In those early days, the Branch encountered various difficulties, such as: shortage of human resources (only 9 officers in total, transferred from the State Bank of Vietnam (SBV)); lack of facilities and work space; incomplete and asynchronous legal framework for DI operations, and lack of experience. Despite all difficulties and challenges, the Branch performed DI operations while setting up its organizational structure, Party cell and unions, etc. Since its early days of implementing DI operations and building relationship with local authorities, the SBV, and relevant agencies, the Branch has carried out DI operations in its covered areas, achieving positive results. The Branch’s organizational structure, consisting of the Management Board and 06 departments, has been strengthened. The total number of staff is 73 qualified and enthusiastic officers, of which 86% have high educational qualifications (11 master’s degree holders and 52 bachelor’s degree holders, mostly in finance – banking). The Branch’s Party cell was established in February, 2001, then, it was upgraded to a Grassroots Party Committee in September 2016, of which there are currently 27 Party members. Its Trade Union and Youth Union were established in July, 2001 and March, 2002 respectively, and these have been growing strongly and operating actively, contributing to the Branch’s overall achievements ever since. Moreover, in 2006, just only 6 years after its establishment, the Branch's office was built in a convenient location in the city center, with spacious work area and adequate equipment.
The Branch’s group photo taken in 2020
Over the past 20 years, the Branch has grown steadily in every aspect whilst all of its officers have always kept their persistence and determination. Thanks to its solidarity and creativity, the Branch has overcome all obstacles, fulfilled its assigned tasks such as: granting and revoking certificates of DI participation, supervision, examination, participation in special control, public awareness promotion, DI premium collection, reimbursement, etc. In particular, based on its experience in special control and dealing with trouble People's Credit Funds, the Branch has proposed the DIV's management board improve the system of administrative documents and internal regulations and suggested solutions in accordance with legal regulations when unprecedented cases happened. The Branch's achievements were gained thanks to the attention and direction of the DIV's Party Committee, Board of Directors and Board of Management, the close coordination with and support from the SBV provincial branches, the cooperation of public institutions, local government as well as the efforts of the Branch's officers. Thanks to the democratic, transparent and efficient system of governance and management, set up within the Branch, its officers are promptly and adequately updated on the guidelines and policies of the Party, the Government, the banking sector and the DIV. In addition, the Branch's officers are well-trained and possess good professional ethics. The Branch's performance has been enhanced by its activeness in developing and implementing work plans and assessing work results on a monthly basis. Through its operations, the Branch has helped to affirm the DIV's role in protecting the legitimate rights and interests of depositors, strengthen public confidence in credit institutions, and contribute to the stability of the credit institution system, the safety and soundness of banking operations and local economic development.
Khac Thinh – DIV Regional Branch in Ho Chi Minh City
Research and International Cooperation Department