Trang Chủ
Mr. Dang Thanh Binh - Deputy Governor of the State Bank of Vietnam
DIV is an important link in the financial safety net
Although 2012 was a tough year for the banking system, DIV still made an important contribution to the implementation of banking industry’s common tasks. This is a solid basis for the operational activities in 2013. However, 2013 will still be a difficult year with risks causing instability for the banking system. Restructuring of the credit institutions will take place drastically, not only with small institutions but also with large ones. Thus, DIV plays a role as an important link in the financial safety net.
I agree with DIV’s summary report which presented adequate and specified achievements; precise orientations and tasks for 2013 but the most important thing is how to carry out them.
In the next time, the regimes, documents guiding the implementation of the Law on Deposit insurance will be issued. DIV need to contribute actively to this process, to coordinate with the State Bank of Vietnam (SBV) in supervising and resolving the credit institutions’ problems, to share with SBV DIV’s researches. Besides, DIV also needs to enhance coordination with SBV; strengthen its internal solidarity. Over the past 12 years, DIV has established a fairly good internal management regime, but this needs to be improved further, especially in the context that the documents guiding implementation of the Law on Deposit insurance are being prepared.
Mr. Ha Huy Tuan – Vice Chairman of National Financial Supervisory Commission (NFSC):
Hope for closer cooperation between NFSC and DIV to attain more achievements
As a partner in cooperating, exchanging information, jointly doing research and sharing with NFSC regularly on various spheres, in the last year, despite difficulties, DIV tried its best to fulfill assigned tasks, showing strong improvement over time. The consolidation of legal basis could be regarded as a good start, therefore, let me express some hopes for 2013:
Firstly, the legal framework will be entirely reinforced. Entering the new period, hopefully, the detailed guidelines for the implementation of the Law will be designed in a constructive manner to enhance effectiveness of deposit insurance system within the national financial safety net.
Secondly, the technological infrastructure will be upgraded, especially information security is very important. Hopefully, the information management system will be improved and more efficient.
Thirdly, the organizational structure of DIV will be strengthened to enhance the operations of DIV.
Fourthly, the improvement of legal basis and technologic infrastructure will form a solid foundation for professional operations to be promoted and exploited at the maximum level.
In 2013, given numerous challenges confronting global economy and Vietnamese economy, particularly the banking and financial sector, I hope that NFSC and DIV will have closer cooperation to attain more achievements in 2013.
Mr. Nguyen Van Thanh – Chairman of the Board of Directors of DIV
9 main tasks in 2013
In 2013, Vietnam economy in general and the banking sector in particular will continue to face with a lot of difficulties and challenges. This is a hinge year to create stability and development for the following years. The tasks of the banking industry are very difficult, among which priorities will be restraining inflation, stabilizing macro economy, boosting up economic growth and continuing to restructure credit institution system. Thus, the objectives for DIV in 2013 are to continue improving legal basis, organizational structure, and operational effectiveness and enhance quality of professional activities toward long-term and sustainable development. To achieve these objectives, DIV will focus on the following tasks:
1. Together with the SBV and other agencies actively taking part in drawing up the documents guiding implementation of the Law on DI, contributing to completing the legal foundation in order to deploy deposit insurance operations effectively.
2. Enhancing the effectiveness of governance, management, strengthening the leadership and improving the organization in accordance with the documents guiding implementation of the Law on DI.
3. Comprehensively implementing the operations which are stipulated in the Law on DI and the documents guiding implementation of this Law.
4. Reviewing, amending and newly issuing DIV’s administration documents, regulations, procedures in accordance with the guiding documents.
5. Promptly completing, upgrading infrastructure: basic construction works for Head Office and Southern Central & Central Highlands Regional Branch, information management system and applied software; carrying out Project on “Financial Sector Modernization and Information Management System” (FSMIMS)-DIV component to ensure quality and meet the schedule.
6. Proactively researching, making proposals on financial and remuneration regimes for DIV to ensure the incomes of officers, employees in 2013 and the better in the next years.
7. Enhancing the quality of internal supervision, control and audit.
8. Working out the Regulation on coordination between the DIV’s Party Committee and the Board of Directors; the Regulation on coordination between DIV’s operations and trade union; strengthening the role of the Party unit, the trade union in the management of DIV; creating the favorable conditions for unions to operate efficiently.
9. Strengthening and enhancing the role of the Board of Directors; the functions of Board of Management; ensuring the principle of democratic centralism, openness and transparency in governance - management, all for the sake of DIV’s development.
Mr. Bui Khac Son – General Director of DIV
Determined to implement the tasks assigned by the Party and the State
In 2012, upon the comprehensive and synchronous implementation of operations in all departments of the Head Office and Branches, two main tasks of DIV were performed well, namely protecting the interest of depositors (more than 30 millions depositors) without any obstacles and complaints from the depositors and contributing to assuring the safety and soundness of the banking system. This was the most remarkable achievement in the DIV’s operations. This success can be attributed to the roles of SBV, the related ministries, agencies as well as the leadership of the Board of Directors, the Party Committee and the Board of Management of the DIV and determination of each officer in the entire DI system in fulfilling the assigned tasks. These results made contributions to helping the banking system to overcome the difficulties, challenges in 2012 in order to stay firm, implement restructuring and reforms and further improve operational effectiveness.
Off-site supervision and on-site examination contributed to developing a reporting system and assessing the situations of the insured institutions, based on which recommendations were made to the related authorities, the insured institutions in order for these institutions to minimize or avoid risks warned by the DIV.
Concerning the improvement of the financial capacity, it was a considerable effort by the DIV to well manage DI premium collection as well as the capital allocated by the State. Specifically, the financial capacity of DIV was increased by about 30% adequately meeting requirements.
The information about DIV and deposit insurance policy was better known to and followed by people living in the rural and remote areas. It shows that the deposit insurance policy has really worked and withdrawn attention from the public, helping them to further understand the concerns of the Party and the Government, and be more confident in the financial banking system.
The activities related to finance and accounting, legal affairs, information technology, internal control and audit, office administration…were carried out comprehensively and efficiently.
In 2012, DIV was supported by the Party, the ministries and SBV in strengthening organizational structure, senior officials and entered a new period with the a solid legal foundation, in order to focus on operations.
The common achievements of DIV were also the individual achievements of each staff member. All activities from doing applied research to coordinating with SBV, ministries in building the Law on Deposit Insurance as well as the documents guiding the implementation of the Law aimed to help DIV to fulfill its mission.
Being fully aware of difficulties, existing problems in the past year, in 2013, DIV will be determined and do its utmost to accomplish the tasks assigned by the Party and the State.
