As an organization directly affected by this law, the Deposit Insurance of Vietnam is always proactive and actively participates in the process of building according to the plan of the State Bank of Vietnam. This process requires the Deposit Insurance of Vietnam to focus resources to implement effectively.
Proactively participate, propose many amendments
In the process of participating in the construction of the Law on BHTT (amended), the Vietnam PHT always proactively and actively coordinated with units of the State Bank to summarize the implementation of the Law on BHTG; research and propose policies to amend and supplement the Law on BHT; participate in comments on the application for the construction of the Law on BHTG (amended). BHTGVN has completed official dispatches to the State Bank to participate in, update data, propose contents related to amendments and supplements to the Law on BHTG.
Accordingly, BHTGVN has proposed specifically about the content, clearly stating the reason, assessing the impact and summarizing international experience for each proposed content. In addition, at meetings, discussing amendments and supplements to the Law on Population, organized by the State Bank, the Vietnam Bank has actively reported specific reports on difficulties and obstacles in the process of implementing the Law on BHT, content and reason for detailed proposals and explanations for some issues that still have different opinions between units.
In addition to giving written comments, the Vietnam Deposit Insurance Corporation also participated in professional meetings chaired by the State Bank, proactively reported on implementation practices, proposed solutions to handle problems and participated in discussions on issues with many different opinions.
Mobilizing all resources
Participating in the development of the Law poses a high resource requirement for Vietnam Deposit Insurance. BHTGVN has established a Drafting Committee and a working group to develop the Law on Unemployment Insurance (amended), mobilizing many specialized units to coordinate research and proposals in each field of expertise to make appropriate proposals, ensure quality, and meet the requirements.
In order to carry out the process of researching, reviewing, drafting and commenting in the process of developing the Law on BHTG (amended), the financial resources are very important. BHTGVN needs to prepare the necessary financial resources to have policies to support the team participating in the study of law construction. For the expenses related in the process of participating in the construction of laws, it is also expected by the PHTPVN to create favorable conditions when deployed.
The Vietnam Deposit Insurance Corporation also focuses on collecting relevant data to analyze and evaluate the impact of policies and draft laws.
In addition, to make the participation in giving opinions on the development of the Law of good quality, the Vietnam Deposit Insurance Corporation also consulted with experts in the fields of law making, finance, banking, insurance, organizations participating in unemployment insurance, and surveys from people on unemployment insurance policies.
In the process of implementing the development of the Law on Unemployment Insurance (amended), focusing resources on technology is very necessary. BHTGVN has focused on fully equipping technical facilities, computer systems, internet, email, document management software, etc.
In the coming time, BHTGVN will continue to coordinate with the State Bank and related units to review and complete the application for the construction of the Law on BHTG (amended), and at the same time summarize the problems arising from the practice, to propose appropriate and timely amendments.
The amendment of the Law on Deposit Insurance is expected to contribute to perfecting the policy of protecting depositors, improving the operational efficiency of the Vietnam Deposit Insurance Corporation, and creating a solid legal foundation for the safe and healthy development of the credit institution system in Vietnam.
