AsiaNet 55994

HANOI, Feb 27, 2014 (ANTARA/BERNAMA-AsiaNet) --

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 U.S. dollar, 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 capable 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.

Mr. Nguyen Toan Thang, Deputy Governor of The State Bank of Vietnam said: “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 successfully implement the project as planned.”

“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 Ms. Vivian Tay, Deputy Managing Director, Public Safety, NEC Asia Pacific.

As planned, the project is expected to complete in the next 9 months, from 03/2014 to December 12/2014.

About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at

About NEC Asia Pacific Pte Ltd
Singapore-based NEC Asia Pacific is the regional headquarters for NEC Corporation (HQ: Japan) in the Asia Pacific region (South and Southeast Asia, and Oceania). As a leading infocomm technology provider and systems integrator offering regional sales and services support and consultancy, NEC APAC develops solutions on carrier network, global identity, RFID, enterprise server, unified communications, multimedia display, and contact centre, as well as provide outsourcing and managed services.

To leverage on its technological expertise, NEC APAC has established regional competency centres for public safety and display solutions to expand its capabilities and expertise to support businesses in the Asia Pacific region.

In line with the NEC Group Vision to realize an information society friendly to humans and the earth, NEC embarks on corporate social responsibilities initiatives to support the Nature (environment), Education and Community.

NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2014 NEC Corporation.

SOURCE : NEC Asia Pacific Pte Ltd

NEC Asia Pacific
Ms. Masako Hirano

Ms. Cherie Ho

Editor: PR Wire
Copyright © ANTARA 2014