The deposit insurance organization is involved in handling incidents when banks experience mass withdrawals.

On the morning of December 10th, with 448 out of 449 attending delegates voting in favor, the National Assembly passed the amended Law on Deposit Insurance, comprising 8 chapters and 41 articles, which will take effect from May 1st, 2026.

The National Assembly passed the Law on Deposit Insurance - Photo: P.THANG

According to the law passed, one of the important provisions is that deposit insurance is involved in handling credit institutions that require early intervention, special supervision, and participation in resolving incidents and crises in the operations of credit institutions.

Right to special loans from reserve funds

Specifically, the deposit insurance organization shall make special loans from the operational reserve fund in the case of special loans to commercial banks, cooperative banks, and specially controlled macro-financial institutions to implement recovery plans; and special loans to specially controlled commercial banks to implement compulsory transfers.

Commercial banks, cooperative banks, people's credit funds, and microfinance institutions were subjected to early intervention and mass withdrawals, or placed under special supervision and subjected to mass withdrawals to repay deposits to depositors.

The Governor of the State Bank will regulate the organization of deposit insurance for special loans to credit institutions; the institution will decide whether to grant special loans with or without interest, without collateral, and will establish internal regulations on special loans.

Explaining the acceptance of this content before the law was passed, State Bank Governor Nguyen Thi Hong said that the above regulation is to be consistent with the Law on Credit Institutions; when a credit institution is allowed to borrow specially from deposit insurance organizations when there is a mass withdrawal, it does not require this credit institution to be in a state of early intervention or special control.

However, to ensure strictness, the bill has clearly stipulated that the organization participates in deposit insurance when this organization is intervened early or is subject to mass withdrawal, is under special control and is subject to mass withdrawal. Credit institutions that are intervened early or are under special control will be subject to stricter inspection and supervision than other credit institutions.

The criteria for determining the status of "mass withdrawal," "early intervention," and "special control" are also stipulated in the Law on Credit Institutions and its guiding documents.

The draft law also assigns the Governor of the State Bank to regulate the organization of special loan deposit insurance for credit institutions.

Voting results to pass the Law on Deposit Insurance - Photo: P.THANG

Clearly identify incidents and crises for appropriate intervention

There are opinions that it is necessary to compare and review with the Law on Credit Institutions on participating in handling incidents and crises in the operations of credit institutions, ensuring a legal basis, clearly defined criteria, avoiding confusion, and the concept of incidents and crises needs to have references applied according to legal regulations.

According to the governor, Article 39 of the draft law stipulates more broadly, not only cases "to ensure the safety of the credit institution system, social order and safety when handling credit institutions under special control" as stipulated in the Law on Credit Institutions, but also cases where incidents and crises arise.

However, it is difficult to clearly define the case of "incident, crisis" because these are unforeseen cases associated with situations that arise in reality. Including incidents arising from fluctuations in the world situation or crises that have an impact on socio -economic activities in general, banking activities in particular, such as the COVID-19 pandemic in the recent past...

Therefore, Article 39 stipulates the Government's authority to decide on other measures for deposit insurance organizations to participate in handling incidents and crises, creating a basis for the Government to consider deciding to immediately apply measures to mobilize resources from deposit insurance organizations to promptly prevent incidents and crises, ensuring security and safety.

Law on Planning with a 30-year vision

On the morning of December 10, the National Assembly voted to pass the Law on Planning (amended) with 6 chapters and 58 articles, effective from March 1, 2026.

According to the passed law, the planning period is defined as 10 years and the planning vision is defined as 30 years. Including national planning such as: National master plan, marine planning; land use planning; sectoral planning; regional planning; provincial planning; urban and rural planning.

The planning requirements are to ensure the goal of rapid and sustainable development, associated with environmental protection, natural disaster prevention and control, climate change adaptation and national defense and security; ensure infrastructure development, urban and rural development associated with preserving identity, landscape and community cultural space; allocate, exploit and use natural resources reasonably and effectively and preserve historical - cultural relics, cultural heritages and natural heritages.

Planning must ensure a balance of interests between the nation, regions, localities, and the people and businesses, with the national interest being paramount.

Accordingly, the National Assembly decides on the national master plan, the national maritime spatial plan, and the national land use plan.

The Prime Minister approves regional planning; the Government prescribes the authority to approve sectoral planning. The Minister approves detailed sectoral planning; the Chairman of the Provincial People's Committee approves provincial planning, provincial land use planning, archaeological planning, preservation, restoration and rehabilitation planning of national relic clusters or national relic clusters with provincial relics under their management.

The authority to approve urban and rural planning is implemented according to the provisions of law on urban and rural planning.

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Source: https://tuoitre.vn/to-chuc-bao-hiem-tien-gui-duoc-tham-gia-xu-ly-su-co-khi-ngan-hang-bi-rut-tien-hang-loat-20251210105546277.htm