Deposit insurance effectively protects depositors
11:10 | 12/12/2017 Finance - Banking
(VEN) - Deposit insurance is a measure implemented by deposit insurers to protect depositors and contribute to ensuring safe, healthy development of the banking system. Under Prime Ministerial Decision 21/2017/QD-TTg, the maximum deposit insurance coverage limit is VND75 million, including principal and interest. The Law on Deposit Insurance stipulates that insured deposits exceeding the coverage limit will be treated in the process of dealing with the assets of insured institutions.
PM assigns new State budget estimates, increased basic salary in 2018
15:17 | 08/12/2017 Finance - Banking
Prime Minister Nguyen Xuan Phuc has issued a decision to assign new State budget estimates in 2018 to the relevant authorities and localities, as well as urging them, on the basis of the assigned estimates, to take initiative in deploying the increase in basic salary for civil servants and public employees from July 1 next year.
Vietnam, UK boost audit partnership
15:34 | 04/12/2017 Finance - Banking
Comptroller and Auditor General of the National Audit Office of the UK (NAO) Amyas Morse and State Auditor General of Vietnam Ho Duc Phoc have agreed to share information about financial auditing and continue with IT and personnel training cooperation.