Deploying first IT project on credit professional in Vietnam

The signing ceremony of the deal to implement a data management system for CIC between the State Bank of Vietnam (SBV), FPT IS and DP Information Network.

The project aims at assisting SBV to bring key functions in line with international standards by developing a centralized and integrated system of advanced business processes and a modern information technology architecture.

As planned, the project will be implemented within 14 months from November 2013 to December 2014. It is also the first large-scale IT project in Vietnam relating to credit professional.

Mr. Nguyen Toan Thang, Deputy Governor of SBV, said that SBV selected the qualified and experienced joint venture contractors, including FPT IS and DP Information Network Pte. , Ltd. (Singapore) known as a partner with extensive experience implementing IT projects in banking sector, to implement the important project on a data management system for CIC.

CEO of FPT Bui Quang Ngoc considered it the first integrated project in Vietnam relating to credit professional. "Determining this is a large and important deal for both the customer and us, FPT will try its best in this project,” said the head of FPT.

The project of a data management system for CIC is funded by World Bank with the total capital investment of USD 71.83 million. It consists of 3 components including modernizing the State Bank, Strengthening the Credit Information Center (CIC), and the Deposit Insurance of Vietnam (DIV).