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Extending rights of deposit insurance

Update: 17-08-2013 | 00:00:00
According to Decision 1394/QD-TTg dated August 13th 2013, obligations and rights of Vietnamese deposit insurance are extended compared to previous regulations, namely, insured people can transfer, lease, mortgage their deposit insurance; request insurers to provide information of deposit periodically or suddenly…In addition, information of deposit, related documents of insured organizations or individuals is kept secretly and examined, monitored by the State Bank and authorities.The Decision takes effect from issued day and is to replace Decision 218/1999-QD-TTg.Reported by Truc Huynh – Translated by Ngoc Huynh
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