ACB bank building $2 mln data center in HCM City

Ho Chi Minh City-based Asia Commercial Bank (ACB) Thursday launched the project of building a new data center worth US$2 million here, with IBM partnering in the information technology plan.

The Enterprise Module Datacenter, to be situated in the Quang Trung Software City in District 12, aims to standardize the fast expanding banking group’s IT infrastructure, ACB said.

A file photo illustrates a server room

IBM and Vietnam’s Asia Information and Communications Technology Company (AICT) do the work of design, architecture and construction of the data center, which is set for completion in four months.

“We believe that advanced technology, expertise and experience from IBM as well as AICT will be a key factor to the success of the ACB long-term development strategy,” said ACB vice chairman Le Vu Ky.

He added that his banking group has currently total assets of about VND200 trillion (around US$10 million) and this number is expected to rise to VND800 trillion by 2015, as ACB plans to become a top financial institution in the country by that year.

Mr. Ky said in the next five years, the number of ACB outlets would triple from the current 300, and the number of customers would be 5-7 times higher than now.

By Tuong Thuy

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