Deposit insurance proposes to increase chartered capital

07-Feb-2005 Intellasia | 04/Feb/2005 Tin Tuc page 3 | 3:32 PM Print This Post

After four-years of operations, Deposit Insurance of Vietnam (DIV) has paid nearly 17 billion dong to 33 compulsorily liquidated people’s credit funds.
However, according to vice governor of the central bank Tran Minh Tuan, DIV’s chartered capital of one trillion dong is too small compared with compulsory deposit insurance needed by credit institutions. Therefore, DIV in the near future will propose the prime minister to adjust and supplement its chartered capital to five trillion dong by the end of 2006. Particularly in short-term DIV will propose the prime minister this year revise Decree 89/CP in order to create better conditions for deposit insurance activities.


Category: Finance

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