Vietnam: Rights and obligations of the insured persons of deposit

Thu Hien

09:24, 12/08/2013

Insured person of deposit is an individual having deposits insured at the deposit insurance participation organizations. So, how are Vietnam’s regulations on rights and obligations of the insured persons of deposit?

According to Article 11 of the Law on deposit insurance 2012 of Vietnam, the insured persons of deposit shall have the following rights and obligations:

1. Being insured their deposits at deposit insurance participating organizations under the provisions of this Law.

2. Receiving the premium fully and in a timely manner as prescribed by this Law.

3. Requiring the deposit insurance participate organizations and deposit insurance organizations to provide complete and accurate information and regulations on deposit insurance.

4. Making complaint and denunciation and initiating a suit against the agencies, organizations and individuals related to deposit insurance as prescribed by the law.

5. Having the obligations to provide complete and honest information on the deposit on the requirement of deposit insurance participating organizations and deposit insurance organizations upon performing the procedures for the premium payment.

View relevant contents at: The Law on deposit insurance 2012 of Vietnam takes effect from January 01, 2013.

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