To promote bilateral experiences exchange and information sharing so as to enhance the functions of the deposit insurance systems in both countries, the Central Deposit Insurance Corporation (CDIC) and Deposit Insurance of Vietnam (DIV) signed the Memorandum of Understanding in Hanoi, Vietnam in December 2006 which was renewed in December 2009. In order to continuously strengthen the cooperative relationship between two organizations, CDIC Executive Vice President Mr. Lawrence L.C. Pan paid a visit to DIV from December 13-15, 2010 in Hanoi, Vietnam, and had meetings with its Chairman Mr. Mai Minh De and General Director Dr. Bui Khac Son. They shared and exchanged experiences and views on the recent development, future perspectives of the respective deposit insurance systems as well as the post-crisis challenges. In the future, the two corporations will keep the ties close by exchanging of information and personnel, in the hope that both deposit insurance systems will be enhanced and advanced.