The National Credit Information Centre of Viet Nam (CIC) under the State Bank of Viet Nam (SBV) on Thursday launched a data management system - CG1 contract.

The contract was jointly carried out by Vietnamese FPT IS and Singaporean DP Credit Bureau Pte Ltd.

It is part of the Financial Sector Modernisation and Information Management System (FSMIMS) project sponsored by World Bank.

The project aims to enhance the operational capability for CIC on information technology platforms and professional processes.

With the successful implementation of the CG1 and the FSMIMS projects, CIC has acquired a modern information system to become an important pillar for the country’s financial infrastructure system.

The new system allows CIC to manage closely and decentralise to different groups of users, including SBV departments and agencies, SBV branches in provinces and cities, more than 1,200 financial organisations, 4,000 credit branches and 40,000 user accounts, said Nguyen Kim Anh, SBV deputy governor, at the ceremony.

The system is also expected to allow millions of borrowers to access the system to check their personal information. — VNS