The DIV is now facing challenges of innovation, with new legal documents governing deposit insurance activities continuously issued. The training course with a thorough and detailed content therefore was tailored upon the DIV’s request and the needs of attendees.
Meanwhile, the delegation paid a courtesy visit to the Singapore Deposit Insurance Corporation (SDIC). As introduced by Mr.Ooi Sin Teik (CEO, SDIC), the Central Bank of Singapore (CBS) is responsible for ensuring the safe and sound development of the banking system; while the SDIC has an important role in contributing to ensuring stability of the deposit insurance system by protecting financially unsophisticated and small depositors. Though the SDIC’s human resources consists of only 14 people, the SDIC is effectively implementing a risk-based premium system thanks to the close coordination with the CBS.
The DIV delegation attends a training course in Singapore and visits the Singapore Deposit Insurance Corporation
On June 25-28, 2014, the Deposit Insurance of Vietnam (DIV) delegation led by Mr. Nguyen Van Thanh, Chairman of the Board of Directors participated in a senior management training course on change management, risk supervision in Singapore, in the framework of Financial Sector Modernization and Information Management System Project (FSMIMS).