Former Secretary General Mr. Le Kha Phieu and the First Deputy Prime Minister Mr. Nguyen Sinh Hung sent congratulation letters and flowers to DIV on this occasion.
Many officials from the National Assembly, Government, relevant ministries and agencies participated in the ceremony including Mr. Le Quoc Dung – Vice chairman of the Economic Committee of the National Assembly, Mr. Dang Nhu Loi - Vice chairman of the Social Affairs Committee of the National Assembly, Mr. Le Duc Thuy – Chairman of the National Financial Supervision Commission, etc.
Mr. Mai Minh De, Chairman of the Board of Directors expressed great gratitude to the ministries and agencies as well as all the guests for their contribution to the DIV development over the last 10 years.
The DIV General Director, Mr. Bui Khac Son, made a summary of the DIV 10-year operations and its orientations. The summary referred to the DIV outstanding achievements in building and enhancing legal framework and the managerial mechanism, in realizing policies on deposit insurance including the deposit insurance certificate issuance, premium collection, deposit insurance fund management, supervision, examination, financial assistance, deposit insurance payment, receivership and resolution, public relation, modernization, and such supportive activities as research and development (R&D), human resource development, international cooperation, financial management, internal control and audit, IT infrastructure construction…
On the ground of those achievements, DIV set forth an orientation for the development of deposit insurance system in Vietnam for the coming time. This includes building and strengthening legal framework and financial capacity, ensuring corporate transparency, restructuring organizational structure, upgrading service quality, modernizing deposit insurance operation on the basis of IT infrastructure…
To obtain the targets, DIV made proposals to relevant authorities, for instance, the National Assembly to approve the Law on Deposit Insurance in accordance with the Law on State Bank, the Law on Credit Institutions, the Law on Bankruptcy, the Law on Bank Supervision…; the Government to construct and approve the guidance on the Law on Deposit Insurance and other relevant laws, the Development Strategic Plan of the DIV and its professional projects. The Government was also expected to provide supplement fund to the DIV charter capital to ensure its continuous and effective operations as the protector of depositors’ benefits. Meanwhile, DIV also petitioned the State Bank of Vietnam relevant ministries and agencies to continue building the draft law on deposit insurance and supporting DIV to improve mechanism, organization, human resources, and facilitating DIV to fulfill its asigned tasks.
During his speech, the Governor affirmed that Vietnam and its banking sector are integrating deeply and broadly into the global economy with the increasing competitiveness and diversity of deposit takers over the financial market. The Governor suggested some methods to improve the effectiveness of the DIV operation to better protect depositors’ benefits and contribute to the safety of the whole financial system. The methods included completing Development Strategic Plan for the DIV; improving financial capacity; cooperating with relevant departments of the State Bank of Vietnam in the areas of supervision; examination and inspection to deposit taking institutions; strengthening professional capacity of the DIV staff, ensuring professional and ethical standards with sharpness, creativity and effectiveness; promoting PR activities for better public awareness of deposit insurance policies and activities, rights and obligations of insured institutions and depositors.
The Chairman of the DIV affirmed to follow the directions of the Governor to develop the DIV as a key state financial institution by protecting depositors’ benefits, enhancing public confidence and contributing to the stability and sustainable development of the Vietnam banking sector.