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HPT accompanies with VIB in applying BASEL II standard

On October 26th, 2015, Hanoi, the Kick - Off ceremony for “Basel II Standardized Solution” project will take place between Vietnam International Bank (VIB) and HPT Vietnam Corporation (HPT). It had presence of Mr. Nguyen Viet Anh - Vice Director of HPT Application Solution & Service Center (HAS) - and Leaders of VIB, BlackIce.



Kick - Off ceremony for “Basel II Standardized Solution” project for VIB


As one of the 10 banks selected by the State Bank of Vietnam to implement Basel II – a set of international banking regulations for capital adequacy, based on credit risk, market risk and operational risk, VIB has decided to choose HPT as the local partner to implement the “Basel II Standardized Solution” of  BlackIce Enterprise Risk Management Inc, Canada. With this project launch, VIB expects to fully meet SBV’s requirements for Basel II Standardized capital by the end of 2015.


The Basel II Standardized Solution, called BlackIce ERA, implemented by HPT, is a compliant and working solution that is capable of integrating data in a logical manner from source systems, performing the necessary calculations and analytics and then populating reports required for Basel II as well as overall best practice risk management analytics. Hence, this is an open platform software application that not only delivers end-to-end data and analytical standards to meet all of the regulatory expectations of Basel II but also helps VIB to take advantage of advanced measurement approaches of Basel II.  


Applying Basel II is an important and positive step for VIB, which is also compliant with regulation of SBV with respect to risk management. The successfully implemented VIB - Basel II Standardized Solution will provide VIB with an international – standard best practice risk management framework. The project has strong and active support from VIB’s board of directors and is being implemented by an experienced senior team within VIB and HPT. 

 



Mr. Nguyen Viet Anh - Vice Director of HPT Application Solution & Service Center (HAS) - and Leaders of VIB, BlackIce congratulated the project kickoff


Mr. Nguyen Viet Anh – Vice Director of HPT Application Solution and Service Center (HAS) says at the ceremony: “It is our great honor to help VIB break the ice with a powerful framework and calculator, serving their risk assessment performance under Basel II standards. We commit to invest time, resources and make every effort to make sure this project will succeed, supporting VIB to remain one of the most prestigious banks in Vietnam”.

 



Mr. Nguyen Viet Anh – Vice Director of HPT Application Solution and Service Center (HAS) - delivered speech at ceremony


Vietnam International Commercial Joint Stock Bank, abbreviated as Vietnam International Bank (VIB), was founded on 18th September 1996, with its head office based at No.16 Phan Chu Trinh Street, Hoan Kiem District, Hanoi City. VIB has the highest credit strength rating in Vietnam, having recently been upgraded by Moody’s to a positive outlook.


By 15th June 2015, after 19 years in operation, VIB has become one of the leading commercial joint stock banks in Vietnam, with total assets of nearly VND 80,000 billion. The year 2010 marked a significant development milestone of VIB by a strategic partnership with the Commonwealth Bank of Australia (CBA) - the Number One retail bank in Australia and one of the world’s leading banks with over 100 years of experience. This strategic partnership supports VIB’s long-term plans in the bank’s business strategy and especially to improve the customer service quality in line with international standards.


Founded on January 13, 1995, HPT has been increasingly developing in size and improving to be a leading prestigious and highly customer – trusted IT product and service provider of Vietnam, specializing in comprehensive IT service from infrastructure, integration to application software solution. With more than 20 years of operation, HPT is one of top five leading ITC companies in Vietnam, awarded Certificates of Top 5, Gold medal prizes for ITC System Integration provider and Gold medal for Software – Service provider.

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