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SBV sends draft of increased bank deposit insurance

02-Nov-2004 Intellasia | 28/OCT/2004 NONG THON NGAY NAY PAGE 2 | 7:27 PM

The State Bank of Vietnam (SBV) sent a draft decree to the prime minister that would nearly double the amount of regulatory bank savings deposit insurance.
Amendments and supplements to Decree 89/1999/ND-CP regulating bank deposit insurance would increase the insured pay-out amount from 30 million dong to 50 million dong for personal savings deposits and expand the beneficiaries of deposit insurance to include households, cooperatives, private businesses and incorporated companies.
At present, only personal deposits are insured under current rules.


Category: Legal

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