Workshop to collect opinions on the draft "Deposit Insurance Law" (amended)

(HTV) - On the morning of August 27 in Ho Chi Minh City, the National Assembly's Economic and Financial Committee chaired a workshop to collect opinions on the draft "Deposit Insurance Law" (amended). Thereby, many experts emphasized the proposal to increase the insurance payment limit, considering this a necessary step to better protect the interests of depositors.

The workshop was chaired by Le Quang Manh, member of the Party Central Committee and Permanent Deputy Chairman of the National Assembly's Economic and Financial Committee. The aim of this amendment to the Law on Deposit Insurance is to perfect the legal framework and at the same time enhance the operational efficiency of the deposit insurance organization. According to Mr. Le Quang Manh, the law is aimed at creating a complete legal corridor so that the deposit insurance organization can participate more deeply in the restructuring process of credit institutions, thereby better protecting the legitimate rights of depositors and contributing to maintaining the stability of the entire system.

The new draft law includes 8 chapters and 44 articles, of which 28 articles are amended and supplemented and 7 articles are completely new.

Overview of the workshop to collect opinions on the draft "Deposit Insurance Law" (amended)

At the workshop, one of the contents that received great attention was the deposit insurance payment limit. Associate Professor Dr. Dinh Dung Sy of the Vietnam Lawyers Association said that the current payment limit of VND 125 million has been applied since 2021 and has revealed many shortcomings so far. Therefore, he emphasized that adjusting the limit in the coming time is extremely necessary. This not only better ensures the rights of the people but also helps strengthen public confidence in the banking system.

In addition, experts also proposed adding regulations on the time when the obligation to pay insurance premiums arises, including payments in special cases. Regarding fees, Nguyen Hoang Minh, Head of the Vietnam Banks Association Representative Office in Ho Chi Minh City, said that the draft law assigns the Prime Minister to regulate the fee levels. At the same time, he also proposed that differential deposit insurance fees could be gradually applied in the future to encourage credit institutions to operate more effectively.

Experts give direct comments on the provisions in the project "Deposit Insurance Law" (amended)

The National Assembly's Economic and Financial Committee and the State Bank of Vietnam have taken note of the enthusiastic contributions. It is expected that the draft Law on Deposit Insurance (amended) will be submitted to the National Assembly for consideration and approval at the October 2025 session.

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Source: https://htv.com.vn/hoi-thao-lay-y-kien-ve-du-an-luat-bao-hiem-tien-gui-sua-doi-222250827152544906.htm