Proactive risk prevention
Hai Phong is a key economic center in the North, home to a large concentration of businesses and a strong flow of capital. Therefore, ensuring the safety of the banking system is always a top priority. The National Assembly's approval of the Deposit Insurance Law in 2025 is seen as a "breath of fresh air," helping to resolve long-standing issues and enhance the role of protecting depositors in the digital age.
The core of the 2025 Deposit Insurance Law is a shift in management thinking, moving from a purely payout model to a risk mitigation model. Instead of simply waiting for a credit institution to become insolvent before providing compensation, Article 13 grants the Vietnam Deposit Insurance Corporation (DIV) the power to “intervene early.” This agency will closely coordinate with the State Bank of Vietnam in supervising, inspecting, and providing special financial support to credit institutions showing signs of weakness in order to maintain the stability of the system.
Mr. Nguyen Van Thanh, a long-time business owner on Lach Tray Street, Le Chan Ward, said: “Previously, whenever we heard news of banks facing difficulties, we were very worried and just wanted to withdraw our money for peace of mind. Now, the new law allows insurance agencies to proactively support banks early on, so depositors feel more secure. Money deposited in banks is for production and business purposes; only when banks are stable will people trust them.”
Another issue of particular interest to the business community and credit institutions in Hai Phong is the roadmap for tightening the use of DIV's financial resources from the 2026 fiscal year. According to Article 31 of the law, the investment portfolio for idle capital will be more strictly controlled, with priority given primarily to government bonds to ensure safety and liquidity.
This tightening is not intended to restrict investment opportunities but to ensure that DIV always has sufficient financial resources to rescue the system or pay depositors in the event of market fluctuations without having to wait for budget support. This is especially significant for a dynamic port city like Hai Phong, where financial transactions take place on a large scale and with high frequency every day.
According to Article 24, the 2025 Deposit Insurance Law opens up a more flexible mechanism by allowing the Prime Minister to decide on the insurance payout limit in accordance with the socio-economic situation of each period, instead of applying a fixed amount that could easily become outdated over time.
Assessing the practical significance of this law, Ms. Nguyen Thi Mai, President of the City Lawyers Association, said that the Deposit Insurance Law 2025 is a significant step forward in perfecting the market economy institution. In Hai Phong, where there is a dense network of people's credit funds and bank branches, the new law helps to resolve bottlenecks regarding the authority for judicial expertise and handling of bad debts according to Article 11 on supplementing the function of expertise.
A tighter financial "safety net".
In suburban areas like Thuy Nguyen and An Duong, which are experiencing rapid industrialization, the demand for savings accounts among workers and laborers is growing.
Ms. Le Thi Hoa from Thuy Nguyen ward shared: “When my savings deposit matured, the bank staff explained the new points of the 2025 Deposit Insurance Law to me. The law tightens management to ensure the safety of people's deposits, and if an incident occurs, insurance payouts are processed faster, so we feel more secure.”
According to the 2025 Deposit Insurance Law, the time limit for paying deposit insurance to depositors has been significantly shortened, from a maximum of 60 days to 30 days from the time the payment obligation arises. This new regulation aims to protect depositors' rights more promptly, in line with practical realities, and contribute to strengthening public confidence in the banking system.
Regarding transparency, Article 20 of the 2025 Deposit Insurance Law clearly stipulates the roadmap for applying differentiated insurance premiums based on the risk level of each credit institution. For the logistics and import-export business community in Hai Phong, having their capital protected by a strict legal framework will create greater peace of mind in their production and business activities. Banks will also be compelled to improve their governance capacity if they do not want to face higher insurance premiums. This directly contributes to protecting the rights of depositors.
The law also enhances depositors' access to information. According to regulations, deposit insurance participating institutions must publicly disclose their participation at all deposit-taking points, on their websites, and through other forms consistent with digital technology trends. The responsibility for disseminating deposit insurance policies is clearly defined between the Vietnam Deposit Insurance Corporation and participating institutions, thereby creating more information channels for public access.
In fact, the implementation of the 2025 Deposit Insurance Law in Hai Phong is not limited to regulations on paper but also aims to strengthen surprise inspections and increase transparency of financial information of credit institutions. When the financial "safety net" is tightened, people will feel less anxious about false rumors, limiting the risk of mass withdrawals that could destabilize the banking system.
"Tightening deposit insurance regulations is not a barrier, but rather creating a safe and wide corridor for capital flow. This is the legal foundation for Hai Phong to continue its breakthroughs in the new era," Ms. Nguyen Thi Mai stated.
The 2025 Deposit Insurance Law has practical significance for socio-economic life, not only directly addressing the concerns of depositors but also creating a foundation for the safe and sustainable development of the financial system. For Hai Phong, the effective implementation of the law from 2026 will become an important driving force to strengthen the confidence of people and businesses, attract more investment resources, and protect the fruits of labor and savings of each citizen of the port city.
MINH CHAUSource: https://baohaiphong.vn/cung-co-niem-tin-cho-nguoi-gui-tien-542741.html
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