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Video conference on implementation of Prime Minister’s Directive No. 06

On the morning of April 12, 2019 the Deposit Insurance of Vietnam (DIV) organized a video conference on the implementation of the Prime Minister’s Directive No. 06 and the Scheme on strengthening the examination on insured institutions. The conference was attended by Mr. Nguyen Quang Huy - Chairman of the Broad of Directors of DIV and members of the Board of Directors; Mr. Dao Quoc Tinh - General Director and members of the Broad of Management; representatives of Controllers, regional branches’ directors, and Examination and Supervision departments at the headquarters and 8 regional branches.

DIV regional branches’ examination on insured institutions in 2018

In 2018, Deposit Insurance of Vietnam (DIV) regional branches actively implemented and completed 100% of the examination plan on the insured institutions in the local areas.

The State Bank of Vietnam promulgated the Circular on savings deposits

On December 31, 2018, the State Bank of Vietnam (the SBV) promulgated the Circular No. 48/2018/TT-NHNN on savings deposits, replacing the Decision 1160/2004/QD-NHNN dated  September 13, 2004 on the issuance of the Regulation on savings deposits and the Decision No. 47/2006/QD-NHNN dated September 25, 2006 on amending and supplementing a number of articles of the Regulation on saving deposits, issued together with the State Bank Governor’s Decision No. 1160/QD-NHNN dated September 13, 2004.

Meeting on exchange of information about deposit insurance policy at Ho Chi Minh city Banking University

On December 22, 2018, at the Ho Chi Minh city Banking University (HCM city Banking University), the Branch of the Deposit Insurance of Vietnam (the DIV) in Ho Chi Minh city (the Branch) held a meeting on exchange of information about the Deposit Insurance policy (the DI policy) with over 300 students of the Finance-Banking and Business Management Faculties.

Stable macroeconomic environment facilitates banking activities

The Governor of the State Bank of Vietnam (SBV) Le Minh Hung emphasized that in his opening remarks at the Conference  on dissemination of the banking sector’s tasks in 2019 on January 9 in Hanoi.

DIV holds a conference on implementing tasks in 2019

“The DIV's achievements have contributed to the overall performance of the banking sector, thereby strengthening public confidence in the credit institution system as well as the trust of  domestic and foreign enterprises in monetary and credit stability”- Standing Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) addressed upon attending DIV’s conference on implementing tasks in 2019, held on January 22th in Hanoi. Also attending the conference were representatives of the Banking supervisory agency (BSA) and some other departments of SBV.

Disseminating deposit insurance policy: To promote the reputation of People’s Credit Funds

The term “People’s Credit Funds” sounds unfamiliar to people living in cities where they have access to many banks easily. In fact, it provides capital to million people in provinces, rural and remote areas. In order to promote the public confidence in the People’s Credit Fund (PCF) system, over the years, the DIV has made relentless efforts to hold communication events, which reflected DIV’s commitment to “protect rights and legitimate interests of depositors”. The PCF system has therefore seen constant growth.

To promote Deposit Insurance policies implementation at micro-finance institutions

Microfinance institutions have so far become an important element in the socio-economic development in general and the hunger and poverty eradication in particular. At the moment, besides developing the legal framework to facilitate the establishment of more resilient microfinance institutions (MFIs), it is also necessary to promote the implementation of deposit insurance policies at these institutions.

MOU signing ceremony & bilateral meeting between DIV and PDIC

From November 11 to 15, 2018, the Deposit Insurance of Vietnam (DIV) delegation, led by Mr. Nguyen Quang Huy, Chairman of the Board of Directors, paid a working visit to the Philippine Deposit Insurance Corporation (PDIC) in Manila, the Philippines. On this occasion, the DIV signed a Memorandum of Understanding (MOU) with the PDIC and learnt about the PDIC’s core operations. Besides, the delegation also paid a courtesy visit to senior officers of the Central Bank of Philippines. 

Delegation from Korea’s Financial Services Commission and Korea Deposit Insurance Corporation paid a visit to Deposit Insurance of Vietnam on November 14, 2018

On November 14, 2018, delegation from Korea’s Financial Services Commission (FSC) and Korea Deposit Insurance Corporation (KDIC) paid a visit and worked with Deposit Insurance of Vietnam at the headquarters. The meeting was aimed at exchanging and sharing information on several issues of mutual concern.

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