Successfully implemented core banking system for Laos Viet Bank

The project to migrate core-banking system for Laos Viet Joint Venture Bank was declared a success on November 25 in Vientiane Plaza, Vientiane, Lao PDR.

The ceremony was attended by the Lao government and state officials, Bank of the Lao PDR, Chairman Tran Bac Ha of Bank for Investment and Development of Vietnam (BIDV) and leadership of BIDV and Lao Viet Joint Venture Bank.

Chairman Do Cao Bao of FPT IS and the company’s representative office in Lao and leaders of FPT IS Bank also attended this significant event.

This is a large project FPT IS has participated as the prime contractor with the total contract value of USD 4.3 million for both hardware and software portions, in which Flexcube is one of the largest core-banking systems with various complicated modules.

The project was requested to complete on schedule and in a short period of time. It was completed in ten months as expected thank to the determination and devotion of each project team member.

The project team was highly appreciated by leadership of BIDV and Laos Viet Bank for overcoming difficulties during the project implementation. The Bank presented FPT IS a gift to recognize the company’s effort in making the project a great success.

The successful implementation of core-banking system for Laos Viet Bank has leveraged the prestige of FPT IS in the highly potential Lao market.