This Decree details and guides implementation of the Law on Deposit Insurance. This Decree applies to deposit insurers, organizations participating in deposit insurance, persons who are insured deposit and other organizations and individuals involving deposit insurance operation. This document details the role and operations regarding deposit insurers and organizations participating in deposit insurance.
This Decree ensures truthfulness, objectiveness, timeliness and fullness when sharing information between the State Bank of Vietnam and deposit insurers as well as information protection under the law on state's secret protection.
This document also states that certificates of deposit insurance which are granted before the effective day of this Decree will continue having use value, except for certificates of deposit insurance which have been granted for organizations not having to engage in deposit insurance as prescribed by Law on deposit insurance. Certificates of deposit insurance which have been granted for organizations not having to engage in deposit insurance will be invalid.