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.
One of the important tasks set in the Development Strategy of Vietnam Banking Sector to 2025 with orientations to 2030 is: to set up a mechanism to support credit institutions (CIs) which are assigned to assume, manage weak CIs and CIs participating in the restructuring process; to set up an early warning system, a mechanism for systemic crisis management and resolution of CIs which are potentially highly risky, ensuring the intervention power of the State Bank of Vietnam (the SBV) to protect the safety of the system and deposits of the public; to amend, supplement regulations on dealing with cross-ownership, preventing abuse of management, execution powers, large shareholders’ rights to control operation of CIs; to improve the legal framework for merger, integration, bankruptcy of CIs.
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Editor in chief: Dr. Dao Quoc Tinh
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