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Addressing the opening speech, Dr. Bui Khac Son stressed the joint organization of the Workshop on the Law on Deposit Insurance opened up opportunities for cooperation between the DIV and HUBT, raising the students’ awareness of deposit insurance activities, the DIV in particular and the banking industry in general as well as international development trends. After the workshop, the DIV will be boosting up cooperation with universities including HUBT in order to put knowledge on deposit insurance into university curriculum.
Over 12 years of operation, the DIV has effectively implemented explicit deposit insurance policy to protect depositors and ensure the safety of the banking system. The enactment of the Law on Deposit insurance consistent with other Laws such as Law on the State Bank, Law on credit institutions, Law on Bankruptcy….shows due attention paid by the Party and the State to safeguarding the interests of people, ensuring the safety and soundness of the banking system and enhancing public confidence.
The participants keenly discussed the issues: the process of development of deposit insurance systems in the world; the role of deposit insurance systems in handling crises; deposit insurance system in Vietnam over 12 years of development; Law on Deposit Insurance – new legal basis for deposit insurance in Vietnam.
Dr. Pham Thanh Binh – Dean of the Faculty of Banking – HUBT said the DIV was the non-profit financial institution operating for the interests of depositors, maintaining the public confidence in the banking system. The functioning of DIV is based on the firm legal framework, namely Law on Deposit insurance which was ratified by the National Assembly in June, 2012 and takes effect in January, 2013. The Workshop on the Law on Deposit Insurance is not only a good opportunity for HUBT’s Board Manager, the lecturers and students of the Faculty of Banking to access the new Law related to the education programme but also a chance for fostering cooperation between the 2 institutions in order to put contents related to deposit insurance in the Faculty’s curriculum in the upcoming time.
