Establishing Core Banking and MPA Systems at Vietcombank

Organisation

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

Key Results

VCB Core banking

• Officially went live on January 27, 2020
• Deploying Core banking for 114 branches and 554 transaction offices, integrating with hundreds of different systems of Vietcombank.
• Having an important meaning for Vietcombank as it enables the diversification of products and services for customers, particularly on the digital platform.

VCB MPA

• The MPA (Multi-Dimensional Profit Analysis) system was officially launched on September 11, 2020.
• This system serves as a powerful tool for analyzing and evaluating the effectiveness of business operations.
• Business performance data is analyzed and evaluated in detail for each customer, product, and unit, providing valuable information to business units, contributing to enhancing operational efficiency and bank governance according to best practices.

“With the recent implementation of the ERP project and the MPA project and upcoming projects, Vietcombank will be equipped with a systematic and complete system for internal management, financial reporting system and will create a data governance block. With the implementation method and experience of the project teams, Vietcombank is fully committed to preparing the best resources to cooperate with strategic partner, FPT IS, in implementing this project.” Ms. Phung Nguyen Hai Yen – Deputy General Director of Vietcombank, Head of the MPA Project Implementation Committee