VN, Laos tighten ties in deposit insurance

Update: July, 17/2019 - 14:44


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

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