Lao Viet Bank Launches Core Banking Transformation Project to Accelerate Modernization and Enhance Competitiveness
On May 5, 2026, in Vientiane, Lao Viet Joint Venture Bank (LVB) officially held the launch ceremony for the Core Banking System Transformation Project, marking a significant step in the process of modernizing its technology platform.
The project is being implemented in collaboration with the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the leading U.S. technology partner—Fidelity National Information Services LLC (FIS). Accordingly, LVB will replace its current Core Banking system with FIS’s new technology platform, comprising key components: Profile Core Banking, Trade Finance, and the Capital & Risk Management system (Quantum), with an expected implementation timeline of 13 months.
The project will be executed using a hybrid Agile and Waterfall methodology, encompassing key phases such as requirements analysis, system development and configuration, testing, data migration, training, and operational deployment.
During the implementation, BIDV, as the parent bank, will transfer expertise, methodologies, and provide high-quality human resources support to help LVB inherit a unified technology platform and operational model, thereby shortening the implementation timeline and minimizing risks. Partner FIS provides technology solutions and in-depth technical support for the Trade Finance and Treasury components, ensuring the project complies with international standards.
The Core Banking migration is considered a foundational transformation of the core technology infrastructure, enabling LVB to continue deploying modern technology systems, developing new products and services, and enhancing the customer experience.
