VN, Laos tighten ties in deposit insurance

July 17, 2019 - 14:44

The Deposit Insurance of Vietnam (DIV) has reviewed its co-operation with the Depositor Protection Fund of Laos (DPF) last year, eyeing further improvement in ties.

A Deposit Insurance of Vietnam (DIV) sign displayed at an HDBank office. - Photo kinhtenongthon.vn

VIENTIANE — The Deposit Insurance of Vietnam (DIV) has reviewed its co-operation with the Depositor Protection Fund of Laos (DPF) last year, eyeing further improvement in ties.

The two sides discussed their co-working efforts last year and exchanged ideas for future co-operation and amendments to the signed memorandum of understanding (MoU).

The DPF wanted to learn from the DIV’s experience in capital management, deposit data collection, management and arrangement of information data and internal network systems, and human resource management.

The DPF suggested the two sides continue exchanging experience in deposit insurance next year, focusing on exchange of data and supervision of their member banks following the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance Systems.

The DPF and the DIV also held a workshop on managing deposit protection funds and raising public awareness. VNS

Tags Deposite Insurance of Vietnam Vietnam-Laos partnership

Market continues slight correction as VN-Index slips below 1,270 points

Economy

Foreign tourists to Việt Nam rose 41% in January-November

Economy

Việt Nam’s coffee exports possibly surpass $5 billion for first time

Economy

Indian scholar impressed with Việt Nam’s development achievements

Economy

Conference promotes womens’ economic empowerment through partnership towards green growth

Economy

HCM City hosts international bakery exhibition

More on this story

Economy

Mekong agricultural development project launched

Việt Nam wants to foster co-operation between countries in the Mekong sub-region and share experiences in agricultural and rural development through policy advisory networks of not only government agencies but also non-governmental organisations and the private sector.

Economy

The southern provinces of Việt Nam will receive many billion-dollar FDI projects

Foreign direct investment, especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency.

Economy

Smartphone use, internet access critical to building a ‘smart’ HCM City

To achieve smart-city status, at least 90 per cent of residents in HCM City should be using a smartphone by 2022, a top official said on July 16 at a communications conference held in the city.

Economy

Logistic booms with million-dollar deals, foreign firms look to spread

The logistics market in Việt Nam is booming with million-dollar merger and acquisition (M&A) deals and foreign names with strong financial and technology potentials are striving to increase market share in the country.

Economy

VN, South Korea trade, investment ties on strong footing: seminar

South Korea has increased investment in Việt Nam in the last few years, and this trend is expected to continue, a seminar heard in HCM City yesterday.

Economy

Vinacapital acquires Smartly operations

VinaCapital, one of Việt Nam’s leading investment companies with US$1.8 billion in assets under management, on July 16 announced that it had acquired the business operations of Smartly Pte Ltd, one of the first robo-advisory investment platforms to launch in Singapore.