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
IT crucial to developing national banking sector
HA NOi — A two-day Banking Vietnam 2012 Conference and Expo kicked off yesterday, aiming at providing insights on current and future developments of banking technology and present latest high-tech solutions and applications for the industry.
25/05/2012
Pessimism at lower deposit rates
A 1 per cent cut in the deposit interest rate is unlikely to reverse the downward trend in Vietnam's inflation, according to a Hong Kong and Shanghai Banking Corporation research report.
03/04/2012
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
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