Trang Chủ
Governor of the State Bank of Vietnam – Ms Nguyen Thi Hong, leaders of the State Bank of Vietnam, the Party Committee of National-level State-Owned Enterprises’ Group and various ministries and agencies posing for a commemorative photo with the leaders of the Deposit Insurance of Vietnam.
Governor of the State Bank of Vietnam – Ms Nguyen Thi Hong, leaders of the State Bank of Vietnam and the Party Committee of National-level State-Owned Enterprises’ Group posing for a commemorative photo with former and current leaders of the Deposit Insurance of Vietnam.
Attending the conference were Ms. Nguyen Thi Hong, Member of the Party’s Central Committee, Secretary of the Party’s Designated Representation, Governor of the State Bank of Vietnam (SBV); Mr. Nguyen Duc Phong, Standing Deputy Secretary of the Party Committee of the National-level State-Owned Enterprises’ Group; Mr. Nguyen Manh Hung, Member of the Inspection Commission under Party Central Committee; Mr. Nguyen Duc Chi, Deputy Minister of Finance; Mr. Mai Luong Khoi, Deputy Minister of Justice; along with leaders from various departments of the Inspection Commission under Party Central Committee, Organization Commission under Party Central Committee, Internal Political Commission under Party Central Committee; Other attendees included Directors General and equivalent leaders from SBV units; representatives from SBV branches in various provinces and cities; leaders of departments within the National Assembly Committee on Economy, Ministry of Finance, Ministry of Justice, Ministry of Home Affairs, the State Audit of Vietnam, and A04 under the Ministry of Public Security; representatives of the Vietnam Banking Trade Union; and leaders of several commercial banks and businesses within the banking sector, as well as representatives of central and Hanoi-based press and media agencies.
From the Deposit Insurance of Vietnam (DIV), attendees included Mr. Pham Bao Lam, Member of the Party Committee of the National-level State-Owned Enterprises’ Group, Secretary of the Party Committee, Chairman of the Board of Directors, and other members of the Board of Directors; Mr. Dang Duy Cuong, Deputy Secretary of the Party Committee, Member of the Board of Directors, General Director, along with other members of the Management Board, controllers, and several former senior leaders of the DIV; Directors of the DIV’s regional branches, and representatives from the Party Committee, Trade Union, Youth Union, and leaders of departments at the DIV’s Headquarters.
In his opening remarks, Mr. Pham Bao Lam, the DIV’s Chairman of the Board of Directors, noted that since its establishment, the DIV has consistently fulfilled its assigned tasks of building its policy framework while realizing its objectives to protect the rights of depositors, contributing to the stability of the credit institution system and ensuring the safe and sound development of banking activities. Over 25 years of development, the DIV has expanded its operational network and cultivated a skilled and dedicated human resource, enabling it to better fulfill its political mandates entrusted by the Party and the State.
“The 25th Anniversary Meeting is organized to express our gratitude for the close guidance and timely support of the Government, the State Bank of Vietnam, the Party Committee of the National-level State-Owned Enterprises’ Group, and various ministries and agencies, as well as to recognize the contribution of the DIV’s former and current leaders and staff. This event also provides an opportunity to review our performance over the past 25 years, to define the accomplishments that should be promoted and the limitations that need to be addressed as the DIV has been stepping into a new phase,” shared the DIV’s Chairman of the Board of Directors.
On behalf of the DIV’s Board of Management, Mr. Dang Duy Cuong, General Director, provided an overview of the DIV’s achievements over the past 25 years. From an initial charter capital of VND 1,000 billion, the DIV’s total accumulated capital has reached over VND 120 trillion, including more than VND 115 trillion in operational reserve funds, with the remainder as its charter capital. Through operations aligned with the life cycle of every credit institution, such as off-site supervision, on-site examination of compliance with deposit insurance regulations, as well as in-depth examination as directed by the SBV, assignment of staff to participate in Special Control Boards and join the conservatorship of weak people’s credit funds, payment of insurance claims to depositors, and dissemination of deposit insurance policies, the DIV has significantly contributed to ensuring the safety of credit institutions and strengthening depositors’ confidence in the banking system.
Looking to the future, the DIV has outlined several strategic directions, including focusing resources to review policies and proactively advising the SBV in proposing amendments to the Law on Deposit Insurance for submission to the Government and the National Assembly; implementing a comprehensive set of tasks and solutions to achieve the objectives set out in the Development Strategic Plan for Deposit Insurance through 2025, with a vision towards 2030 that was already approved by the Prime Minister; enhancing the efficiency of internal governance, prioritizing training and development of human resources, and promoting digital transformation and IT application across all operations.
In her directive speech at the meeting, on behalf of the leadership of the SBV, Governor Nguyen Thi Hong commended and congratulated the DIV on its achievements over the past 25 years. The Governor remarked: "The DIV was established in the context of economic transition in the country when the banking system was still in its infancy and risks were present. With the mission to protect the legitimate rights and interests of depositors and contribute to the stability of the credit institution system, the DIV has gradually improved its organizational structure and operational mechanisms, enhanced its financial capacity, and affirmed its role in the development of the banking sector."
The Governor also praised and encouraged the DIV's relentless efforts to develop and take on new tasks while pointing out the tasks that the DIV should focus on in the coming period. In particular, the Governor emphasized that the DIV should continue strengthening its research activities and providing recommendations to relevant authorities to improve the legal framework with the aim of building an advanced deposit insurance system that aligns with international practices and is suited to Vietnam's context (please refer to the article "Deposit Insurance of Vietnam aims to become an advanced deposit insurance model, in line with international best practices, for effectively participating in the restructuring of the credit institution system").
On behalf of the entire the DIV system, Mr. Pham Bao Lam – Chairman of the Board of Directors - expressed gratitude for the attention and close guidance of the SBV leadership and Governor Nguyen Thi Hong. He affirmed that the DIV would fully absorb, comprehend, and act upon the Governor's directives through specific and practical actions to successfully fulfill its mission of protecting the legitimate rights and interests of depositors, contributing to the safety of the banking system.
“Entering a new chapter in our development history, the leadership team, staff, and employees of the DIV will unite, work together, and promote our achievements of the past 25 years. We are determined to achieve the goal of becoming a modern organization that aligns with international best practices, as directed by the SBV and according to the Development Strategic Plan for Deposit Insurance through 2025, with a vision towards 2030, as approved by the Prime Minister,” emphasized Mr. Pham Bao Lam.
On this occasion, SBV’s Governor Nguyen Thi Hong presented a Certificate of Merit to the DIV. Mr. Nguyen Duc Phong, Standing Deputy Secretary of the Party Committee of the National-level State-Owned Enterprises’ Group, also presented flowers to congratulate the DIV, recognizing and honoring its outstanding contributions in the examination of the people’s credit funds system.
Department of Research and International Cooperation (translation)
