Deposit Insurance of Vietnam attends 19th Annual General Meeting of Asia – Pacific Regional Committee
Fri, 20 Aug 2021 16:00:03 GMT

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.

The meeting was attended by Mr. Pham Bao Lam – Chairman of the Board of Directors of the DIV, Ms. Phan Thi Thanh Binh – Deputy General Director and representatives from related departments at the DIV’s headquarters. At the meeting, the DIV, an APRC member, made approval of APRC documents; updated its activities since its 18th Annual General Meeting in 2020, including activities of the APRC Secretariat, the Research Technical Committee and the Training and Assistance Technical Committee; and updated IADI’s activities. Important issues contributing to the development and common goals of IADI were discussed by representatives of APRC members, especially the IADI’s Strategic goals and objectives in the period of 2022-2026.

Accordingly, the IADI’s strategic goals are: (i) promoting the Core Principles for Effective Deposit Insurance Systems and deposit insurance compliance; (ii) advancing deposit insurance research and policy development; (iii) providing Members with technical support to modernize and upgrade their systems; and (iv) enhancing IADI’s governance by improving efficiency and transparency.

Besides, all delegates made approval of the Deposit Protection Agency (Thailand) and the Central Deposit Insurance Corporation (Taiwan) as the hosts of the APRC’s 20th Annual General Meeting and the Technical Assistance Workshop (in 2021) respectively.

Along with the Annual General Meeting, the CEO Dialogue and the International Conference were also parts of the series of events. With the theme of “Post-pandemic Imperatives: Strategic Leadership and People Excellence”, the CEO Dialogue was a forum for top executives of deposit insurers to discuss challenges in the short term and long term, specifically the impact of the Covid-19 pandemic, as well as solutions for these challenges.

Meanwhile, the International Conference “Covid-19 Legacy and Beyond: Building Operational Resilience and Recalibrating The Role of Deposit Insurance” focused on issues such as fintech, digital banking, e-money, etc. and the role of deposit insurers in protecting legitimate rights and interest of depositors.

Research and International Cooperation Department