NEC awarded infrastructure project by State Bank of Vietnam Today, NEC Asia Pacific, a leading infocomm technology provider, together with MITEC JSC, a Vietnam solutions provider, has been awarded the contract “Procurement of Servers, Middleware and Database for the State Bank of Vietnam” by the State Bank of Vietnam (SBV).   With a total investment of over $9 million, the project will boost infrastructure and storage capacity to support the expanding technology needs of the bank. As part of the Financial Sector Modernisation and Information Management System (FSMIMS), a $71.83 million project financing by World Bank, this project will help to equip and deploy the set-up of server system, middleware, network equipment, software and advanced databases in the data center and backup center of SBV, which is capabable of integrating with SBV’s current IT & communication, to support the operation of core banking systems, data warehouse and other business applications of SBV. Awarded to the NEC-MITEC consortium, the project will provide the needed infrastructure to upgrade current banking technologies, and to integrate with international banking systems. It will strengthen capacity supporting implementation of monetary and foreign exchange policies, as well as enhance banking inspection processes of the bank. The project will not only help support the operation of core banking systems but also involve training and knowledge transfer to local staff after implementation. NEC Vietnam will work with NEC Asia Pacific for operations support to the project locally. “I am very happy that the State Bank of Vietnam has chosen highly competent and experienced partners as NEC Asia Pacific Pte., Ltd – Singapore and Mitec Vietnam JSC.,. The State Bank of Vietnam hopes and believes NEC-MITEC will continue to uphold their strengths and jointly coordinate to sucessfully implement the project as planned,” Nguyen Toan Thang, deputy governor of the State Bank of Vietnam said. “The project is yet another milestone for us in Vietnam, and we are glad to be given the opportunity to enhance the State Bank of Vietnam’s banking infrastructure. The FSMIMS is a key project and of paramount importance to facilitate linkages between SBV and financial intermediaries, as well as enhance domestic and cross-border exchanges within the financial markets. With our many years of experience in implementing large scale solutions for government and financial institutions in Vietnam, along with our strong domain expertise, we are confident of delivering a successful implementation,” said Vivian Tay, deputy managing director, Public Safety, NEC Asia Pacific. As planned, the project is expected to complete in the next nine months, from March 2014 to December 12, 2014. By Hoang Anh, VIR