Legal Counselling

Law on deposit insurance 2012 of Vietnam: Prohibited acts

09:11, 12/07/2013

The Law on deposit insurance 2012 of Vietnam stipulates the deposit insurance activities, rights and obligations of insured persons of deposits, deposit insurance participation organizations, deposit insurance organization and state management of deposit insurance.

The Law on deposit insurance 2012 of Vietnam specifies prohibited acts, including:

One, the deposit insurance participating organizations fail to pay the fee of deposit insurance.

Two, the deposit insurance organizations fail to pay or insufficiently pay the premium.

Three, defrauding and falsifying records, materials and papers on deposit insurance.

Four, obstructing, making it difficult and damaging the legitimate rights and interests of the deposit insurance organizations and the deposit insurance participating organizations, the insured persons of deposit and the agencies and organizations related to deposit insurance.

Five, taking advantage of position and power to act against the provisions of law on deposit insurance.

View relevant contents at: The Law on deposit insurance 2012 of Vietnam was promulgated on June 18, 2012 and effective from January 01, 2013.

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