Trang Chủ
Below are the enthusiastic opinions of experts on the development strategy of deposit insurance that the Editorial Board has recorded.
Mr. Pham Bao Lam – Chairman of the Board of Directors of Deposit Insurance of Vietnam: Development strategy – A guideline for all activities of DIV
The deposit insurance development strategy is the guideline for all activities DIV, determine the direction of DIV to contribute to maintaining the stability of Vietnam's financial and banking system, promoting the socio-economic development of the country. DIV maintains the unified goal of the insurance deposit system, which is to protect the legitimate rights and interests of depositors, contribute to maintaining the stability of the system of credit institutions and foreign bank branches, and ensure the safe and healthy development of banking activities.
The deposit insurance development strategy plays an important role not only to the deposit insurance but also to the development of the banking industry such as comprehensive development orientations, providing a short, medium- and long-term overview of the deposit insurance policy as well as the operation of the deposit insurance. Since then, the objectives, groups of tasks and solutions presented in this Strategy are expected to have a positive impact, helping the DIV to promote its strengths and overcome limitations and bottlenecks in implementing deposit insurance policy, better protect the legitimate rights and interests of depositors , strengthen public confidence in the financial-banking system, and contribute to the stable development of our country's economy and society.
Ms. Nguyen Thi Mui - Member of the National Financial and Monetary Policy Advisory Council: It is necessary to develop an action plan to implement the contents of the deposit insurance development strategy soon.
The deposit insurance development strategy is the basis for the deposit insurance to well implement its mission of protecting the legitimate rights and interests of depositors, improving the efficiency of deposit insurance operations and the capacity of DIV.
In order to achieve the goals as stated in the deposit insurance development strategy, the DIV needs to gradually innovate towards meeting the principles in the Core Principles for Effective Deposit Insurance Systems of the International Association of Deposit Insurers, in line with the overall orientation of the Banking Sector Strategy and practices in Vietnam. Simultaneously, the application of modern science and technology and innovation along with the development of high-quality human resources are also key factors for the rapid and sustainable development of the DIV.
In particular, the DIV should soon develop an action plan to implement the contents of the deposit insurance development strategy in each period to ensure the achievement of the oriented objectives according to the roadmaps set out in the deposit insurance development strategy. In case of necessity, advise and propose the SBV to submit to the Prime Minister for decision to adjust the objectives and contents of the deposit insurance development strategy.
In the long term, the DIV should proactively propose and advise State management agencies to improve the legal basis in the direction of enhancing the role of the deposit insurance through early detection and warning of potential risks hidden from the deposit insurance participating institution; participate in effective restructuring of deposit insurance participating organizations, improve financial capacity to meet higher professional requirements.
Dr. Pham Minh Tu - Deputy Director of Banking Strategy Institute: Ddeposit insurance development strategy to develop comprehensively
The international and domestic economic context pose many opportunities and challenges for Vietnam's banking industry in general and DIV in particular. Especially, the development trend of deposit insurance participating in the world requires organizations to identify future directions in order to better meet the Core Principles for Effective Deposit Insurance Systems of the International Association of Deposit Insurers.
Adhering to the Banking industry development strategy, the Deposit insurance development strategy was developed with the overall objective of: (i) Protecting the legitimate rights and interests of depositors, actively contributing to maintaining stability of the system of credit institutions and foreign bank branches, ensuring the safe and healthy development of banking activities; (ii) Improving quality and efficiency in deposit insurance activities; early detection and warning of potential risks to deposit insurance participating institutions; participate in effective restructuring of weak deposit insurance organizations; calculating and collecting deposit insurance premiums, capital and investment management; disseminating the policy of deposit insurance and payment of deposit insurance in a manner consistent with international practices and the provisions of Vietnamese law; and (iii) Strengthening the financial capacity of the deposit insurance, perfecting the appropriate organizational structure model to further strengthen the operational capacity, to better meet the role of the deposit insurance.
Specific objectives, tasks and solutions in the Deposit insurance development strategy in accordance with the tasks stated in the "Project on restructuring the system of credit institutions associated with bad debt settlement for the period of 2021 - 2025" issued by the Prime Minister under Decision No.689/QD-TTg dated June 8, 2022 and the main contents of the Law amending and supplementing the Law on Deposit Insurance No. 06/2012/QH13 passed by the National Assembly on June 18, 2012. Therefore, the deposit insurance development strategy will help the deposit insurance to develop comprehensively, bring into play its internal resources, take advantage of external opportunities to overcome challenges and fulfill its mission of protecting the legitimate rights and interests of depositors; higher standards in ensuring the safety and soundness of the operations of the system of credit institutions, which are deeply integrated in finance in the region and the world, contributing to macroeconomic stability and sustainable growth.
Dr. Nguyen Minh Phong – Economist: Deposit insurance development strategy in accordance with the new situation
The development strategy plays a very important role for the existence and development of a unit, an organization. The right development strategy can be considered as a guideline to guide the unit or organization in the right direction. After 23 years of operation, having a development strategy is very suitable for the new situation of DIV.
The deposit insurance development strategy is the guiding foundation and the necessary framework solution to strengthen the legal basis organization, restructure the apparatus, improve the financial capacity and international integration of the deposit insurance, contributes to the effective implementation of the deposit insurance policy and the tasks specified in the Law on Deposit Insurance and in the new period.
The deposit insurance development strategy has been issued and the DIV has continuously followed the views, goals, tasks and solutions of the strategy, which are essential to implement activities in a synchronous, consistent , and systematically way, bringing the banking industry in general and DIV in particular to new heights on the path of development and integration, successfully completing the assigned tasks.
Therefore, DIV needs to actively grasp and develop a specific action plan to effectively implement the contents of deposit insurance development strategy.
