Financial sector modernization project extended

The PM asked the State Bank of Viet Nam to receive comments from the Ministries of Finance and Planning and Investment to make adjustments to the project documents, work with the WB on the adjustments, and supervise the implementation of the project

The objectives of the Financial Sector Modernization and Information Management System Project are to assist the State Bank of Viet Nam, the Credit Information Center (CIC), and the Deposit Insurance of Viet Nam (DIV) to improve the delivery of their main functions in accordance with relevant international standards for the banking sector.

Under the project, a centralized and integrated system of advanced business processes and a modern information technology architecture will be developed and institutional capacity in carrying out their operations will be enhanced.

By Thuy Dung

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