-thong-tai-chinh-10392613.html