The Deputy PM made the remark at a ceremony to celebrate the 15th anniversary of the DIV in Hanoi on November 4.
He also directed the DIV to co-ordinate with the State Bank of Vietnam (SBV) and relevant agencies to submit to the Government a limit of deposit insurance payment in conformity with the current socio-economic situation.
The DIV was established in 1999 under the SBV, aiming to ensure the interest of depositors and the stability of the credit institution system after the economic crisis in the late 90s in Asia.
In 2012, the National Assembly adopted the Law on Deposit Insurance that helped complete the legal framework for the operations of deposit insurance.
With an initial chartered capital of VND1 trillion (US$47 million) in 1999, the DIV has raised its total capital to over VND20 trillion (US$940 million) and recorded an annual growth rate of over 20%.
During the past 15 years, the DIV has provided deposit insurance services to more than 1,200 organisations for accounts held with over VND30,000 trillion (US$1.41 trillion).
