Vietcombank modernizes its core banking and MPA systems with FPT

CLIENT

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is one of the four largest banks in Vietnam, serving more than 20 million users and 40 million accounts.

RESULTS

VCB Core Banking

• Officially went live on January 27, 2020.
• Implemented core banking for 114 branches and 554 transaction offices, integrating multiple systems across Vietcombank.
• Played an important role in enabling Vietcombank to diversify products and services, especially on digital platforms.

VCB MPA

• The Multidimensional Profitability Analysis (MPA) system officially went into operation on September 11, 2020.
• The MPA system provides an effective tool for analyzing and evaluating business performance.
• Business performance data can be analyzed in detail by customer, product, and business unit, supporting business divisions with valuable insights and contributing to improved operational efficiency and banking management aligned with best practices.