Hanoi, April 28 -- A raft of new laws, decrees and circulars across finance, environment, competition and trade will take effect from May, marking a significant step in strengthening Vietnam's legal framework, enhancing transparency and supporting sustainable business growth. The revised Law on Deposit Insurance, which will effective May 1, provides a stronger legal foundation to protect depositors and safeguard the banking system. The law defines the deposit insurance agency as a non-profit State financial institution, allowing it to take a more active role in handling weak credit institutions through special lending, bond purchases and governance. Notably, the Governor of the State Bank of Vietnam is authorised to set flexible payout li...