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Changes planned for deposit insurance law

by VTV423 March 2017 Last updated at 09:54 AM

(Photo illustrated)
(Photo illustrated)

VTV.vn - The State Bank of Vietnam has just drawn up draft amendments to the Deposit Insurance Law.

One of the proposed changes is increasing the maximum deposit amount that can be insured per customer from a current 50 million VND to 75 million VND (3,290 USD).

Like in most other countries in the world, Vietnam's deposit insurance policies have two main aims: to protect depositors and secure the banking industry.

However, the current limit per customer of 50 million VND is not satisfactory for most depositors. For this reason, the SBV intends to raise the limit.

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