In Vietnam, the deposit insurance scheme was officially initiated in 1999 and went into operation in May 2000. The Law on Deposit Insurance was promulgated on June 18, 2012, and took effect on January 1, 2013. Up to now, after ten years of its operation, it is essential to review, supplement and update the Law on Deposit Insurance and its relevant regulations to improve the efficiency and contribution of deposit insurance operations and promote the better protection of depositors’ rights and interests.