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Vietnam considers drafting law on deposit insurance.
Text of report in English by state-run Vietnamese news agency VNA website
[Unattributed report from the "General" page: "New Law on Deposit Insurance Possible"]
Hanoi (VNA) -A new law on deposit insurance might be built during the 2011-12 period in an effort to improve the operation of this business, General Director of the Deposit Insurance of Vietnam Bui Khac Son said on May 9.
Deposit insurance is defined as a measure implemented in many countries in order to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems form one component of a financial system's safety net and …
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