Dear Colleagues!
The Deposit Insurance of Vietnam was established in 1999 as a state-owned financial institution operating with non-profit objectives to protect the legitimate rights and interests of depositors, contribute to maintaining the stability of credit institutions and ensuring the safe and sound development of banking operations. With the primary legal foundation of the Decree No. 89/1999/ND-CP, the deposit insurance policy was subsequently codified by the Law on Deposit Insurance in 2012, establishing the highest legal framework for the Deposit Insurance of Vietnam to better fulfill its assigned roles, functions, and tasks.
After 25 years of development, with the determination, unity, and unwavering efforts of many generations of leaders and employees, the Deposit Insurance of Vietnam has grown steadily with a developing workforce and stably upgrading financial capacity. These have enabled the Deposit Insurance of Vietnam to be ready and active in fulfilling its assigned functions and tasks, particularly in reimbursing depositors, restructuring troubled credit institutions, and supporting the State Bank of Vietnam in the examination and supervision of people's credit funds.
The achievements of the Deposit Insurance of Vietnam over its 25-year operation have affirmed its vital role as a state-owned financial institution via contributing to bolstering depositor confidence, maintaining the stability of the credit institution system, and ensuring the safe and sound development of banking activities. On behalf of the Communist Party’s Designated Representation and leaders of the State Bank of Vietnam, I would like to commend and congratulate the remarkable accomplishments of all generations of leaders and employees of the Deposit Insurance of Vietnam over the past 25 years.
Dear Colleagues!
Our nation has been embarking on a new stage of construction, defense, innovation, and international integration, along with higher demands and increasingly complex difficulties that pose more challenges to the banking industry as well as the Deposit Insurance of Vietnam. The Law on Credit Institutions 2024 has elevated the role and tasks of the Deposit Insurance of Vietnam, particularly in the restructuring of credit institutions. Moving forward, the Deposit Insurance of Vietnam needs to focus on researching, proposing, and actively participating in the development of the Law on Deposit Insurance (amended) so that it would provide sufficient legal framework for the Deposit Insurance of Vietnam to improve its financial capacity and operational efficiency for better supporting the restructuring of credit institutions. On the other hand, the Deposit Insurance of Vietnam should persistently nurture and expand international cooperation activities to learn from the best practices and flexibly apply them to Vietnam's context.
I am hopeful that the Deposit Insurance of Vietnam's current generation of leaders and employees will continue to promote the spirit, intelligence, solidarity, innovation, creativity, development, and integration that have characterized the Deposit Insurance of Vietnam for the past 25 years and strive to complete the goals and tasks outlined in the Deposit Insurance Development Strategy to 2025, with orientations to 2030 and beyond, soon tranform the Deposit Insurance of Vietnam into a large and modern financial institution aligned with international standards, positively contributing to the ongoing innovation, development, and integration of the banking industry and the country.
I wish you all good health, happiness, and success!
Sincerely,
Nguyen Thi Hong
Member of the Central Executive Committee of the Communist Party of Viet Nam
Secretary of the Communist Party of Designated Representation of the State Bank of Vietnam
Governor of the State Bank of Vietnam