The State Bank of Vietnam (SBV) reported that Deputy Governor Nguyen Ngoc Canh attended and provided direction at Vietnam Deposit Insurance’s conference reviewing 2025 Party work and setting tasks for 2026. The Deputy Governor highlighted the completion and submission of the Law on Unemployment Insurance, approved by the National Assembly on 10 December 2025 to replace the 2012 law, as a key change intended to strengthen the legal basis for Vietnam Deposit Insurance to improve operational effectiveness and participate more deeply in restructuring weak credit institutions under SBV direction. Vietnam Deposit Insurance’s chair reported that the Law on Unemployment Insurance 2025 is due to take effect from 1 May 2026, and that 2025 business and financial targets were largely met or exceeded, including a 12% increase in the revenue-expenditure balance versus the SBV-assigned plan, with total assets and professional reserve funds expected to rise by 14.5% and 15.1% respectively compared with 2024. The update also cited ongoing supervision, inspection and handling of weak credit institutions, alongside progress in internal governance and organisational work. For 2026, the Deputy Governor asked Vietnam Deposit Insurance to implement tasks set out in the Governor’s Directive 01 on key banking sector priorities, and to develop and begin implementing detailed plans immediately after the review. Priorities included preparing for implementation of the Law on Unemployment Insurance 2025, coordinating with SBV units and relevant ministries to complete guiding documents, supporting a “complete legal corridor” for tasks under the Law on Credit Institutions 2024 and the Law on Insurance 2025, and advancing the Unemployment Insurance Development Strategy 2025–2030 approved by the Prime Minister; the conference also included the presentation of state and SBV commendations to collectives and individuals.

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