Trang Chủ
Expressing the view-point about the role of the Deposit Insurer, Mr. Vu Viet Thu - Deputy Director of the SBV’s Hung Yen branch has assumed that the DIV plays an important role in ensuring safe and sound banking activities, creating favorable conditions for mobilizing idle capital and increasing public confidence in the financial system. The DIV’s supervision has significantly attributed to the SBV’s successful inspection activities, including early potential risk detection of banks and people's credit funds, thus proposing corrective action and timely support for the sake of stability and safe operation of these institutions.
Mr. Nguyen Van Dong – Party Secretary cum Chairman of Nhu Quynh People’s Council has shared the same view-point with Mr. Vu Viet Thu, affirming that the DIV pro-actively creates confidence among depositors, contributing to maintaining the stability of credit operation in the area and ensuring social security. Over the past time, the DIV has regularly carried out risk supervision over credit institutions in coordination with the SBV, in a bid to assess and give early warning for credit institutions violating the banking activities’ safety.
Regarding deposit insurance coverage limit, most ideas have said that the current VND 50 million level is no longer appropriate in the socio-economic circumstance that public depositing demand is highly increasing, people’s living standard and income are high. It is suggested that DI coverage limit should be adjusted to some VND 200 - 300 million in order to better protect depositors, contributing to stabilizing local credit activities.
It is said that, the promulgation of the Law on Deposit Insurance shall contribute to improving deposit insurance and banking activities, giving positive impacts to people and enhancing public confidence in the banking system. Relevant bodies have been urged to issue the documents guiding the details of the implementation so as to bring the Deposit Insurance Law into life.
