TITLE:
People’s Credit Fund System Safety Guarantee Fund: Provisions of Vietnamese Law and Comparison with Laws of Some Countries in the World
AUTHORS:
Vu Hai Anh, Do Manh Phuong
KEYWORDS:
People’s Credit Fund, Cooperative Bank, Credit Institution, Safety Guarantee Fund
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.13 No.5,
May
19,
2025
ABSTRACT: The article analyzes the establishment of the People’s Credit Fund System Safety Guarantee Fund as an objective necessity. Although they carry out banking activities, compared to other credit institutions such as commercial banks and financial companies, the activities of people’s credit funds contain more risks and have serious impacts on society if there is an unsafe situation in the system’s operations. Therefore, it is necessary to establish a safety guarantee system to ensure the sustainable development of people’s credit funds. In Vietnam, there is a system of regulations regulating the operations of the People’s Credit Fund System Safety Guarantee Fund. In the world, there are also many models with similar characteristics to the people’s Credit Fund System Safety Guarantee Fund in Vietnam such as the Stabilization Funds of Credit Unions or deposit insurance programs. The article analyzes the provisions of Vietnamese law as well as the laws of some countries in the world in the organization and operation of this Fund.