Over the past period, the Vietnam Deposit Insurance Corporation (BHTGVN) has implemented a comprehensive range of operational activities in accordance with its functions, duties, and operational plans to ensure the legitimate rights and interests of depositors, and to contribute to the stable and sustainable development of the banking industry.
Accordingly, the Vietnam Deposit Insurance Corporation (BHTGVN) has closely coordinated with relevant parties to continue researching and proposing amendments and additions to the Law on Deposit Insurance; approved and issued 23 administrative and operational documents, including 11 documents amending, supplementing, replacing, or newly issuing documents to implement the provisions of the Law on Credit Institutions (2024); and simultaneously researched and developed the BHTGVN Digital Transformation Plan until 2025, with a vision to 2030.
Thanks to closely following the directives and guidance of superiors, the leadership of the Vietnam Deposit Insurance Corporation (BHTGVN) has led and directed its units to focus on the vigorous implementation of assigned tasks and achieved several outstanding milestones such as:
The total operating capital of the Vietnam Deposit Insurance Corporation (BHTGVN) reached VND 117.8 trillion (an increase of nearly 15% compared to the same period in 2023); the operational reserve fund reached over VND 111 billion (an increase of 15.7% compared to the same period in 2023); completed inspections of 109 out of 253 participating deposit insurance organizations according to the periodic plan and 23 out of 75 people's credit funds (QTDND) as requested by the State Bank of Vietnam; assigned staff to participate in the Special Supervisory Board, participate in governance and management, and assess the feasibility of recovery plans for some QTDNDs under special supervision; exempted 35 participating deposit insurance organizations under special supervision from paying deposit insurance fees…
The deposit insurance business areas have also been effectively implemented by the Vietnam Deposit Insurance Corporation (BHTGVN). Accordingly, from the beginning of the year to date, BHTGVN has issued 201 copies and reissued 3 Deposit Insurance Participation Certificates; the work of revoking and announcing the revocation of Deposit Insurance Participation Certificates has been carried out promptly and in accordance with legal regulations.
Supervision is carried out continuously and regularly for 100% of participating deposit insurance organizations, especially problematic credit unions, with timely reports and recommendations to the State Bank of Vietnam. The dissemination of deposit insurance policies always adheres to the direction outlined in the Deposit Insurance Development Strategy, focusing on communicating proposed amendments and additions to the Deposit Insurance Law; new policies and regulations of the State Bank of Vietnam related to depositor protection; and new provisions of the Law on Credit Institutions (2024).
Furthermore, to ensure financial resources for protecting depositors, the Vietnam Deposit Insurance Corporation (BHTGVN) also effectively manages deposit insurance premium collection, actively urging, guiding, and resolving difficulties regarding the calculation and payment of deposit insurance premiums. In the first six months of the year, although no insurance payment obligations arose for participating institutions, BHTGVN proactively monitored developments and prepared contingency plans for payments to weak credit institutions under special supervision.
In the last six months of 2024, the Vietnam Deposit Insurance Corporation (BHTGVN) will fully, synchronously, and effectively implement all aspects of its operations, focusing on:
Firstly, we need to better implement the business plans, financial plans, and labor and wage plans for 2024 approved by the State Bank of Vietnam.
Secondly, to carry out activities related to issuing and revoking Deposit Insurance Participation Certificates, calculating and collecting deposit insurance premiums, managing and investing temporarily idle capital in accordance with the law, and fulfilling the targets assigned by the State Bank of Vietnam.
Thirdly, continue to conduct regular monitoring of 100% of participating deposit insurance institutions and ensure 100% completion of the Vietnam Deposit Insurance Corporation's periodic inspection plan and as directed by 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 threaten the safety 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 solutions, and be ready to implement new tasks of the Vietnam Deposit Insurance Corporation in participating in, supporting, and handling weak deposit insurance participating institutions placed under special supervision.
Fifth, continue to maintain and effectively implement the contents signed in the Regulations on Coordination and Information Exchange between the State Bank of Vietnam branches in provinces/cities and the Vietnam Deposit Insurance Corporation branches in regions.
Sixth, continue to diversify the forms and content of deposit insurance policy dissemination, ensuring that deposit insurance policies are implemented in people's lives, enhancing depositors' confidence in the financial and banking system, and stabilizing public opinion.
To successfully accomplish key tasks according to the plan, Mr. Pham Bao Lam - Chairman of the Board of Directors of Vietnam Deposit Insurance Corporation (BHTGVN) - requested that the entire management and staff of BHTGVN unite, be determined to compete, strive to perform regular tasks with higher requirements and bigger targets; thereby building a strong BHTGVN, affirming its position in the mission of protecting the legitimate rights and interests of depositors, and contributing to maintaining the stability and healthy development of banking operations.
Source: https://laodong.vn/kinh-doanh/bao-hiem-tien-gui-viet-nam-dang-bao-ve-hon-110-trieu-luot-nguoi-gui-tien-1367750.ldo
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