Trang Chủ
After 25 years of establishment and development, DIV has increasingly demonstrated its capacity to support the stable development of the national financial system. Through its deposit insurance operations, the DIV is protecting 123 million depositors at 1,277 insured institutions nationwide, including 96 banks and foreign bank branches, 1,176 people's credit funds (PCFs), one cooperative bank, and four microfinance institutions.
Actively, comprehensively, and effectively deploy professional areas.
To ensure the rights of insured institutions, DIV always ensures that the issuance and revocation of deposit insurance participation certificates are carried out promptly and in accordance with regulations. In 2024, the DIV issued 1,524 copies and reissued 10 deposit insurance participation certificates at the request of insured institutions and revoked and announced information on the revocation and temporary revocation of deposit insurance participation certificates for 4 PCFs according to the Decision of the State Bank of Vietnam (SBV). In addition, DIV regularly reviews and resolves insured institutions that do not meet the requirements for the application for the certificate.
In the management of deposit insurance premiums, insured institutions have complied with the regulations on calculating and paying deposit insurance premiums in accordance with the Law, regulations, and instructions of the DIV. The amount of deposit insurance premiums collected in 2024 increased by more than 16% compared to the previous year and exceeded the plan assigned by the SBV. At the same time, the DIV exempted deposit insurance premiums for 34 insured institutions under special control, with a total exemption and reduction of over VND 400 billion. Premium collection management is carried out publicly and transparently, ensuring the correct subjects and correct amounts according to regulations.
The investment of temporarily idle capital also recorded positive results. The total temporarily idle capital of the DIV reached over VND 122 trillion, an increase of more than 15% over the same period last year. As of December 31, 2024, the total operating capital of the DIV reached over VND 126 trillion, and the operational reserve fund reached nearly VND 120 trillion, exceeding the set financial targets. With strong financial resources accumulated over the years, the DIV is ready to fulfill new tasks as prescribed in the Law on Credit Institutions 2024, such as purchasing long-term bonds of credit institutions receiving compulsory transfers according to the decision of the DIV, reimbursing insurance when obligations arise and participating in other financial support measures according to the proposed amendments to the Law on Deposit Insurance.
Supervision activities have been continuously and effectively implemented for all insured institutions. The DIV has completed periodic and in-depth supervision reports, focusing especially on weak credit institutions. Notably, the DIV has coordinated with the National Credit Information Center of Vietnam (CIC) to sign a cooperation agreement to share information and data, contributing to improving the quality of management and supervision.
Regarding examination work, DIV has completed the periodic examination plan for 250 insured institutions, as well as inspections under the direction of the SBV Governor at 75 PCFs. The examination work was carried out on schedule, ensuring quality and timely sending reports to the SBV. DIV is also building an "Examination Operation Handbook" to standardize the process, supporting inspection teams to perform their tasks more effectively.
In the field of special control and management of PCFs, DIV has assigned 34 officers to participate in the Special Control Boards at 27/28 PCFs at the SBV's request. DIV's coordination has been fully implemented; officers regularly update the operational situation and propose appropriate solutions. In addition, DIV has participated in assessing the feasibility of the recovery plan for 01 PCF in Thai Binh, contributing to supporting the SBV in restructuring the system of credit institutions.
In order for the deposit insurance policy to be widely spread to people's lives, the DIV actively innovates content and expands the form of communication by organizing knowledge dissemination events at many annual congresses of the PCFs, cooperating with the Vietnam Post Corporation (VNPOST) and mass media channels. In particular, on the occasion of its 25th anniversary, the DIV successfully organized an online contest to learn about deposit insurance, attracting nearly 1.1 million referrals with nearly 500,000 entries, helping to consolidate knowledge about the deposit insurance policy to the public and promote the image and activities of the organization. Effective deposit insurance communication policy not only contributes to strengthening the trust of depositors in the system of credit institutions but also contributes to creating stability and sustainable development of the banking system.
Orientation for 2025 to protect depositors' rights and promote safe and sustainable development of the banking system
Clearly identifying its role as one of the important links in the financial and banking safety net in Vietnam, in 2025, the DIV will closely follow reality and effectively utilize all resources to effectively perform its role in protecting the rights of depositors while promoting the sustainable and safe development of the banking system.
Specifically, DIV will continue to research and propose amendments to the Law on Deposit Insurance, specifying the organization's functions and tasks according to the new regulations in the Law on Credit Institutions 2024; at the same time, it will prepare the necessary conditions to effectively implement the new tasks when the amended Law is passed, associated with appropriate communication for each stage.
At the same time, DIV will complete the review and assessment of the DIV Development Strategy for 2025 and orientation to 2030. This process includes reviewing and updating the content and strategic objectives, ensuring consistency with new tasks under current laws, and proposing amendments to the Law on Deposit Insurance.
In the field of examination and supervision, the DIV plans to allocate resources effectively to complete the periodic inspection plan for deposit insurance participating organizations and the PCFs under the direction of the SBV Governor. The DIV will also continue to improve the effectiveness of supervision, promote analysis, and enhance coordination between examination and supervision to ensure management quality.
Coordination with relevant units is also a major priority in 2025. DIV will promote information exchange with SBV branches and CIC and review and adjust the content of coordination regulations to suit local realities when necessary.
In addition, DIV is preparing steps to reorganize the framework in a streamlined manner, improving management efficiency and labor productivity. Strengthening the application of information technology and optimizing human resources will improve the quality and efficiency of operations throughout the system.
These key tasks not only demonstrate the strategic vision and strong commitment of the DIV to protecting the legitimate rights and interests of depositors but also affirm its proactive and responsible role in contributing to maintaining the safe and healthy development of the financial banking system. With a clear action plan, the DIV aims to establish a strong and professional deposit insurance organization, contributing to enhancing public confidence in the system of credit institutions and actively contributing to the development of the banking industry in the new period.
Communication Department
