Strengthening the role of deposit insurers in protecting financial consumers
Financial consumer protection is one of the important tools to increase people's access to finance, and at the same time to ensure the legitimate interests of financial consumers as well as...
26/11/2021
Weak banks strive to attract foreign investors
Prime Minister Nguyen Tan Dung has approved a plan to restructure credit institutions by 2015 which includes permission for foreign banks to acquire higher stakes in weak loans. The current limit is 20 per cent for a strategic foreign partner and 30 per cent for foreign investors.
03/04/2012
SBV to bail out banks in trouble
Insolvent banks unable to cover payment demands from depositors will receive support from the State Bank of Vietnam or other commercial banks if their defaults were likely to have a negative impact on the entire banking system, according to a new circular issued by the central bank last week.
03/04/2012
Development bank told to restructure operations
Viet Nam Development Bank (VDB) has been asked to submit its restructuring plan and development strategy to 2020 to the Government for approval. Under Instruction 118/TB-VPCP issued by the Government on Wednesday, Deputy Prime Minister Vu Van Ninh...
03/04/2012
NA law to protect all bank deposits
HA NOI — Most National Assembly deputies agreed to enact a law on compulsory deposit insurance at yesterday's group meeting. This is aimed at improving the legal framework on these activities, overcome shortcomings in the current policy and...
29/11/2011
Better deal sought for deposit insurance
HA NOI— Higher coverage levels are needed to improve the domestic deposit insurance system as the Vietnamese banking system integrates more deeply into the global economy, according to a seminar held here on Tuesday by the National Assembly Committee on Economy and Budget.
29/11/2011
Setting up a “safety valve” for the national financial - banking system
Implementing the Government's Resolution No. 11 on major solutions to curb inflation, stabilize macro-economy and ensure social security, the Deposit Insurance of Vietnam has simultaneously carried out many measures to ensure the safety of the...
10/10/2011
Deposit insurance – an essential tool of national finance
Deposit insurance policy is recognized as one of the essencial policy tools to protect legal rights and interests of people and contribute to ensuring national financial safety and economic stability.
10/10/2011
1st session of the national assembly’s legislature xiii –aggressive in measures to curb inflation, stabilize marco-economy, and ensure social safety
On July 21st, 2011, the first session of the national assembly legislature XIII’s meeting was delivered its opening solemly in Hà Nội. Party General Secretary, National Assembly Chairman Nguyễn Phú Trọng stressed: “This was the first plenum of the...
10/10/2011
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