According to this Decision, the limit on deposit insurance coverage is subject to the following regulations:
The maximum amount that a deposit insurer pays for covered deposits made by a person at an entity participating in the deposit insurance plan when any insurance coverage obligation arises is VND 125,000,000.
This means that this limit would be increased in relation to the limit prescribed in current regulations of Article 3 of the Decision No. 21/2017/QD-TTg which is VND 75,000,000.
Notes: With respect to any deposit for which obligations to coverage arise, if such coverage has not yet been paid under the Law on Deposit Insurance by December 12, 2021, the limit on insurance coverage will be subject to the regulations laid down in the Decision No. 21/2017/QD-TTg dated June 15, 2017.
Decision No. 32/2021/QD-TTg is coming into force as from December 12, 2021 as a replacement for the Decision No. 21/2017/QD-TTg dated June 15, 2017.
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