Nghe An propagates legal policies on deposit insurance
On the morning of August 12, in Dai Dong commune, Thanh Chuong district, the Deposit Insurance of Vietnam in the North Central region coordinated with the State Bank of Vietnam, Nghe An province branch and Thanh Van People's Credit Fund to organize a conference to propagate policies and laws on deposit insurance.
Attending the Conference were Mr. Ngo Quang Luong - Full-time member of the Board of Directors of the Deposit Insurance of Vietnam; Ms. Phan Thi Thanh Binh - Deputy General Director of the Deposit Insurance of Vietnam; Mr. Nguyen Loc Anh - Deputy Director of the State Bank of Vietnam, Nghe An branch; Mr. Tran Van Lam - Director of the Deposit Insurance of Vietnam, North Central branch, Thanh Van People's Credit Fund and many people in Thanh Chuong district.
The conference aims to disseminate to depositors the contents related to policies and laws on deposit insurance; issues related to organizations participating in deposit insurance as well as depositors that need to be concerned. Thereby, contributing to bringing policies and laws on deposit insurance into life.
Vietnam Deposit Insurance is currently protecting depositors' deposits at 1,279 deposit insurance participating organizations, including 96 banks and foreign bank branches, 1 cooperative bank, 1,178 People's Credit Funds and 4 microfinance organizations; protecting direct and indirect interests through deposit insurance operations from issuing deposit insurance certificates, collecting fees, monitoring, inspection...
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Speaking at the conference, Mr. Tran Van Lam - Director of the Deposit Insurance of Vietnam, North Central Branch, said that the unit is currently managing 223 organizations participating in deposit insurance, including 221 People's Credit Funds (accounting for 18.71% of People's Credit Funds nationwide).
With the goal of building and strengthening depositors' trust in credit institutions, the Branch always pays attention to implementing propaganda work to bring legal policies on deposit insurance into life, thereby contributing to maintaining the stability of the local banking system.
At the conference, people in Dai Dong commune and neighboring localities watched video clips and skits about the benefits of deposit insurance. At the same time, officers of the Deposit Insurance disseminated policies, laws and the operation of the Deposit Insurance of Vietnam as well as the North Central branch; presented some important contents of the Deposit Insurance Development Strategy to 2025, with a vision to 2030.
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During the Q&A session, people raised questions related to deposit insurance such as: How to recognize insured deposits, types of insured deposits, depositor benefits, deposit insurance limits, inspection and supervision activities of Vietnam Deposit Insurance for organizations participating in deposit insurance in the area? When the Credit Fund is no longer operating, what will happen to customers' deposited money? What are the standards and procedures for receiving insurance money back?
People's opinions were answered by leaders of the Deposit Insurance of Vietnam and the North Central branch, and the State Bank of Vietnam Nghe An branch, helping people better understand deposit insurance policies and the legal rights and interests of depositors.
On behalf of the Board of Directors of the Deposit Insurance of Vietnam, Mr. Ngo Quang Luong - Full-time member of the Board of Directors thanked and acknowledged the proposals, recommendations, and shared opinions at the conference.
The unit will continue to coordinate with organizations participating in deposit insurance to disseminate deposit insurance policies to the public, aiming to protect depositors and support credit institutions to develop increasingly safely, healthily and sustainably.
