Trang Chủ
SBV Deputy Governor Nguyen Ngoc Canh speaks during the working session
The SBV delegation included Mr. Ta Quang Don – Director General of the Department of Legal Affairs; Mr. To Huy Vu – Director General of the International Cooperation Department; Mr. Hoang Viet Dung – Deputy Director General of the Department of Banking System Safety; Mr. Nguyen Anh Tuan – Deputy Chief Inspector of the SBV Inspectorate; Mr. Le Viet Hung – Deputy Director General of Organization and Personnel Department; Mr. Tran Tuan Anh – Deputy Director General of the Finance and Accounting Department; Mr. Nguyen Le Nam – Deputy Chief of the SBV Office; Mr. Vu Duy Tin – Deputy Director General of the Credit Institutions Supervision Department; as well as other officers from relevant SBV departments and units.
On the DIV side, there were Mr. Pham Bao Lam - Party Committee Secretary and Chairman of the Board of Directors; Mr. Dang Duy Cuong – Party Committee Deputy Secretary, Board Member, and General Director; other executive Board members, members of the Board of Management, Controllers, and heads of departments at the DIV Headquarters. DIV regional branches’ directors and department heads attended the working session via online platform.
At the working session, Mr. Dang Duy Cuong – DIV General Director – presented an overview of the DIV’s recent performance. Under the close guidance of the SBV and in coordination with SBV relevant units, the DIV has made significant progress. Core operations including supervision, examination (especially examination assigned by the SBV), participation in special control, and deposit insurance public awareness promotion have been implemented in a professional and synchronized manner. DIV’s financial capacity has been notably enhanced through premium collections and investments of temporary idle capital, providing necessary resources for fulfilling its assigned tasks. Additionally, the DIV has made meaningful enhancements to its human resource development, organizational structure, network expansion, and ensuring operational efficiency while preventing waste and misconduct.
In 2025, alongside its key duties, the DIV’s main focus is to advise SBV on drafting the revised Law on Deposit Insurance (DI). Regarding the implementation progress, Mr. Dang Duy Cuong noted that at the beginning of 2025, the SBV’s Party Designated Representation issued two resolutions outlining the policy framework for revising the Law on DI, aiming for submitting the draft revised Law to the National Assembly for approval within 2025. On February 14, 2025, the SBV solicited feedback from relevant ministries, agencies, and credit institutions about the draft proposal on revising the Law. On March 20, 2025, the Ministry of Justice submitted a report to the Government recommending that the draft law be added to the legislative agenda for the 10th session of the National Assembly. On March 31, 2025, the Standing Committee of the National Assembly’s Economic and Financial Committee also expressed support for including the revised Law on DI in the 10th session of National Assembly in October, 2025.
In light of the urgency and significance of this legislative process, DIV leadership expressed hope for sustained direction and support from the SBV, particularly in accelerating the drafting process in accordance with the five policy areas approved by the SBV, ensuring the revised Law on DI will be promulgated by the National Assembly in 2025. Furthermore, the DIV emphasized the necessity for stronger coordination and information sharing between the SBV and the DIV, as well as between the SBV’s regional branches and the DIV’s branches.
Mr. Dang Duy Cuong expressed the hope that the DIV would be incorporated into the World Bank’s Banking Sector Soundness and Development Project – extended phase, which would assist in the development and implementation of the revised Law on DI. DIV also proposed that the SBV soon approve the DIV’s financial plan and salary-labor plan to facilitate the fulfillment of its tasks and strengthen the DIV’s high-ranking officers appointed and managed by the SBV.
The working session featured substantive discussions and detailed comments from members of the DIV’s Board of Management and representatives of several SBV departments, aiming at effectively addressing the DIV’s proposals and recommendations.
Speaking at the session, Deputy Governor Nguyen Ngoc Canh commended the DIV for its performance and structured implementation of operational functions. According to the Deputy Governor, the fact that DIV has successfully fulfilled all its business and operational targets and has continuously received an “A” rating in recent years proves the organization’s solidarity and dedication.
In 2025, the SBV Governor assigned the DIV to conduct safety examinations for 120 People's Credit Funds (PCFs), representing a 1.6-fold increase compared to 2024. This assignment demonstrates the SBV’s trust in the DIV’s capacity for safety examination and supervision of the PCF system, and at the same time reflects the DIV’s proactive and positive attitude in fulfilling its assigned responsibilities.
Looking forward, amid ongoing efforts to streamline and optimize the organizational structure of the SBV, the Deputy Governor requested that DIV closely coordinate and play a more active role in supporting the SBV’s examination and supervision functions, especially with respect to the PCF system. He also urged the DIV to review its coordination with SBV branches and promptly sign new coordination regulations with SBV regional branches to replace the previous regulations signed with provincial or municipal SBV branches.
