The events hold at localities attracted hundreds of representatives from the State Bank of Vietnam (SBV) local branches, leaders of commercial banks, people’s credit funds, depositors as well as press agencies in the local areas. That was the first time the DIV had organized a conference aimed for People’s Credit Funds.
The events are great chances for relevant agencies and individuals to understand more about the DIV’s role of protecting legitimate rights of depositors, contributing to maintaining financial stability, ensuring the safe and sound development of the banking sector, then enhancing the confidence of depositors and encouraging local socio-economic development. Also, the DIV took its chance to understand desires of local depositors and relevant agencies so that it may have timely recommendations to the SBV on necessary adjustments of legal framework to submit to the Prime Minister to better fulfill its roles.
At the events, the participants were provided with basic information of the current DI policies, the DIV’s operations and the Financial Sector Modernization & Information Management System project (FSMIMS) funded by the World Bank.
The participants also discussed the DI coverage limit and premium, then suggested some solutions to strengthen the coordination between the DIV and the SBV local branches, and insured institutions in the localities.
The leaders of the SBV local branches, insured institutions and local authorities highly appreciated the DIV’s role in coordinating with the SBV in the past years to create a favourable condition for the development of People’s Credit Funds system; raising public confidence in the insured institutions.