The maximum deposit insurance payout has been proposed by the State Bank of Vietnam to increase by 2.8 times higher than the current level.
Since 2000, the deposit insurance payout limit in Vietnam has been adjusted three times, with the 2025 level increased by approximately 4.16 times compared to 2000. However, during the period, the per capita GDP has surged 22 times, causing the ratio between deposit protection and average income to plummet from 5.2 times to just 1 time by 2025.
Vietnam's GDP has grown from $31.17 billion in 2000 to $514 billion in 2025, a nearly 16.5-time increase over 25 years. By 2030, GDP is expected to grow another 1.6 times compared to 2025. These figures indicate that the current deposit protection level has not kept pace with economic growth.
Alongside economic development, the scale of insured deposits has also expanded rapidly. From 2000 to 2025, insured deposit balances increased from VND66.4 trillion (more than $2.54 billion) to approximately VND10.2 quadrillion (nearly $390.47 billion). As of December 31, 2025, the total insured deposit balance reached VND10.02 quadrillion, a 51.4% increase from the end of 2021. The number of insured depositors also rose significantly, reaching 138.69 million, a 66.87% increase from 2021.
The central bank noted that by December 2025, over 56 million accounts had balances below VND50,000 and were mostly inactive, accounting for more than 40% of insured depositors. This is primarily due to the growing popularity of online account opening, leading many to have multiple unused accounts.
Excluding these accounts, with a protection level of VND125 million, the percentage of fully protected depositors is only 87.61%. This is lower than the global average of 98% and below Vietnam's target of 92%–95%, according to its deposit insurance development strategy.
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