Some opinions on deposit insurance coverage and premium
Applying a risk-based premium system in Vietnam is conformable to international practices. This would help DIV and supervisory agencies have accurate assessment of credit institutions and create sound competitive environment for them. Besides, it...
24/07/2014
Deposit insurance coverage limit- the value preserves confidence
However, the economic situation has had many changes over the past 10 years. According to the DIV, from 2005 to 2011, the number of depositors increased from 10 million to 26 million, total balance of deposit accounts up from VND 700 trillion to...
24/07/2014
Deposit insurance policy contributes to enhancing public confidence
In summary, ensuring the safe and sound banking system in the current difficult period is an important mission of DIV. Therefore, popularization of DI policy is one of the goals that DIV is striving for. Once every citizen knows, understands and...
24/07/2014
Measures to improve the effectiveness of deposit insurance policy in Vietnam
The year 2013 marked an important step in building a legal framework for DI system in Vietnam. The effectiveness of DI policy in Vietnam will be enhanced if the guiding documents (planned to be accomplished in 2014) are soon promulgated in obedience...
02/07/2014
The effectiveness of Deposit Insurance Policy – the view from Ha Giang province
Agreeing with that, Mr. Hoang The Cuong – manager of Viet Quang Town PDF added that “DI premiums should be based on risks posed to credit institutions or assessment and classification of the credit institutions’ quality so that people feel more assured to pick a suitable one”.
02/07/2014
The roles of Deposit Insurance policy and outstanding issues to protect the rights of depositors
In Vietnam, for such a long time (since 2005), the coverage limit has been set at 50 million VND. Especially during the sensitive period, the State Bank of Vietnam (SBV) guaranteed the full pay-out for depositors; therefore assure them in order to...
01/07/2014
Guiding documents for calculation and payment of deposit insurance premiums need to be completed soon
Over the last 10 years since the establishment of the DIV, authorized agencies and DIV have strived to build a system of guiding documents for calculation and payment of DI premiums which is proper, complies with international practices and matches...
01/07/2014