Clarifying the legal value of inspection activities by the deposit insurance organization.

Photo caption — Governor of the State Bank of Vietnam, Nguyen Thi Hong, explains and clarifies some issues raised by National Assembly deputies. Photo: Doan Tan/TTXVN.

In the assembly hall, delegates emphasized that the draft law was developed to create a complete and clear legal framework for deposit insurance to better protect the rights of depositors, ensuring the stability of the credit institution system, and social security and safety.

Among these, many opinions suggested clarifying the legal validity of inspection results conducted by the deposit insurance organization, strengthening information sharing mechanisms, and improving effective coordination among relevant agencies in inspecting, auditing, and supervising credit institutions.

Commenting on the inspection activities of the deposit insurance organization, delegate Thai Quynh Mai Dung ( Phu Tho ) stated that, in addition to the task of inspecting compliance with the regulations of the law on deposit insurance inherited from the current law, the draft Law on Deposit Insurance (amended) stipulates that the deposit insurance organization shall "conduct inspections of deposit insurance participating organizations according to the plan and content assigned by the State Bank of Vietnam".

Agreeing with the addition of this regulation, the delegates analyzed that a common characteristic of all types of insurance is that the insurance organization needs to monitor the "health" of the insured institution in order to calculate insurance premiums and detect and prevent risks that could lead to the need to use the insurance fund for payouts. This is also true for deposit insurance; therefore, allowing the deposit insurance organization to inspect participating deposit insurance institutions is reasonable.

According to the delegate, over the past 25 years of implementing the deposit insurance policy, the Vietnam Deposit Insurance Corporation has built an operational network with its headquarters and regional branches, and a team of capable and well-trained staff. "Therefore, assigning the deposit insurance organization to inspect participating deposit insurance institutions will help utilize human resources to support the State Bank of Vietnam's inspection work; and at the same time provide a multi-faceted perspective in evaluating the operations of credit institutions," the delegate emphasized.

In addition, delegate Thai Quynh Mai Dung also suggested that the drafting agency clearly distinguish between the inspection activities of the Vietnam Deposit Insurance Corporation and the inspection activities of the State Bank of Vietnam, ensuring there is no overlap and no difficulties for businesses.

In addition, delegate Thai Quynh Mai Dung requested that the drafting agency clarify the legal value of the inspection activities of the deposit insurance organization.

"When conducting inspections and detecting signs of violations or potential security risks, does the deposit insurance organization have the right to recommend or issue warnings to credit institutions? This is a crucial factor in ensuring the effectiveness, efficiency, and substance of the deposit insurance organization's inspection activities," the representative suggested.

Also commenting on this issue, delegate Thach Phuoc Binh (Vinh Long) proposed adding a regulation allowing the Vietnam Deposit Insurance Corporation to issue direct warnings and recommendations to credit institutions when risks are detected during inspections; and to report to the State Bank of Vietnam for appropriate supervisory measures. The delegate argued that this right is not an inspection or a sanction, but rather an early warning tool to help minimize systemic risks.

During the plenary session, Governor of the State Bank of Vietnam, Nguyen Thi Hong, clarified that regarding the inspection activities of deposit insurance organizations, the State Bank, as the regulatory body, will clearly define the scope and limits of inspections conducted by these organizations to ensure there is no overlap with the scope of inspections carried out by the State Bank and other competent authorities in the inspection, examination, and supervision of credit institutions.

Regarding the possibility of the deposit insurance organization issuing recommendations and warnings to credit institutions during inspections, Ms. Nguyen Thi Hong stated that this is a result of the inspection process and does not necessarily need to be included in the law. The State Bank of Vietnam, as the regulatory body, will have a complete and comprehensive understanding of the situation of a credit institution.

“The State Bank of Vietnam will consider the deposit insurance organization’s recommendations to make decisions and take appropriate measures. Thus, through the deposit insurance organization’s inspection activities, the role and responsibility of the deposit insurance organization for the safety of the deposit insurance system can be enhanced, as well as creating an additional inspection channel to support state management of banking operations,” the Governor of the State Bank of Vietnam emphasized.

Through the Resolution on the central budget allocation plan for 2026

Also at the session, the National Assembly voted to approve the Resolution on the central budget allocation plan for 2026 with 420 out of 420 participating delegates voting in favor (100%).

Before the vote, the National Assembly heard Minister of Finance Nguyen Van Thang present a summary report explaining, accepting, and revising the draft Resolution on the central budget allocation plan for 2026.

Accordingly, the total central government revenue is 1,225,356 billion VND. The total central government expenditure is 1,809,056 billion VND, including: an estimated 238,421 billion VND to supplement local budget balances; an estimated 53,554 billion VND to supplement local governments to ensure the implementation of the basic salary of 2.34 million VND/month; and an estimated 187,175 billion VND for targeted supplementary local budgets.

According to Minister Nguyen Van Thang, enhancing the leading role of the central budget is one of the issues that the Party, State, and Government pay close attention to and direct the Ministry of Finance to carefully review when preparing the budget estimates for each year. For the 2026 budget estimate, the leading role of the central budget is demonstrated from several aspects: Total central budget expenditure accounts for 57.7% of total state budget expenditure, ensuring political, national defense, and security tasks, investing in important national projects and tasks, developing socio-economic infrastructure comprehensively, and creating momentum for the country's economic growth.

The central government continues to allocate an additional 479 trillion VND to local budgets to ensure balance and provide targeted supplementary funding for the implementation of projects, social welfare policies, and salary reforms. The central government's allocation, accounting for 48.4% of total state budget revenue, stems from the need to ensure financial security and safety, and to exercise caution in the context of significant fluctuations.

Revenue from import and export activities is expected to be equivalent to the estimated figure for 2025. Meanwhile, the projected revenue from land use fees in 2026 is expected to increase by 220 trillion VND compared to the 2025 estimate, due to the anticipated completion of national transportation infrastructure and the acceleration of land auctions and leases, which account for 85.7% of local budget revenue.

The Minister of Finance stated that, excluding land use fees, the central budget accounts for over 56% of total state budget revenue. Furthermore, according to Article 44 of the Resolution on the 2026 State Budget Estimate, the National Assembly has tasked the Government with striving to increase state budget revenue in 2026 by at least 10% compared to the estimated revenue in 2025. Therefore, the proportion of central budget revenue is expected to increase during implementation, ensuring the central budget's leading role is enhanced.

For 2027, the synchronized implementation of the 2025 State Budget Law will comprehensively change the decentralization of revenue sources and expenditure responsibilities between the central and local governments, and the leading role of the central budget will be further strengthened.

Source: https://baotintuc.vn/thoi-su/lam-ro-gia-tri-phap-ly-cua-hoat-dong-kiem-tra-cua-to-chuc-bao-hiem-tien-gui-20251114172941189.htm