Solutions to Vietnam Banking System

ViB Forum reporter Luu Thuy Hiep had an interview with Mr Masato Goto, General Director, NTT Communications Vietnam Ltd.

 NTT Communications (Vietnam) Ltd.was established as a wholly-owned subsidiary of NTT Communications (NTT Com) on December 25, 2001. Before that, the NTT Group had carried out a variety of business in Vietnam in the years since establishing a liaison office in metropolitan Hanoi in 1994. An example of this is the collaboration between NTT Vietnam Corporation, now an affiliate of NTT East, and Vietnam Post and Telecommunications (VNPT) for basic network construction in the suburbs of Hanoi. In 1999, the original NTT representative office was replaced by NTT Com's Hanoi representative office. The following year NTT Com concluded a service agreement to launch frame relay interconnection services for Vietnam Data Communication Company (VDC), a data-communications affiliate of VNPT Group, in March 2001. In Sept 2006, the business cooperation between NTT Com and VDC was hallmarked by their agreement to provide Multi Protocol Label Switching-based Global IP-VPN services in Vietnam under the name of VPN/VNN-Arcstar.

 

 We all know that Vietnam’s WTO accession has been attracting many foreign investors and business corporations. Especially, in the ICT market, Vietnamese related laws have been modified, creating a more open environment for foreign ICT corporations, such as NTT Communications Corporation and of course, many others. In facing new opportunities and challenges, we continue to consolidate our position in this market as one of the top ICT solution providers.

Based on the fact that our NTT Communications Corporation has been operating in over 20 countries worldwide, as a subsidiary in Vietnam, we focus on the customers from multinational companies. With those customers, we can provide one-stop professional solutions ranging from network integration to system integration. Our services include ICT infrastructure planning, installation and maintenance.

 

Our marketing strategy is not only oriented to the Business-to-Business model but also the Business-to-Business-to-Customer one. Our ultimate goal in this market is to satisfy the customers. At most, we understand that the customers’ voices will surely help us to improve our performance and make our trade name well-recognized in this market.

 

 

Among the multinational corporations operating in Vietnam, the international banks have been our strategic customers and our services have been facilitating their international integration.

 

In reality, the ICT infrastructure of banking systems always claims strictly for stability and security. Our solutions of network integration and system integration own all the necessary standards to meet those requirements. For example, the network outages may come from objective factors such as some natural calamities or subjective ones. To provide the customers with best services, our network integration solutions allow customers to use a diversified connecting system. For example, we can connect customers from Vietnam to the other countries via two separated directions, Hong Kong and Singapore. That means our solutions do not include any single-point of failure which should be avoided in the ICT infrastructure of financial network systems.

 

In addition to our network and system integration solutions, we are closely cooperating with other members of NTT Group to develop ICT-based applications. Furthermore, our good relation with Vietnamese vendors is also another advantage.

 

Finally, our comprehensive solutions will find the banking system potential for our business development in Vietnam.