The meeting was participated by directors of departmens of the SBV; Mr. Nguyen Quang Huy, Chairman of the DIV, Mr. Dao Quoc Tinh, General Director of the DIV, members of the Board of Directors, Board of Management, Controllers and representatives from departments at DIV’s headquarters.
At the meeting, Mr. Nguyen Quang Huy summarized the performance results and proposed several recommendations to the SBV. active, the DIV held total assets of 42,903 billion dongs, most of which was invested in G-bond. 1,282 institutions were announced, including 94 banks and foreign bank's branches, 1,183 People's Credit Funds and 04 micro-finance institutions. Examination and supervision of insured institutions have been carried out on regular basis. Moreover, the data sharing between the DIV and SBV facilitates the DIV to produce intensive supervision reports. The DIV was in the preparation process for the Annual Meeting and International Conference of the Asia Pacific Regional Committee of the International Association of Deposit Insurers (from 16 to 18 April in Hanoi). With a desire to take development to the next level, the DIV has been working on the Draft Development Strategy until 2025 and Vision toward 2030 to propose to the SBV.
According to Deputy Governor Dao Minh Tu, these results represent significant progress of the DIV in the management, directions and performance; business functions and workforce competency. These positive results create a solid basis for DIV to move forward in 2018 and years ahead. Deputy Governor Dao Minh Tu expressed his consent with the DIV’s objectives and orientations. He also gave his directions and assigned detailed tasks which should be implemented shortly, such as: To complete the Development Strategy of the DIV until 2025 and Vision toward 2030 in a timely manner to report to the SBV for the approval of the Prime Minister; to take initiative to carry out its functional activities, notably focus on the contribution to the restructuring of the credit institution system; to coordinate and exchange expertise with relevant competent authorities in the process of drafting the Guidance detailing the Law on amending and supplementing a number of articles of the Law on credit institutions; to propose amendments to the Law on Deposit Insurance aligned with new responsibilities of the DIV; to promote and diversify communication activities not only to protect the rights of depositors but also to contribute to maintaining the systemic stability, enhancing the role of the DIV among financial supervisory agencies.
In response to DIV's proposals and recommendations, Deputy Governor Dao Minh Tu put forward solutions to improve the DIV's business functions so as to better protect legitimate rights and interests of depositors, contribute to maintaining the banking safety, especially to play an active role in the restructuring of the credit institution systems.
On behalf of DIV's Management Board and staff, Chairman Nguyen Quang Huy expressed his appreciation and considered this as a good opportunity to promptly report the performance results, impediments and propose solutions to the SBV for prompt directions. Chairman Nguyen Quang Huy highlighted that the DIV will foster the solidarity, closely coordinate with SBV’s departments and other relevant agencies to successfully carry out the policy orientations and responsibilities.