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Promoting the role of protecting depositors’ interests

Pursuing the ultimate goal of contributing to maintaining the stability of the credit institutions system, protecting legitimate rights and interests of depositors, the Deposit Insurance of Vietnam (DIV) actively conducted professional activities in the right direction and obtained remarkable achievements in almost all operations, from strengthening the legal framework, effectively implementing deposit insurance (DI) policy to improving supporting activities.

Modernization of information technology system –promoting the role of deposit insurance policy

The Financial Sector Modernization and Information Management System (FSMIMS) project – component of the Deposit Insurance of Vietnam (DIV) – was completed and has been put into operation helping the DIV to modernize professional processes to better protect depositors’ interests and contribute to the safe and sound operation of credit institutions system. QuangTrungpeople’s credit fund (Ha Dong district, Hanoi city) is one of the project beneficiaries. Ms Mai Thi Minh Huong – the fund’s Managing Director talked about the changes brought about by the project. 

DIV further promotes communication activities to young people

Nowadays, the promotion oflegal education for studentsplays an important role in socio-economic developmentin our country. Being well aware of this, Deposit Insurance of Vietnam (DIV) attaches great importance to communication activities, highlighting on disseminating deposit insurance (DI) policy tostudentsat colleges and universities. By this way, it also contributes to boostingfinancial education which is growing fast in our country.

Financial services have yet to reach out to many Vietnamese people

In Vietnam, most poor people have no access to many mobile banking services

The State Bank of Vietnam has more tools to control cash flows

The fluctuations of Interest rates and the exchange ratehave beenunder the control of the State Bank of Vietnam (SBV), which would allow SBV to carry out the policy of transferring State Treasury’s deposits from commercial banks to SBV.

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.

Active and flexible monetary policy regulation

On 21st May 2018,an additional report on the results of socio-economic development in 2017, early 2018 and the key tasks and solutions in the coming time was deliveredto the National Assembly byStanding Deputy Prime Minister Truong Hoa Binh, in which he emphasized: an active and flexible monetary policy would ensure the liquidity and safety of the financial system.

For third year in row, the State Bank of Vietnam leads in administrative reform

On May 2, 2018, the Public Administrative Reform(PAR) Steering Committee of the Government announcedPublic Administration Reform Index (PAR Index) of ministries, branches, provinces and centrally-governed cities, along with Satisfaction Index of Public Administration Services in 2017. According to this, the State Bank of Vietnam (SBV) reached the highest index scoreof 92.36%. This wasthe 3rd consecutive year that the SBVwas ranked No.1 in terms of public administration reform in ministries. 

The Deposit Insurance of Vietnam officially transformsits information technology system from Data centre to Data recovery centre

From March 3 to April 4, 2018, the Deposit Insurance of Vietnam (DIV) officially transformed its information technology (IT) system from the Data Centre (DC) to the Data Recovery Centre(DRC). 

Banks focus on implementing solutions to improve security in payment

At the regular government’s press conference of April 2018 in the afternoon of May 3, Deputy Governor of the State Bank Nguyen Thi Hong responded to the press regarding the security and safety in card payment.

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