VIB, Microsoft team up to boost service speed and innovation
The Vietnam International Bank (VIB) and Microsoft Vietnam has announced a three-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation, create valuable new services to meet present and future banking needs of customers.
Tran Nhat Minh Deputy CEO and CIO of VIB poses for a photo with the partnership certificate. (Photo: courtesy of VIB)
Hanoi (VNA) - The Vietnam International Bank (VIB) and MicrosoftVietnam has announced a three-year strategic partnership to leverage Microsoft Azureas the preferred cloud platform to accelerate the pace of innovation, createvaluable new services to meet present and future banking needs of customers.
Cloud computing has become a trend around the world. For the banking industry,this is no longer a technological concept but actually a strategy that can helpimproving customer experience, accelerating product development, enhancingsecurity, optimising costs and pioneering in applying new technologies intoservices, Han Ngoc Vu, VIB CEO said.
“We believe that using cloud-based solutions is unavoidable going forward, andchoosing Microsoft as strategic partner for multi-cloud platform development isan appropriate venue for the bank,” Vu said.
Microsoft capabilities will empower VIB to create a multi-cloud ecosystem usingMicrosoft Azure as the primary cloud for VIB applications, while ensuring thesame applications can move or run across a secondary cloud if necessary, VIBsaid in a statement.
In the next three years, VIB will prioritise transferring and hosting itsapplications and business platforms on the cloud. During the process, the bankis simultaneously modernising and shifting the computing workload includingbusiness applications and end-user computing needs to this new platform, it said.
Under the agreement, the two sides will also deploy important projects onCybersecurity, Big Data, AI, Open API, IoT and Modern Workplace to achieveVIB's digital transformation process.
In addition, Microsoft will provide training and certification for VIBemployees to ensure that the human resources are qualified with the best skillsin applying technologies to the working process and implementing work tasks.
VIB’s cloud migration strategy started with the preparation of the elements oftechnology and human resources. From the beginning of this year, the bank haspioneered in using cloud technology in some projects.
The speed and scale of continuous innovation offered by Microsoft Azure willallow VIB to create a secure, high-speed, low-latency infrastructure whilereducing the cost of integrating multi-clouds with its existing IT system whileproviding a better banking user experience, according to VIB./.
Microsoft Vietnam will sponsor 5.4 billion VND (233,676 USD) to aid Vietnam’s efforts in protecting children online as part of a freshly signed agreement.
Google and Microsoft are accelerating efforts to shift production from China to Southeast Asian countries, including Vietnam, amid the worsening novel coronavirus (SARS-CoV-2) outbreak, the Nikkei Asian Review reported.
Three Vietnamese startups have been selected by Microsoft to participate in the “Highway to a 100 Unicorns” initiative in the Asia-Pacific region, a scheme that aims to strengthen the region’s startup ecosystem.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Tran Nhat Minh Deputy CEO and CIO of VIB poses for a photo with the partnership certificate. (Photo: courtesy of VIB) 
