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As an emerging market, Vietnam’s financial and banking system has been growing rapidly, but always hidden are high risks. This requires Deposit Insurance of Vietnam (DIV) to play a more and more important role in the economy.  However, for DIV being able to apply the core principles for effective deposit insurance systems well in compliance with international practices, there still remain many issues that need to be addressed. The...
 
Domestic Deposit Insurance News
The law on deposit insurance
The National Assembly is set to add the Law on Deposit Insurance to the year 2011’s program.
On June 19th 2010, the National Assembly approved the resolution on law building program in the year 2011 including the Law on Deposit Insurance.
Banking – Financial News
It is vital to maintain safety for the financial system
 Under the current circumstance of global turbulence, the banking and finance sector has shown its sensitiveness and vulnerability. Therefore, the principle of “safety first” should be set as priority, especially at the current time when exists a greater interference among credit, stock and property markets. The safety issue must draw special attention of all credit institutions because by ensuring the safety of the banking system, the benefits of the whole economy and millions of depositors would be protected. This is also indispensable for the survival of the financial institutions themselves. Mr. Mai Minh De, Chairman of DIV’s Board of Directors expressed his opinions in an interview:
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License No: 94/GP-BC of MCI, April 12, 2006 Editor in chief: Dr. Bui Khac Son
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