Financial sector modernisation project reviewed
The State Bank of Vietnam (SBV) held a conference in Hanoi on October 25 to review the financial sector modernisation and information management system project.
At the conference (Source: VNA) Hanoi (VNA) – The
State Bank of Vietnam (SBV) held a conference in Hanoi on October 25 to review
the financial sector modernisation and information management system
project.
Conducted in the SBV, the Credit Information Centre (CIC) and the Deposit Insurance of Vietnam (DIV), the project had a total investment of 71.83 million USD, of which 60 million USD was from the International Development Association (IDA), 0.83 million USD in non-refundable aid from the Japanese government and the remaining from Vietnam’s State budget.
SVB Vice Governor Nguyen Kim Anh said it is the first project covering key areas of the banking sector, including monetary policy, foreign exchange management, forecast-statistics, banking inspection and supervision, human resources management, accounting-finance, document management, CIV and DIV capacity improvement.
The first stage from January 2011 – August 2013 focused on capacity improvement while the second stage from August 2013 to December 2017 centred on information technology infrastructure upgrade.
They issued nearly 80 circulars, decisions and hundreds of documents guiding the operation and management of IT systems, and launched seven key IT systems in line with the Decision No.2049/QD-NHNN dated October 9, 2012 of the SBV Governor.
DIV General Director Dao Quoc Tinh said via the project, a system of standard hardware and software was installed at the headquarters and eight regional branches. A data centre was based in Hanoi while a back-up centre was launched in the central city of Da Nang.
The DIV standardised 87 banking processes up to international practices.
As of December 31, 2017, the project was completed and achieved targets set in the agreement signed between Vietnam and the IDA.-VNA
Conducted in the SBV, the Credit Information Centre (CIC) and the Deposit Insurance of Vietnam (DIV), the project had a total investment of 71.83 million USD, of which 60 million USD was from the International Development Association (IDA), 0.83 million USD in non-refundable aid from the Japanese government and the remaining from Vietnam’s State budget.
SVB Vice Governor Nguyen Kim Anh said it is the first project covering key areas of the banking sector, including monetary policy, foreign exchange management, forecast-statistics, banking inspection and supervision, human resources management, accounting-finance, document management, CIV and DIV capacity improvement.
The first stage from January 2011 – August 2013 focused on capacity improvement while the second stage from August 2013 to December 2017 centred on information technology infrastructure upgrade.
They issued nearly 80 circulars, decisions and hundreds of documents guiding the operation and management of IT systems, and launched seven key IT systems in line with the Decision No.2049/QD-NHNN dated October 9, 2012 of the SBV Governor.
DIV General Director Dao Quoc Tinh said via the project, a system of standard hardware and software was installed at the headquarters and eight regional branches. A data centre was based in Hanoi while a back-up centre was launched in the central city of Da Nang.
The DIV standardised 87 banking processes up to international practices.
As of December 31, 2017, the project was completed and achieved targets set in the agreement signed between Vietnam and the IDA.-VNA
You should also see
Vietnam eyes strengthening multifaceted cooperation with Hungary: NA Chairman
National Assembly (NA) Chairman Vuong Dinh Hue on April 16 said that Vietnam always values and wishes to strengthen multifaceted cooperation with Hungary, a traditional partner and the only comprehensive partner of Vietnam in the Central Eastern European region when receiving First Officer of the Hungarian National Assembly Márta Mátrai in Hanoi.
See more
Business
Deputy PM receives former UK PM Tony Blair
Deputy Prime Minister Le Minh Khai received Tony Blair, former UK Prime Minister and Executive Chairman of the Tony Blair Institute for Global Change (TBI), in Hanoi on April 16.
Business
Vietnam has opportunities to attract, develop the offshoring market
Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Business
Long An hosts meeting to help RoK businesses solve difficulties
The People’s Committee of the southern province of Long An on April 16 held a dialogue with enterprises from the Republic of Korea (RoK) to help them deal with difficulties and obstacles when doing business in the locality.
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
