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An important instrument for ensuring the safety of the financial and banking system

The 16th International Conference and Annual Meeting of Asia-Pacific Regional Committee (APRC) under the International Association of Deposit Insurance (IADI) were hosted by the Deposit Insurance of Vietnam (DIV) in April 16 -17 in Hanoi.

Role Of Deposit Insurance Of Vienam To People's Credit Funds System

The system of People’s Credit Funds: new model of cooperatives in the banking sector

Enhancing the role of deposit insurance to small and medium sized insured institutions

The APRC’s 16th Annual Meeting and International Conference was a chance for participants to share information and experiences in assistance, supervision and resolution of small and medium sized insured institutions,hence appropriate policies would be proposed for improving the role of deposit insurer to these institutions.

The Deposit Insurance of Vietnam held a bilateral meeting with the Korea Deposit Insurance Corporation

From March 21-23, 2018, the Korea Deposit Insurance Corporation (KDIC) paid a working visit to Vietnam under the framework of the Vietnam-Korea Financial Cooperation Forum. The Vietnam -Korea Financial Cooperation Forum is an initiative of the Korea Council for International Financial Cooperation (CIFC) and the Vietnam Bankers’ Association. At the forum, leaders of KDIC and DIV participated in presenting and discussing deposit insurance policies and cooperative activities between the two organizations.

New regulation on renewal of licenses for operation of commercial banks

The State Bank of Vietnam (SBV) has recently issued Circular No. 17/2017/TT-NHNNamending and supplementing Circular No. 40/2011/TT-NHNN stipulating the granting of licenses, organizations and operations of commercial banks, foreign bank branches, and representative offices of foreign credit institutions, and other foreign institutions with banking operations in Vietnam.

Restructuring banks – Ensuring legitimate rights and interests of depositors

“One of the most important objectives and principles in the implementation of restructuring the system of credit institutions is to ensure the legitimate rights and interests of depositors. This is the thorough view-point of guidance by the Party, the National Assembly, the Government in the process of restructuring the system of credit institutions”. That was the affirmation of the Deputy Governor of the State Bank of Vietnam (the SBV), Mr Dao Minh Tu, at the meeting with the Vietnam Construction One-Member Limited Liability Commercial Bank (CB) in Long An province in the afternoon of December 18.

Application of Basel II for sustainable development

If Basel II is applied, capital will be allocated toright business operations, contributing to improving business effectiveness, increasingshareholders’ interests, minimizing possibility of capital losses in case of marketdistress or crisis.

DIV’s research teams successfully defends scientific themes

On December 14, 2017, the research teamsof the Deposit Insurance of Vietnam (DIV) defended 03 grassroot-levelapplied scientific themes, namely: Enhancing the DIV’s training and human resource development; Solutions for sustainable development of the People’s Credit Funds (PCFs) in Vietnam; and Improving legal framework for credit institutions bankruptcy.

DIV grants certificate of deposit insurance participation to Lien Hiep People’s Credit Fund in Ha Giang province

Lien Hiep People’s Credit Fund (PCF) held an opening ceremony on 21st December 2017in Lien Hiep commune, BacQuang district, Ha Giang province. At the ceremony, on behalf of the Deposit insurance of Vietnam (DIV), Mr. Ha Quang – Deputy Director of the DIV’s North West regional branch granted the certificate of deposit insurance participation to Lien Hiep PCF.

Prime Minister asks banking industry to take lead in implementing ”10-word” motto

Onthe afternoon of January 9th, at the meeting on launching the banking sector plan for 2018, Prime Minister Nguyen XuanPhuc asked the banking sector to take the lead in implementing the action motto of the Government in 2018:  disciplined, honest, active, creative and effective (Kỷ cương, liêm chính, hành động, sáng tạo, hiệu quả) to efficiently support the Government to implement a comprehensive socio-economic development program, extensive and intensive economic reforms to achieve and exceed the important target of 2018 as well as in the full term of office.

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