FPT IS run SG3.1 Project for State Bank

SG 3.1 project worth nearly USD 9 million will provide Core Banking, Budget and Financial Management System and Integration System on Enterprise Services Bus - ESB for the State Bank of Vietnam after its completion.

The event is an important milestone for both parties to formally enter the implementation phase of the project after thorough discuss and preparation.

Speaking at the ceremony, Director of IT Department of the SBV cum Director of PMU Le Manh Hung emphasized the project scale. "This project combines technology with a profession in banking. The latter’s important role requires the deployment unit to coordinate with the professional department of the SBV for specific knowledge. As the chosen solution has been successfully deployed in the world, it will certainly bring about significant effects if well implemented", he said.

FPT IS CEO Pham Minh Tuan committed to investing the best resources in the project. "As this is involved in many different components, FPT IS will mobilize experts from various departments and subsidiaries to participate in the project", said he.

He also stated that FPT IS along with some leading technology companies in the world such as Oracle, Tibco and Temenos would offer the SBV a suitable system according to international standards.

Funded by the World Bank, SG 3.1 is part of a project to modernize the information system management of the State Bank, with a total investment of 71.83 million USD. SG 3.1 project worth nearly USD 9 million will provide Core Banking, Budget and Financial Management System and Integration System on Enterprise Services Bus - ESB for the State Bank of Vietnam after its completion.

This is considered a strong step in IT application to meet the increasing demands of the professional activities of the SBV.