North Central Region Deposit Insurance deploys tasks in 2025
On the morning of January 10, the Deposit Insurance of Vietnam in the North Central region held a conference to deploy tasks for 2025.
Attending the conference were comrade Pham Bao Lam - Member of the Executive Committee of the Central Enterprises Party Committee, Party Secretary, Chairman of the Board of Directors of the Deposit Insurance of Vietnam; and representatives of the State Bank leaders of the provinces in the region.
In 2024, in the North Central region, the social security situation is generally maintained, most credit institutions have mobilized capital and outstanding loans growing well, the legitimate rights and interests of depositors are protected, the operations of organizations participating in Deposit Insurance basically develop safely and effectively (except for 4 people's credit funds under special control).
By December 31, 2024, the total number of organizations participating in deposit insurance under the direct management of the branch is 223 units, including Bac A Commercial Joint Stock Bank, 1 Thanh Hoa Microfinance Organization and 221 people's credit funds located in 5 provinces from Ninh Binh to Quang Binh.
In line with the goals and tasks of the Banking and Deposit Insurance of Vietnam industry, the Deposit Insurance branch in the North Central region has organized and implemented all assigned tasks in 2024.
The branch performs well the regular supervision of deposit insurance participating organizations in the management area, periodically completes quarterly supervision reports (quarter IV/2023, quarter I, II, III/2024 reaching 100%) and in-depth supervision of problematic people's credit funds, continues to improve the quality of supervision of units and effectively exploits data from the State Bank and maintains the sending of reports on insured deposits of participating organizations according to regulations.
Through the results of monitoring and analysis, the performance of the units is generally stable, with a good growth rate, reasonable capital structure, basically complying with regulations on safety indicators in banking operations, credit quality is guaranteed, bad debt accounts for a low ratio compared to total outstanding debt. Only 6 people's credit funds are classified in group 5, of which 4 units are under special control. The branch has been actively coordinating with the State Bank branches in the provinces in the work of special control of the units.
In addition, the branch performed well in humanitarian charity work, during the year organized activities to return resources and contribute to charity funds, support and social security activities with a total amount of: 240 million VND.
Speaking at the conference, comrade Pham Bao Lam - Party Secretary, Chairman of the Board of Directors of Vietnam Deposit Insurance acknowledged and highly appreciated the results that the North Central Deposit Insurance branch achieved in various fields in the past year.
Deploying the work in 2025, comrade Pham Bao Lam requested the North Central Deposit Insurance branch to continue to implement the governance mechanism well in accordance with the regulations of the Deposit Insurance of Vietnam, the direction of the Board of Directors and the General Director. Effectively implement the mechanisms and policies of the Party, the laws of the State and the industry in a complete and timely manner; Organize the implementation of the detailed plan to deploy the Action Program to implement the Deposit Insurance Development Strategy to 2025, with a vision to 2030. Monitor and coordinate the effective implementation of the Regulation on coordination, provision and exchange of information with the State Bank branches in the provinces.
At the same time, build and focus on completing the proposed work plan. Focus on completing the periodic inspection of Bac A Commercial Joint Stock Bank, Thanh Hoa Microfinance Organization and 40 People's Credit Funds; coordinate to inspect commercial banks according to the Decision of the General Director of the Deposit Insurance of Vietnam; inspect according to the request of the State Bank of Vietnam.
Supervise 100% of deposit insurance participating organizations under the Branch's management; perform well the work of granting and revoking deposit insurance participation certificates, implement regulations on information reporting on insured deposits, and remind deposit insurance participating organizations to comply with State regulations.
Coordinate with the State Bank of the provinces in special control work, participate in handling credit institutions with problems according to regulations. At the same time, carry out propaganda on deposit insurance policies and deposit insurance activities in the area in the right direction. Strengthen and promote information and propaganda work with rich forms and contents, suitable for each subject to improve propaganda effectiveness, strengthen depositors' confidence...
On this occasion, the conference launched an emulation movement and announced the decisions to reward collectives and individuals of the Deposit Insurance Branch in the North Central region. Specifically, the Governor of the State Bank of Vietnam awarded Certificates of Merit to 1 collective and 2 individuals; and presented commemorative medals for the cause of Vietnam Banking to 9 individuals of the Deposit Insurance Branch in the North Central region.
Deposit Insurance of Vietnam also awarded Certificates of Merit to 3 outstanding labor collectives and 11 individuals as emulation soldiers for their excellent performance in 2024.
