DIV, University of Economics and Business hold meeting to promote deposit insurance policy to students - potential depositors

08:14-20/04/2017

On September 29th, 2016, the Deposit Insurance of Vietnam (DIV) and University of Economics and Business, Vietnam National University (VNU-UEB) jointly held a meeting to share knowledge on deposit insurance (DI) policy.

This event was a part of the DIV’s activities to share and disseminate DI policies in a broad and deep manner, especially among students. The event attracted the attention and participation of lecturers and nearly 150 students at VNU-UEB .
Among the participants were Mr. Nguyen Minh Tuan - Director of Hanoi Branch, the State Bank of Vietnam (SBV); Ms. Nguyen Lan Anh - Editor-in-Chief of the Banking Times; Mr. Dao Anh Tuan - Head of Credit Division for students and other beneficiaries of Vietnam Bank For Social Policies.
Representatives from VNU-UEB were Assoc.Prof. & Dr. Nguyen Hong Son - Rector; Dr. Tran Thi Thanh Tu - Dean of Faculty of Finance and Banking; and Mr. Le Trung Thanh, Head of Scientific Research and Development Cooperation Unit.
Representatives from DIV were Mr. Nguyen Quang Huy - Chairman of Board of Directors (BoD), Mr. Ngo Quang Luong - Deputy General Director, Ms. Pham Bao Khanh - Deputy General Director and Mr. Dinh Doan Thanh – BoD Controller.


Mr. Nguyen Quang Huy delivered his speech at the meeting

In his opening remarks, Mr. Nguyen Quang Huy said, over the past few years, the DIV has attached importance to PR activities and dissemination of regulatory documents and DI policies  in order to raise the public awareness, ease the anxiety and reinforce the confidence among depositors. It would therefore contribute to the stability of the financial and monetary market as well as the safe and sound development of the credit institutions’ system. Almost 17 years since establishment, the DIV has gradually affirmed its role in the renovation process and served as the SBV and the Government’s tool to protect depositor, contributed to maintaining the stability of the credit institutions’ system, and ensured the safe and sound operation of the banking system. The DIV has been a single and important Government financial institution in deposit insurance.

Mr. Nguyen Quang Huy expected that the graduates would start their career with sufficent knowledge of the DIV and deposit insurance, thus cooperate with DIV to promote DI policy in daily life.  “This event is held today in a frank and open manner. We would like to hear from the Board Members and students on DI policy. We also welcome and will answer any question on deposit insurance and the future orientation of your concerns” said Mr. Nguyen Quang Huy

According to Assoc.Prof, Dr. Nguyen Hong Son, the event co-hosted by VNU-UEB and DIV is aimed at making research activities more practical. Faculty of Finance and Banking is among those which draw VNU-UEB’s attention to enhance the quality, transfer the operation mechanism into a more socialized, high-quality one and keep it close to international standards.  VNU-UEB would soon launch the Master in Governance of Financial Institutions program. It is the newest  one in Vietnam which will be jointly managed by UEB and international universities and taught by foreign experts. In particular, VNU-UEB shall invite top experts in the country, including those from the DIV to give lessons. Assoc.Prof. and Dr. Nguyen Hong Son emphasized that “As the rector of VNU-UEB, I am honored to attend the event today and believe this is a significant chance for both lecturers and students not only to learn about DI policy but also about the DIV, therefore work out the research orientation towards more cooperation with the DIV”.

Mr. Nguyen Quang Huy and Mr. Nguyen Hong Son chaired the discussion with students

To enhance the understanding among attendees and students, Mr. Ngo Quang Luong –DIV's Deputy General Director, presented the overview of DI policy in general and the DIV operations in particular. Meanwhile, students were able to participate in the Q&A session with Mr. Nguyen Quang Huy and Mr. Nguyen Hong Son in order to understand more clearly some topics such as: DI premiums, coverage limit,  depositor protection policies, DIV’s resources, training activities offered by VNU-UEB.

Besides, representatives of Vietnam Bank For Social Policies introduced the credit program to support students living under challenging circumstances, partly cover expenses for studying and living during their college life. This is one of the most important policies in line with people’s expectations, the development trend, responsive to the Government’s message: "No student drop-out of university due to  financial difficulties".


Students talked to DIV’s representatives


To promote the engagement with students, the organizer also held a "small contest" on DI policy and the DIV through multiple-choice questions. Each question had four-choices, among which only one was correct. The contest triggered strong enthusiasm and excitement of students.
At the end of the event, many students said it was a good chance for them to better understand DI policies and DIV - the governmental organization to protect depositors – as well as the financial knowledge and the credit institution system in Vietnam.

 

The DIV’s Public Relations Department – Translated by V.D.H