President of the Central Deposit Insurance Corporation, Mr. Howard Wang, paid a visit to the State Bank of Vietnam at the end of September 2009. The major purpose of his trip was to discuss resolution issues concerning the Chinfion Bank in order to facilitate the sale of the Chinfion Vietnam branches. During this business trip, President Wang also took the opportunity to visit Deposit Insurance of Vietnam(DIV), which has been an MOU partner of the CDIC since 2006. President Wang had respective meetings with DIV’s Chairman Mr.Mai Minh De and General Director Dr. Bui Khac Son. They shared and exchanged experience and views on the update of development of the respective deposit insurance systems and the measures adopted by both countries in response to the financial turmoil and economic recovery.