Deposit insurance policies dissemination at Vu Vinh people’s credit fund

11:28-12/06/2017

On March 9th, 2017, at the General Meeting of shareholders in the 2017-2022 tenure  held at Vu Vinh People’s Credit Fund in Vu Thu District, Thai Binh province, the Deposit Insurance of Vietnam (DIV)’s North East regional branch held a session to disseminate DI policies.

The meeting was attended by Mr. Dinh Ngoc Thach – Director of the State Bank of Vietnam (SBV) provincial branch in Thai Binh; Mr. Cao Viet Ngoan – Director of Co-op Bank’s branch in Thai Binh province; Ms. Luu Thi Chi – Chairwoman of Cooperative Alliances in Thai Binh province, representatives from the local authorities and more than 200 members in the operating area.

Targeting depositors in rural areas, some video clips on the theme of deposit insurance policies were played to introduce major contents of DI policies and benefits of depositors. At the same time, booth was set up to give explanation to participants and distribute documents, leaflets, PR products.

Speaking at the meeting, Mr. Dinh Ngoc Thach - Director of the State Bank of Vietnam (SBV) provincial branch in Thai Binh highly appreciated  tools and methods of DI policies communication, especially through the video clips of which topics were closely related to depositors. He suggested that these clips would improve the participant’s understanding on black credit (shadow banking activities), timely reported to SBV for corrective actions and contributed to ensuring local monetary security.  Mr. Dinh Ngoc Thach also insisted that DIV’s dissemination on deposit insurance policies at the Shareholder’s General Meeting at local credit institutions worked effectively, brought the policies close to the people and should be replicated at other institutions.

Mr. Le Viet Dang, Director of Vu Vinh People’s Credit Fund said that in order to disseminate DI policies in a broader and deeper manner, each participant should be an advocate for DI policies. He also expected that DIV would continue to promote PR activities in rural areas and facilitate the local capital mobilization.

Translated by the DIV’s Research and International Cooperation Department