Trang Chủ
The Conference was honored to welcome the presence of many distinguished guests including Ms. Ngo Thi Hong Ninh - Deputy Chief of Office, Party Committee Office of National-level State-Owned Enterprises' Group; Ms. Le Thi Dung - Deputy Director General of the Department of Banking Inspection and Supervision I (Department I) - Banking Supervision Agency, State Bank of Vietnam (SBV); Mr. Nguyen Thanh Thao – Director of the Digital Policy Division, National Authority of Digital Transformation, Ministry of Information and Communications; Mr. Nguyen Huu Nguyen - Representative of the Southern region Digital Technology Sector; Mr. Nguyen Duc Tuan - Director of Vietnam Cybersecurity emergency Response Teams/Coordination Center (VNCert/CC), Authority of Information Security, Ministry of Information and Communications; Mr. Ngo Tuan Khanh - Former Controller of the DIV.
From the DIV, key participants included Mr. Pham Bao Lam - Chairman of the Board of Directors and members of the Board of Directors; Mr. Vu Van Long - Deputy General Director in charge and members of the Board of Management; Mr. Ha Hong Son - Standing Deputy Secretary of the Party Committee; Controllers; representatives of the Party Committee, Trade Union, Youth Union, and leaders of Headquarters' departments; members of the Board of Management and department directors of branches of the DIV.
Ensuring successful accomplishment of the first half of the year 's operations
Regarding core operations, Mr. Vu Van Long emphasized that the DIV has committed to effectively fulfill its assigned functions and tasks, focusing on core tasks such as investigating and rejecting policy mechanisms and improving management systems. Recently, the DIV has closely coordinated with relevant parties to continue studying and amending amendments and supplements to the Law on Deposit Insurance. The DIV also approved the issuance of 23 administrative and executive documents, including 11 revised, supplemented, replaced, or newly issued documents to facilitate the implementation of the provisions of the Law on Credit Institutions (2024) and simultaneously researched and developed the DIV's Digital Transformation Plan to 2025, with an orientation to 2030.
Under the close guidance of the supervisors, the DIV's Board of Directors has directed its departments to decisively implement the assigned tasks and overseen significant achievements, such as: (i) The DIV's total operating capital reached 117.8 trillion VND (a nearly 15% increase from the same period in 2023); (ii) The operational reserve fund reached over 111 trillion VND (an increase of 15.7% compared to the same period in 2023); (iii) The DIV completed the examinations of 109 out of 253 public institutions according to the periodic examination plan and 23 out of 75 people's credit funds (PCFs) at the requests of the SBV; (iv) The DIV's staff joined the Special Control Board to manage and assess the judgments of recovery plans for a couple of PCFs placed under special control; (v) The DIV wafted deposit insurance premiums for 35 insured institutions placed under special control, etc.
Additionally, the DIV has effectively implemented its core operations. Since the beginning of the year, the DIV has been granted 201 copies and regranted 03 certificates of deposit insurance participation. The DIV also ensures that the revocation and revocation announcement of certificates of deposit insurance participation were conducted in a timely manner and compliance with legal regulations. Supervision has been continuously and regularly performed for 100% of announced institutions, especially for troubled PCFs, with timely reports and recommendations submitted to the SBV.
Public dissemination of deposit insurance policies has consistently aligned with the Development Strategy of Deposit Insurance, focusing on proposals to amend and supplement the Law on Deposit Insurance, new regulations from the SBV related to depositor protection policies, as well as new contents of the Law on Credit Institutions (2024). Additionally, to secure financial resources to protect depositors, the DIV has also effectively managed the collection of deposit insurance premiums, actively expediting, guiding, and resolving issues related to the calculation and payment of deposit insurance premiums. In the first six months of the year, although no reimbursement obligations arose, the DIV still proactively managed troubled credit institutions placed under special control and prepared their reimbursement plans.
At the Conference, presentations focusing on key issues related to the DIV's activities in 2024 were delivered, such as: "The DIV develops and implements a plan to enforce regulations of the Law on Credit Institutions (2024); reviews and proposes amendments and supplements to the Law on Deposit Insurance"; and "Challenges and solutions in implementing examination as requested by the SBV."
In his statement, Mr. Pham Bao Lam praised the DIV for its achievements in the first half of the year and approved its key tasks for the last six months of 2024. The Chairman also welcomed and acknowledged the practical, dedicated, and feasible contributions, recommendations, and solutions from the departments and branches.
In addition, Mr. Pham Bao Lam highlights several important tasks in the upcoming period, such as continuing to coordinate with relevant agencies in the process of drafting amendments and supplements to the Law on Deposit Insurance; studying and reacting measures to enhance the DIV's financial capacity to effectively participate in the resolution of troubled credit institutions and the restructuring process of the PCF system; implementing the detailed Action Plan of implementing the Deposit Insurance Development Strategy in 2024 and fulfilling tasks assigned in the Banking Sector's Action Plan; approving the DIV's Digital Transformation Plan to 2025, with an orientation to 2030 and developing the DIV's electronic office system; completing and submitting to the SBV the DIV's draft Business and Investment Development Plan for the period 2025-2029; reviewing, updating, supplementing, and replacing administrative and executive documents in 2024 according to current regulations.
To accomplish the key tasks according to the proposed plan, Mr. Pham Bao Lam called for the entire management board and employees of the DIV to work together to complete assigned tasks with higher standards and targets. Through these efforts, the DIV aims to affirm its role in protecting the legitimate rights and interests of depositors and contributing to the safe and sound development of the banking system.
On the sidelines of the Conference, representatives of the National-level State-owned Enterprises' Bloc and the DIV's management board awarded certificates of merit to groups and individuals for their achievements in PCF examination as directed by the Governor of the SBV for the 2019-2023 period.
On the same day, the DIV organized a seminar on digital transformation and cybersecurity. The content presented at the seminar garnered interest from the delegates, helping top executives and department leaders update relevant policy information and providing foundations for formulating directives and operational strategies to promote the digital transformation process, enhance cybersecurity, and prevent risks arising from security emerging in the organization.
In the latter half of 2024, the DIV is committed to comprehensively, synchronically, and effectively implement its activities, focusing on:
First, better implementing the business, financial, and labor-wage plans for 2024 approved by the SBV.
Second, ensure full compliance with legal regulations and achieving targets assigned by the SBV of activities such as granting and revoking certificates of deposit insurance participation, calculating and collecting deposit insurance premiums, and managing and investing the temporarily idle fund.
Third, continuing to supervise 100% of public institutions and ensure the completion of 100% of the DIV's periodic examination plans as directed by the SBV Governor in 2024 . This includes continuously monitoring, analyzing, and compiling information to enhance the early warning capabilities for potential risk threatening the safety of the credit institution system, contributing to the effective implementation of tasks assigned under Directive No. 06/CT-TTg.
Fourth, actively studying the Law on Credit Institutions (2024) and hinting plans to undertake the DIV's new tasks in participating, supporting, and resolving troubled public institutions placed under special control.
Fifth, maintaining and effectively implementing Regulation for coordination and information exchange between the SBV's provincial branches and the DIV's regional branches.
Sixth, continuing to diversify the methods and content of public awareness campaigns about deposit insurance policies, ensuring those policies reach the public, and enhancing depositors' confidence in the financial and banking system.
Research and International Cooperation Department (translation)
