Vietnam Deposit Insurance is protecting more than 110 million depositors.

Over the past time, BHTGVN has synchronously deployed professional activities in accordance with its functions, tasks, and operational plans to ensure the legitimate rights and interests of depositors, accompanying the stable and sustainable development of the banking industry.

Accordingly, BHTGVN has closely coordinated with relevant parties to continue researching and proposing amendments and supplements to the Law on Deposit Insurance; approved and issued 23 administrative and management documents, including 11 documents amending, supplementing, replacing or newly issuing to implement the provisions of the Law on Credit Institutions (2024); at the same time, researched and developed the Digital Transformation Plan of BHTGVN until 2025, with a vision to 2030.

The inspection team of the Vietnam Social Insurance worked at the People's Committee of Bao Ai commune, Yen Binh district, Yen Bai province.

Thanks to closely following the direction and orientation of superiors, the Board of Directors of BHTGVN has led and directed units to focus on resolutely implementing assigned tasks and achieved some outstanding achievements such as:

Total operating capital of BHTGVN reached 117.8 trillion VND (up nearly 15% over the same period in 2023); operational reserve fund reached more than 111 billion VND (up 15.7% over the same period in 2023); completed inspections of 109/253 organizations participating in BHTG according to the periodic plan and 23/75 people's credit funds (PFs) at the request of the State Bank; assigned staff to participate in the Special Control Board (SCB), participate in management and operation, assess the feasibility of recovery plans for a number of PFs being KSDB; exempted BHTG fees for 35 organizations participating in BHTG being KSDB...

The BHTGVN has also effectively implemented the BHTGVN's business lines. Accordingly, since the beginning of the year, BHTGVN has issued 201 copies and reissued 3 BHTG Participation Certificates; the work of revoking and announcing the revocation of BHTG Participation Certificates has been carried out promptly, ensuring compliance with legal regulations.

Supervision work is continuously and regularly implemented for 100% of organizations participating in the Deposit Insurance, especially the People's Credit Funds with problems, reporting and making timely recommendations to the State Bank. The propaganda work on Deposit Insurance policies always closely follows the orientation of the Deposit Insurance Development Strategy, focusing on communication content on proposed amendments and supplements to the Deposit Insurance Law; new policies and regulations of the State Bank related to depositor protection policies; new contents of the Law on Credit Institutions (2024).

In addition, in order to ensure financial resources to protect depositors, BHTGVN also performed well in managing deposit insurance premium collection, actively urging, guiding, and answering questions about the calculation and payment of deposit insurance premiums. In the first 6 months of the year, although there was no obligation to pay insurance premiums to participating deposit insurance organizations, BHTGVN still proactively monitored developments and prepared payment plans for weak credit institutions under KSDB.

In the last 6 months of 2024, BHTGVN will fully, synchronously and effectively deploy all aspects of activities, focusing on:

First, better implement the 2024 business plans, financial plans and labor and salary plans approved by the State Bank.

Second, carry out activities of granting and revoking Certificates of participation in deposit insurance, calculating and collecting deposit insurance fees, managing and investing temporarily idle capital in accordance with the law, and completing targets assigned by the State Bank.

Third, continue to regularly monitor 100% of the organizations participating in the Deposit Insurance Scheme and ensure 100% completion of the periodic inspection plan of the Deposit Insurance Scheme of Vietnam and according to the direction of the Governor of the State Bank of Vietnam in 2024. Continuously monitor, analyze and synthesize information to enhance the ability to warn of potential risks that cause insecurity of the credit institution system, contributing to the effective implementation of the tasks assigned in Directive No. 06/CT-TTg.

Fourth, actively study the amended and supplemented Law on Credit Institutions (2024), propose plans, and be ready to carry out new tasks of the Vietnam Deposit Insurance Corporation in participating in, supporting, and handling weak deposit insurance participating organizations placed in the State Bank of Vietnam.

Fifth, continue to maintain and effectively implement the signed contents of the Regulations on coordination and information exchange between the State Bank branches in provinces/cities and the Vietnam Deposit Insurance branches in regions.

Sixth, continue to diversify the form and content of propaganda on deposit insurance policies, ensure that deposit insurance policies are brought into people's lives, enhance depositors' confidence in the financial and banking system, and stabilize public opinion.

In order to successfully carry out key tasks according to the set plan, Mr. Pham Bao Lam - Chairman of the Board of Directors of Vietnam Deposit Insurance requested the collective of managers and employees of Vietnam Deposit Insurance to unite, be determined to compete, strive, and perform regular tasks with higher requirements and bigger targets; thereby building a strong Vietnam Deposit Insurance, affirming the position of Vietnam Deposit Insurance in the mission of protecting the legitimate rights and interests of depositors, contributing to maintaining the stability and healthy development of banking activities.

Source: https://laodong.vn/kinh-doanh/bao-hiem-tien-gui-viet-nam-dang-bao-ve-hon-110-trieu-luot-nguoi-gui-tien-1367750.ldo