Regarding institutional governance, Deputy Governor Nguyen Ngoc Canh requested relevant SBV departments to continue supporting the DIV in the development and implementation of financial, personnel, and compensation mechanisms, and report to the Governor and Deputy Governors in charge of the respective areas. In alignment with the Party Central Committee and the Government’s overarching direction on streamlining the political-administrative system, the Deputy Governor also requested that the DIV review its organizational structure and proactively “take the lead” in refining its organizational framework to align with the duties and powers prescribed by law.
Concerning staff training, the Deputy Governor asked the DIV to coordinate with various units, departments and bureaus within the SBV to identify international training courses and professional training programs related to DI; at the same time, provide opportunities for its officers to study and exchange experience and expertise with both SBV and commercial bank personnel in order to enhance their capabilities.
Moreover, the DIV must implement the Party and State's policy on practicing thrift and combating waste; take drastic measures to complete the construction of offices, and soon expedite solutions to lease these offices, thereby avoiding the waste of public assets.
Pertaining to digital transformation, executing the Central Committee’s Resolution 57 on breakthroughs in science, technology development, innovation and national digital transformation is of utmost importance. The Deputy Governor has recommended that the DIV develop a specific action plan, which should include a review of the existing information technology system and long-term measures for upgrading it to meet the operational requirements in the current context, particularly concerning examination and supervision functions.
According to the Deputy Governor, based on the proposal of the DIV, the Department of International Cooperation had submitted a proposal to the Governor to include the DIV in the WB's Project on strengthening banking sector soundness and development – extended phase. The WB has also been very proactive and supportive in facilitating the DIV’s involvement in the next phase of the project.
The Deputy Governor urged the Department of International Cooperation to assist the DIV in effectively utilizing the WB’s support for the development of the revised Law on DI. Additionally, he highlighted the need for enhancing the operational capacity of the DIV once the Law is promulgated.
Regarding the revised Law on DI, the Deputy Governor emphasized that the DIV needs to focus all its resources on amending the Law on DI, as there is limited time to research and develop specific provisions. He requested that the DIV, as a main agency affected by the Law, prioritize its research to advise the SBV throughout the development process of the Law.
Deputy Governor Nguyen Ngoc Canh also stressed the importance of a long-term vision in developing the revised Law on DI. He stated that the law should be thoroughly studied and reviewed to clearly define the role and position of the DIV among the agencies responsible for ensuring financial safety over the next 5 to 10 years. With 25 years of experience and existing resources, the DIV should take a more proactive approach in areas such as examination, supervision, early warning, and actively participating in the handling of weak credit institutions, in line with international practices and the specific conditions of Vietnam's credit institution system. To successfully carry out these tasks, the DIV must also accumulate adequate financial resources.
Concerning the DIV’s investment of idle capital, the Deputy Governor expressed strong support for the policies concerning the Law on DI proposed by the SBV. He suggested expanding the DIV’s capital investment portfolio while implementing effective risk control mechanisms. "The DIV’s investment management needs to be associated with the principles of safety, liquidity, profitability, and diversification of investment forms to accelerate the accumulation of the Deposit Insurance Fund" - the Deputy Governor stressed.
Following the guidance of Deputy Governor Nguyen Ngoc Canh, Mr. Pham Bao Lam, Chairman of the Board of Directors of the DIV, expressed gratitude for the attention and instructions provided by the leadership of the SBV, as well as the support and collaboration from various SBV departments, bureaus, and units the in recent times.
Mr. Pham Bao Lam highlighted that 2025 would be a crucial year for the DIV, marked by several significant tasks. These include engaging in the amendment process of the Law on DI, reviewing and evaluating the implementation of the Deposit Insurance Development Strategy through 2025, with a vision towards 2030, organizing Party Congresses at all levels with specific tasks in the context of the SBV restructuring and streamlining its organization.
"Nevertheless, with the dedicated efforts of the DIV’s Board of Directors and staff , we are prepared to allocate resources to effectively execute and complete the assigned tasks," Mr. Pham Bao Lam affirmed.
According to Mr. Pham Bao Lam, the three principles of "safety, liquidity, and profitability" in capital investment management will be upheld by the DIV, following the guidance of the Deputy Governor. Additionally, preparing specific proposals related to the revised Law on DI, promoting thrift and waste prevention, implementing digital transformation and applying information technology, leveraging technical support from the World Bank, and optimizing the use of headquarters will be carried out with great effort by the Board of Directors, the Management Board, and relevant departments of the DIV.
“To achieve the tasks outlined by Deputy Governor Nguyen Ngoc Canh and meet the key objectives set for 2025, the DIV looks forward to ongoing and timely instructions from the Government, the SBV’s Board of Directors, as well as continuous support and close coordination from relevant agencies, departments, ministries, and functional units. This collaboration is essential for motivating us and providing the necessary support for the DIV to successfully fulfill its assigned political responsibilities,” stated Mr. Pham Bao Lam.
Deputy Governor Nguyen Ngoc Canh with delegates at the working session.
Department of Research and International Cooperation (translation)
