Trang Chủ
The Workshop had the direct participation of nearly 100 delegates. International delegates include representatives from the central banks and 13 deposit insurers in the region and around the world. On the Vietnamese side, there was the attendance of Mr. Dao Minh Tu – the First Deputy Governor of the State Bank of Vietnam, and a number of leaders of Departments and Bureaus of the State Bank of Vietnam, representative leaders of many departments of the Ministry of Justice, Ministry of Finance and press agencies. Representing the DIV was 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, along with directors of departments/offices and branches.
Speaking at the opening ceremony, Mr. Pham Bao Lam - Chairman of the Board of Directors of the DIV - expressed his honor for DIV having been chosen as the host for the IADI APRC Workshop 2023, an important event for deposit insurers in the Asia-Pacific region in particular and the IADI in general. general. "Hosting the IADI APRC Workshop 2023 affirms the proactive, proactive, and responsible participation of the DIV in international deposit insurance activities, as well as the importance of early detection and timely intervention of problem institutions" - Mr. Lam emphasized.
The Chairman of the Board of Directors of the DIV was also pleased to share with the delegates attending the Workshop that day was also the 24th anniversary of the establishment of DIV (November 9, 1999 - November 9, 2023). Mr. Lam shared more information: During 24 years of establishment and development, the DIV has effectively implemented its main operations, such as granting and revoking certificates of deposit participation insurance, supervision, examination, deposit insurance premium collection, fund management and investment, participating in the resolution process, reimbursement, and public awareness and communication of deposit insurance policy. At present, the DIV is protecting depositors at 1,280 announced institutions, including 96 banks and foreign bank branches (including 35 Vietnam commercial banks, 02 joint venture banks, 09 banks with 100% foreign-owned subsidiaries, 50 foreign bank branches), 1,179 people's credit funds, 01 cooperative bank, and 04 microfinance institutions. Furthermore, the Deposit Insurance Development Strategy until 2025, with orientation to 2030, approved by the Prime Minister, has set the goals of improving the quality and efficiency of deposit insurance activities, including early detection and warning of potential risks for public institutions and participating in the effective restructuring of weak public institutions. In addition, the DIV also pays special attention to international cooperation activities, such as strengthening bilateral cooperation with deposit guarantees in the Asia-Pacific region, as well as actively participating in conferences, seminars, multilateral forums, and joint research activities of IADI and APRC , thereby obtaining many valuable experiences and improving the operational efficiency of the DIV.
Speaking at the Workshop, the First Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, highly appreciated that the DIV hosted the IADI APRC Workshop 2023. This demonstrates the initiative and responsibility participation of the DIV in international forums. Regarding the theme of the Workshop, the First Deputy Governor affirmed that the theme "Enhancing the role of deposit insurers in early detection and timely intervention" is very suitable in the context of the need to enhance the role of deposit insurers in early detection and timely intervention intervention in particular and to ensure the stability of the banking system in general. Timely intervention can reduce the likelihood of bank resolution, helps to maintain banking system stability and public confidence while preserving the value of problem banks, better-protecting depositors, and minimizing losses to the deposit insurance fund. Evaluating the activities of the DIV during the 24 years of development and growth, the First Deputy Governor commented: Established in 1999 with the goal of becoming a financial institution contributes to ensuring the safety of the banking system and protecting depositors, the DIV fulfilled its assignment functions and tasks well during its operation. After 24 years of operation, DIV's legal framework and role have been gradually improved.
First Deputy Governor Dao Minh Tu affirmed: "The State Bank of Vietnam's view always emphasizes applying international experience to the operations of the banking industry in general and deposit insurance activities in particular."
The Workshop focused on discussing three groups of content: (i) Overview of early detection and timely intervention (ii) The role of deposit insurances in early detection and timely intervention; (iii) Collaboration between supervisors and deposit insurers in early detection and timely intervention.
Through discussion and sharing of experiences based on the above contents, the Workshop suggests many new aspects of the theme along with notable directions and solutions to contribute to improving deposit insurance operational efficiency in general and strengthen the role of deposit guarantees in early detection and timely intervention of weak credit institutions in particular.
Within the framework of the Workshop, the DIV signed an extension of the Memorandum of Understanding with the Philippine Deposit Insurance Corporation (PDIC), met and discussed with the Bank of Laos and the Deposit Protection Office of Laos, and had a bilateral meeting with Korea Deposit Insurance Corporation (KDIC).
Department of Research and International Cooperation (translation)
