Hanoi, 22 April - On the 25th anniversary of BIDV’s implementation of information technology, the bank’s IT Centre was honoured to receive a Third Class Labour Medal for the second time. The bank was also awarded two Sao Khue Awards for its products IMAP and BIDV Home Banking.

25 years since its inception, BIDV’s information technology system has made great progress. Beginning in 1991 with only two computers, BIDV now has 1,000 servers, 7,000 network devices and 1,000 Local Area Networks (LAN), with a new security system currently being invested in, which will provide comprehensive solutions and multi-layers.

Each year the bank’s IT team completed software volumes equivalent to 25,000 man-days as well as launching 50-60 high quality software products. Information technology has completely changed the bank’s management methods, creating a breakthrough in the quantity and scale of products and services to meet the diverse needs of more than eight million customers, thereby significantly contributing to enhancing the competitiveness of the bank.

In recognition of the bank’s IT’s contributions and outstanding achievements, the President of Vietnam selected BIDV’s IT Centre for the Third Class Labour Medal. The centre has also been honoured with four certificates of merit from the Prime Minister.

At the Sao Khue award ceremony 2016, Vietnam Software and IT Services Association (VINASA) awarded the Sao Khue award to BIDV for its home banking and IMAP products. BIDV Home Banking is an e-banking programme installed on customers’ computers and connected to BIDV that enables customers to conduct online transactions with the bank. The IMAP programme handles swift money transfer messages from other banks to BIDV. With IMAP, auto accounting messages reached more than 90 percent, helping the bank save tens of billion of dong per year, and significantly reducing operational errors.

The prestigious Sao Khue award recognises outstanding products and services in the software industry and IT services. In recent years BIDV has received three Sao Khue awards for its products, namely stock payment, online bill payment and tax payment portal.