Trang Chủ
In 2021, the Covid-19 epidemic broke out again, seriously affecting the macroeconomic situation and social life. However, with the initiative, flexibility and anticipation of the negative impacts of the epidemic, under the close and proper direction of the Government, the Prime Minister, the banking industry has well implemented the management of monetary policy and banking activities in order to control inflation and stabilize the macro-economy; at the same time, proactively monitoring the situation, focusing all resources on removing difficulties for production and business, supporting people and businesses affected by the epidemic, contributing to promoting economic recovery and the country's socio-economic development in 2021.
The results of the banking industry in the past year included the role of DIV as a state non-profit financial institution in protecting the legitimate rights and interests of depositors, contributing to maintaining the stable and healthy development of the credit institution system. Some of the main highlights could be named as follows:
Worked closely with units of the SBV to finalize and submit the proposal for approval of the DIV Development Strategy to 2025, with a vision to 2030; coordinate and propose amendments and supplements to the Law on Deposit Insurance and related regulations to help DIV participate more deeply and effectively in the restructuring process of credit institutions.
Completed the business plan and financial plan assigned by the SBV. Total assets and professional reserve fund continued to grow well with growth rates of 17% and 18.04 respectively.
Continued to deeply participate in the process of restructuring weak credit institutions through the supervision, in-depth inspection and proposed solutions for weak PCFs.
Other aspects such as administration, inspection, supervision, professional procedures, finance, accounting, communication, personnel, training, unions.... continued to be innovated and improved in the quality and achieved many positive results.
It can be affirmed that although 2021 was a year with many difficulties and challenges, the DIV has basically completed the assigned tasks and continued to have many innovations in all aspects of operations, making positive contributions on the overall performance of the banking industry, especially being very proactive and responsible in the restructuring and resolution of weak PCFs. On behalf of the Party Committee, the leaders of the SBV, I acknowledged and highly appreciated the results achieved by the DIV in 2021.
At the same time, I also agree and understand the difficulties mentioned in the report about the Prime Minister’s approval of the DIV development strategy, the limitation of investment portfolio of DIV under the Law on Deposit Insurance. The SBV's leadership would continue to pay attention to directing relevant units to closely coordinate on this matter. Also, I would like to request the DIV to proactively cooperate with relevant units of the SBV to speed up the handling of these issues.
Although the DIV’s results in 2021 are positive and remarkable, there are still many difficulties and challenges in the coming time, which requires the Board of Directors, the Board of Management and all officers of the DIV to unite and overcome such obstacles, strive to complete the assigned tasks in 2022, concentrating on a number of important tasks as follows:
Firstly, develop an action plan to implement the deposit insurance development strategy and carry out immediately after it is approved by the Prime Minister. Closely follow the Action Plan to implement the Development Strategy of the Banking Industry to 2025, with the orientation to 2030 and the National Financial Inclusion Strategy to 2025, with the orientation to 2030.
Secondly, propose to amend and supplement the Law on Deposit Insurance in the period of 2021-2025 with a view to completing the deposit insurance policy in line with international practices, striving to have more mechanisms for improving deposit insurer’s financial capacity and participating more deeply in the process of restructuring credit institutions by 2030. DIV must try to really become an effective tool of the Government and the SBV in handling weak credit institutions.
Thirdly, continue to actively coordinate with the SBV in the process of restructuring weak People's Credit Funds and building regulations on coordination and information exchange between the SBV provincial branches and the DIV in order to improve the effectiveness of People's Credit Funds supervision; promote DIV’s role in supporting the SBV in the examination profession. Try to complete the examination of 60 PCFs in 2022.
Fourth, implement and to complete the financial plan and business plan in 2022 approved and assigned by the SBV.
Fifth, become an organization with better collective solidarity, with unity and consensus under the leadership and direction of the Board of Directors, the Board of Management and regional branches. Actively pay attention to officials and employees throughout the system.
Currently, the financial capacity and legal basis for the DIV to promote the role of protecting the legitimate rights and interests of depositors, contribute to maintaining the stability, safe and healthy development of the banking system are still limited in comparison to international practices and standards. Therefore, the tasks set for the DIV in the following years is to strengthen the supervision and examination under the direction of the SBV, in line with the actual capacity of the deposit insurer. In particular, the DIV should actively prepare both financial and human resources to be able to participate more deeply in the restructuring process of weak credit institutions.
I hope that the leaders and officers in the whole system of the DIV will always be aware of their roles and responsibilities and unite to fulfill the assigned tasks. Gradually improve the financial capacity as well as the 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 special State financial institution established by the Prime Minister.
