In order to construct a mutual collaboration platform for the exchange of experiences and the sharing of information, and through this to enhance the function of the deposit insurance mechanism, Mr. Do Khac Hai, Chairman of Deposit Insurance of Vietnam (DIV), and Dr. Ray-Beam Dawn, Chairman of Central Deposit Insurance Corporation (CDIC, Taiwan), on behalf of their respective organization signed the Memorandum of Understanding (MOU) as a formal prelude to a closer bilateral cooperation in Hanoi, Vietnam on 15 December 2006. This has also constituted an important milestone in the development of and cooperation between the two deposit insurance systems. In the future, the two organizations will further promote the development of the deposit insurance systems in Vietnam and Taiwan through the sharing of information, the exchange of personnel, and meetings or conferences held on either side, thereby making the deposit insurance system more effective.