Vietnam Deposit Insurance is protecting more than 110 million depositors.

In recent times, 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 the issuance of 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, researching and developing 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 implementing assigned tasks and achieved some outstanding achievements such as:

The total operating capital of the Vietnam Deposit Insurance reached VND 117.8 trillion (an increase of nearly 15% over the same period in 2023); the operational reserve fund reached more than VND 111 billion (an increase of 15.7% over the same period in 2023); completed inspections of 109/253 organizations participating in the Deposit Insurance according to the periodic plan and 23/75 people's credit funds (PCFs) at the request of the State Bank; assigned staff to participate in the Special Control Board (SCB), participate in management and operation, and assess the feasibility of recovery plans for a number of PCFs being KSDB; exempted BHTG fees for 35 organizations participating in the Deposit Insurance under 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 information on 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, promptly reporting and making recommendations to the State Bank. The propaganda work on the Deposit Insurance policy always closely follows the orientation of the Deposit Insurance Development Strategy, focusing on communication content on the proposed amendments and supplements to the Deposit Insurance Law; new policies and regulations of the State Bank related to the depositor protection policy; new contents of the Law on Credit Institutions (2024).

In addition, in order to ensure financial resources to protect depositors, the Vietnam Deposit Insurance Corporation also effectively manages the collection of deposit insurance premiums, actively urges, guides, and answers 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 organizations participating in the deposit insurance, the Vietnam Deposit Insurance Corporation still proactively monitored developments and prepared payment plans for weak credit institutions under the supervision of the State Bank.

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 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 in the credit institution system, contributing to the effective implementation of the tasks assigned in Directive No. 06/CT-TTg.

Fourth, actively study the Law on Credit Institutions (2024), propose solutions, and be ready to carry out new tasks of the Vietnam Deposit Insurance in participating in, supporting, and handling weak deposit insurance participating organizations placed under special supervision.

Fifth, continue to maintain and effectively implement the signed contents of the Regulation 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 forms and contents 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 larger 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