Trang Chủ
The year 2022 is an important year, affirming the positive recovery process and safe, flexible and effective adaptation to the Covid-19 epidemic, especially in the context of the world and regional situation has complex and unpredictable changes. Many unprecedented developments, beyond the forecasting ability of international organizations and countries, are very different from the time when the Socio-Economic development plan was formulated in early 2022, such as: Competition strategy between major countries is increasingly fierce; protracted Russia-Ukraine conflict; world inflation increased, interest rates increased, monetary policy tightened, international dollar appreciated strongly... Domestically, prices of gasoline and some commodities fluctuated; high inflation pressure and unfavorable movements of corporate bond market, real estate market have had a strong impact on monetary and banking activities.
The SBV has made a very specific and comprehensive assessment report on all aspects of the banking industry's operations in 2022. Some key features can be reviewed as follows:
With the initiative, flexibility and anticipation of the negative impacts of objective factors both at home and abroad, under the close and right direction of the Government, the Prime Minister, the banking industry has responded and managed the monetary policy firmly, prudently, flexibly and basically well, synchronized the credit growth targets, stabilized the exchange rate and ensured the liquidity of the banking system, contributing to the control of the inflation at a low level and maintained macroeconomic stability, promoting growth.
The banking industry has made great efforts to implement many solutions to ensure credit supply for the economy, diversify credit products to support businesses and people to overcome difficulties and restore production and business such as expanding the credit growth limit, concentrating credit capital on production and business sectors and a number of priority areas where credit growth is higher than the overall credit growth rate of the system; strictly controlling credit for potentially risky sectors; actively and proactively implementing many policies to support difficult areas. At the same time, the banking industry continues strong administrative reforms, especially simplifying credit and banking processes and procedures, creating favorable conditions for credit institutions to operate safely, healthily, and efficiently and businesses and people have easier access to banking services at lower costs.
Financial capacity, governance of credit institutions is increasingly enhanced. SBV actively directed and implemented plans to supplement charter capital to improve financial capacity for state-owned commercial banks and other credit institutions. Credit institutions actively implemented Basel II to meet international practices and conditions of the Vietnamese market. The restructuring work associated with non-performing loan settlement in the 2021-2025 period has been actively implemented, drastic resolution have focused on weak banks, minimizing negative impacts on the banking system and the economy.
The legal framework on monetary and banking system has been actively improved, in which, the SBV has submitted and approved the Law on Anti-Money Laundering in the 5th session of the XIV National Assembly. Digital transformation, application of information technology and non-cash payment continue to have strong development, bringing many benefits to people and businesses. International cooperation and integration issues, including currency manipulation, are handled flexibly, skillfully and effectively by the SBV in close coordination with relevant ministries and sectors.
The overall result of the banking industry has received positive contribution from the DIV. In the specific results for 2022 of the DIV, the following key points can be highlighted:
DIV has exceeded the business plan and financial plan assigned by the SBV. Total assets and professional reserve fund continue to grow well. This will be a financial resource to help the DIV to better protect depositors and be ready to participate in restructuring the credit institution system through its financial support. In the third quarter of 2022, the SBV reported and submitted to the Prime Minister on the adjustment and addition of charter capital from the settlement value of the FSMIS project to the DIV in order to create conditions for the DIV to be proactive in financial resources to better protect depositors.
DIV has actively coordinated closely with units of the SBV and related agencies to agree on a number of key policies in the proposal to amend and supplement a number of articles of the Law on Deposit Insurance. This is an important task in the orientation and implementation of the DIV’s tasks in the coming time, together with finalizing the draft Strategy on deposit insurance development to 2025, with orientation to 2030. On December 30, 2022, Deputy Prime Minister Le Minh Khai signed Decision No.1660/QD-TTg approving the Strategy. At the same time, the DIV has actively implemented digital transformation with the issuance of a Resolution and the establishment of a Steering Committee on digital transformation, setting up technology infrastructure according to business modules. This is an important step to modernize all professional activities as well as internal operations on the basis of new technology, so that the DIV can keep up with the 4.0 science and technology revolution with foresight, transparency and effective.
DIV has actively participated in the process of restructuring weak credit institutions through monitoring, in-depth examination and proposing resolution solutions to weak people's credit institutions; well performed the tasks assigned in the Program and plan for the implementation of Directive No.06/CT-TTg dated March 12, 2019 of TTCP and the Project on strengthening and developing the People's credit fund system until 2020, with orientations to 2030.
Other aspects of work such as administration, management, examination, supervision, professional processes, finance, accounting, information and communication, personnel, training, unions.... continued to be innovated, perfected, improved and achieved many positive results, creating favorable environment and conditions for DIV to fulfill its assigned tasks and develop safely, healthily and effectively.
Although the year 2022 is a year with many difficulties and challenges for the country and the banking industry, the DIV has basically fulfilled its assigned tasks and continued to have many innovations in all aspects of its operations, positively contributed to the overall performance of the sector, especially in the restructuring and resolution of weak PCFs.
In the coming time, the difficulties and challenges posed to the banking industry in general and the DIV in particular will require the deposit insurer to make more efforts and determination in carrying out the assigned political tasks.
Therefore, in addition to the tasks stated in the report, in 2023, the DIV needs to pay attention to the following key tasks:
Firstly, to study, coordinate and clearly define roles and responsibilities in restructuring and resolution of troubled credit institutions; actively and collectively focus on making the DIV one of the units that play an important role in supporting the security and safety of capital; use the residual fee source to support the restructuring of credit institutions…
Secondly, organize the implementation, strive to well complete the approved financial plan, business plan in 2023 and tasks assigned by the SBV.
Thirdly, closely coordinate with the relevant units of the SBV to complete the submission to the competent authorities for approval of the key contents of the deposit insurance such as: (i) The five-year business plan of the DIV; (i) amending and supplementing the Law on Deposit Insurance; (iii) Improve the financial capacity of the DIV through diversification of forms and investment portfolios.
Fourthly, implementing the Prime Minister's Decision approving the Strategy on deposit insurance development, the deposit insurer urgently develops an action plan to implement the contents of the Strategy.
Fifthly, continue to actively participate and coordinate with the SBV in the process of restructuring and resolving weak people's credit funds and developing regulations on coordination and information exchange between the SBV's branches in provinces and cities and the DIV in order to improve the effectiveness of the supervision of PCFs. Continue to well implement the direction of the SBV in examining people's credit funds.
Sixthly, innovate and improve efficiency, further promote digital transformation activities, apply technology in direction and administration, contributing to the realization of the objectives of the new Strategy approved by the Prime Minister.
Seventhly, diversify forms of communication, effectively use digital communication methods to disseminate policies, banking activities, deposit insurance policies to depositors. In particular, focus on communicating the deposit insurance policy during the implementation phase of the policy proposal, amending and supplementing a number of articles of the Law on Deposit Insurance and implementing the Strategy on deposit insurance development to raise public awareness.
It is hoped that the collective leadership, officers, and employees in the whole system of DIV will always be aware of their roles and responsibilities, and work together to strive to fulfill the assigned tasks, gradually improve the financial capacity, role and position of the deposit insurer, thereby contributing more and more to the development of the banking industry as well as better protecting the legitimate rights and interests of the depositors, worthy of the role of a specific State financial institution established by the Prime Minister.
