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Operation of monetary policy significantly contributes to help the economy achieve objectives

The Governor of the State Bank of Vietnam, Mr. Le Minh Hung, affirmed at the Government Online Conference with localities, focusing on discussion on solutions to implement socio-economic tasks and state budget planning for 2018. The conference took place on December 29th in Hanoi.

Scientific Conference on Development of Debt Trading Market in Vietnam

On 19th December 2017, in Ho Chi Minh City (HCMC), a scientific conference titled "Conditions for the formation and development of a debt trading market in Vietnam" was organized by the Institute of Policy and Development (Ministry of Planning and Investment).

Regulation of foreign exchange rates: stability in fluctuating situation

The psychology of over-expectation and even speculation in foreign exchange trading has been eased much since the exchange rates have been stabilized for recent years, especially thanks to the new exchange rates regime.

Deposit Insurance Systems And Current Challenges In The Asia Pacific Region

 

Enhancing The Role Of Deposit Insurance Of Vietnam In Restructuring Credit Institutions In Vietnam

The 14th  National Assembly of the Socialist Republic of Vietnam passed the Law amending and supplementing a number of articles of the Law on Credit Institutions at the 4th session, it provides an  important and clear legal framework for the implementation of measures proposed in the Project on restructuring credit institutions in association with the settlement of non-performing loans (NPLs) for the 2016-2020 period approved by the Government. Accordingly, the role of the Deposit Insurance of Vietnam (DIV) in ensuring legitimate rights and interests of depositors, assisting the recovery of credit institutions (CIs) placed under special control are enhanced.

Which model to apply for deposit insurance premium collection

In order to apply a differential premium system, every country has to take thorough considerations and plan for an appropriate conversion roadmap.

Overview of Deposit Insurance in India

The genesis of deposit insurance in India can be traced back to the enactment of Deposit Insurance (DI) Act, 1961, which came into force on January 1, 1962, establishing Deposit Insurance Corporation (DIC). The Reserve Bank of India also promoted a public limited company in 1971, named the Credit Guarantee Corporation of India Ltd. (CGCI) to operationalise the Credit Guarantee Scheme of the Government of India, which provided guarantee cover to the loans and advances granted by the credit institutions to small and needy borrowers covered under the priority sector.  With a view to integrating the functions of DI and credit guarantee, the above two organizations (DIC & CGCI) were merged and the present Deposit Insurance and Credit Guarantee Corporation (DICGC) came into existence in 1978. DICGC is second oldest DI agency after the FDIC. As no credit institution was participating in any of the credit guarantee scheme administered by DICGC, the scheme was discontinued in 2003 and currently DI remains the principal function of the Corporation.

Interview with Ms Pham BaoKhanh, Deputy General Director of Deposit Insurance of Vietnam: first time in Vietnam there exists a regulation on data collection and reporting of insured deposits

On 15th December 2017, the Deposit Insurance of Vietnam (DIV) promulgated a Regulation on the data collection and reporting of insured deposits. The Banking Times reporter interviewed Ms Pham BaoKhanh - Deputy General Director of the DIV aboutthe Regulation and its implementationplan in the coming time. 

 

Implementation of deposit insurance policy in Ha Nam - meeting public demand

"Throughenhancing the effectiveness of deposit insurance (DI) policy, the system of credit institutions in Ha Nam provincehas beenoperating stably, which contributes to the development of the rural economy and the improvement of people’s living standard, "- said Mr. Nguyen Van Hieu - Director of the State Bank of Vietnam (SBV) Branchin Ha Nam Province.

Deposit insurance policy – Supporting development of People’s Credit Funds in Quang Ngai province

Quang Ngai is one of 5 central coastal provinces (together with Binh Dinh, Quang Nam, Da Nang, and Thua Thien – Hue) whose insured institutions under the management of the Deposit Insurance of Vietnam (DIV)’s branch in Da Nang. The leaders of this branch told that compared to the 4 rem aining provinces, Quang Ngai is not the most economically developing province but it enjoys a large and outstretching area, with the People’s Credit Funds (PCFs) quantity not high but quite good in terms ofgrowth rate.

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