The Prime Minister decided to re-appoint Mr. Pham Bao Lam to hold the position of Chairman of the Board of Directors of the Deposit Insurance of Vietnam.
Specifically, the Prime Minister decided to re-appoint Mr. Pham Bao Lam to hold the position of Chairman of the Board of Directors of the Deposit Insurance of Vietnam.
The decision takes effect from July 31, 2025.
* During his career, Mr. Pham Bao Lam held the position of Director of the Transaction Department of the State Bank. In September 2017, he was appointed as Director of the Issuance and Treasury Department of the State Bank.
On July 31, 2020, the Prime Minister issued Decision 1162/QD-TTg appointing Mr. Pham Bao Lam - Director of the Issuance and Treasury Department of the State Bank of Vietnam to hold the position of Chairman of the Board of Directors of the Deposit Insurance of Vietnam.
According to Decision 1395/QD-TTg dated August 13, 2013 of the Prime Minister stipulating the Charter on the organization and operation of the Deposit Insurance of Vietnam, the Deposit Insurance of Vietnam has the following tasks and powers: Develop a strategy for developing deposit insurance for the State Bank to submit to the Prime Minister for approval and implementation; issue, reissue and revoke Certificates of participation in deposit insurance; request organizations participating in deposit insurance to provide information on insured deposits periodically or suddenly.
In addition, the Deposit Insurance of Vietnam provides information to the State Bank and accesses information of the State Bank; calculates and collects deposit insurance premiums for organizations participating in deposit insurance in accordance with the provisions of the Law on Deposit Insurance and related legal documents; manages, uses and preserves deposit insurance capital. The Deposit Insurance of Vietnam pays and authorizes payment of insurance premiums to insured depositors in accordance with the provisions of the Law on Deposit Insurance and related legal documents; monitors and inspects compliance with legal provisions on deposit insurance; recommends the State Bank to handle violations of legal provisions on deposit insurance.../.
Source: https://baochinhphu.vn/bo-nhiem-lai-chu-tich-hoi-dong-quan-tri-bao-hiem-tien-gui-viet-nam-102250616184533026.htm
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