Vietnam raises deposit insurance ceiling to VND 350 million

The State Bank of Vietnam (NHNN) issued Circular 05/2026, effective 13 July 2026, raising the maximum payout of the Deposit Insurance Fund to VND 350 million per depositor at each insured bank. The new limit, which covers both principal and interest, replaces the previous ceiling of VND 125 million that had been in place since 2021. The change aligns Vietnam’s deposit‑insurance scheme with international standards and is intended to strengthen public confidence in the banking system.

The increase reflects rapid growth in the country’s deposit base: as of the end of 2025, the total insured deposits reached about VND 10 trillion, with roughly 94 % of depositors now fully covered. Historical limits progressed from VND 30 million in 2000, VND 50 million in 2005, VND 75 million in 2017, to the current VND 125 million before this adjustment. The higher ceiling is expected to further protect savers and support the stability of Vietnam’s financial sector.