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International Webinar on “Financial Consumer Protection - Practice and Policy Recommendations for Vietnam”

On 9 August, 2021, The Deposit Insurance of Vietnam (DIV) and the University of Economics and Business (UEB) – Vietnam National University (VNU) co-organized the International Webinar entitled “Financial Consumer Protection – Practice and Policy Recommendations for Vietnam”. The Webinar, supported by the National Foundation for Science and Technology (NAFOSTED), is a session of an annual conference held by the International Academy of Financial Consumers (IAFICO).

Deposit Insurance of Vietnam attends 19th Annual General Meeting of Asia – Pacific Regional Committee

On 5th August 2021, the Deposit Insurance of Vietnam (DIV) attended the 19th Annual General Meeting of the Asia – Pacific Regional Committee (APRC), International Association of Deposit Insurers (IADI), which was held virtually due to the Covid-19 pandemic. The meeting was an important session in the APRC’s series of events taking place from 3rd to 5th August 2021.

DIV Branch in Mekong River Delta: 20-year journey of disseminating deposit insurance policy and maintaining depositors’ confidence

For the past 20 years of its establishment and development, the Deposit Insurance of Vietnam (DIV)’s Regional Branch in Mekong River Delta (the Branch) has always been striving to effectively disseminate deposit insurance (DI) policy to meet two major goals, namely protecting the legitimate rights and interests of depositors and contributing to maintaining the stability of the local finance and banking system.

Deposit Insurance of Vietnam’s North East regional branch: Actively coordinating with State Bank’s branches in implementing deposit insurance policy

Over the past 20 years, the Deposit Insurance of Vietnam (DIV)’s Northeast regional branch (the Branch) has actively and closely coordinated with the State Bank of Vietnam (SBV)’s provincial and city branches to effectively implement deposit insurance policy, thereby contributing to protecting the legitimate interests of depositors, ensuring the safe and sound development of the banking system in the area.

Bilateral meeting and webinar held by Deposit Insurance of Vietnam and Philippine Deposit Insurance Corporation

The Deposit Insurance of Vietnam (DIV) in cooperation with the Philippine Deposit Insurance Corporation (PDIC) organized a bilateral meeting on May 25, 2021 and a webinar entitled “Payout regime and communication during payout – The PDIC experience and lessons learned” on May 11.

Implement measures to prevent and remove difficulties caused by COVID-19 pandemic

On June 3, 2021, the State Bank of Vietnam (SBV) issued Document No. 3947/NHNN-TD requiring the chairpersons of the Boards of Directors/Boards of Members, General Directors/Directors of the credit institutions and the foreign bank branches in Vietnam; Directors of the SBV municipal and provincial branches to urgently conduct measures of preventing and removing difficulties caused by the COVID-19 pandemic.

Banking results of the first quarter of 2021

 On the afternoon of April 22, 2021, in Hanoi, the State Bank of Vietnam (SBV) held a press conference to announce the banking results of the first quarter of 2021 and the 70th anniversary of the banking industry. The conference was chaired by SBV First Deputy Governor Dao Minh Tu. Attending the press conference, there were also leaders of departments of the SBV, leaders of VAMC, NAPAS, State-owned commercial banks. Mr. Pham Bao Lam - DIV Chairman of the Board directors - attended the meeting.

Actively implements solutions for credit management and inflation control, providing sufficient capital for the economy

On April 4, 2021, in Hanoi, the State Bank of Vietnam (SBV) organized a Conference on Credit Implementation by the Banking Sector in 2021, which also aimed to launch Circular No. 03/2021/TT-NHNN. The Conference was chaired by SBV Governor Nguyen Thi Hong, who delivered a guiding speech to open the Conference.

Bilateral meeting and webinar between Deposit Insurance of Vietnam and Deposit Protection Office, Lao PDR

On March 25, 2021, the Deposit Insurance of Vietnam (DIV) and the Deposit Protection Office (DPO), Lao PDR held a bilateral meeting and a webinar themed "An introduction to microfinance institutions in Vietnam and deposit insurance accounting principles”.

"Start-up Savings" deposits fully insured

Aligning with deposit insurance (DI) policy’s goal of protecting the majority of depositors, especially those with limited access to information, Vinh Thanh People’s Credit Fund (PCF) (in Vinh Thanh district, Can Tho city) has launched a product called "Start-up savings" with the commitment to returning to depositors their deposited money in full including the principal and interest in case the PCF encounters operational risks which may lead to insolvency or dissolution.

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