FPT wins $ 34m contract in Bangladesh

The FPT Information System Company (FPT-IS) beat five international contractors to win a US$33.6 million contract to provide, implement and maintain the Integrated VAT Administration System (IVAS) for the Bangladeshi government.

An official contract was signed by FPT-IS and the National Board of Revenue (NBR) of ftpBangladesh in Dhaka on September 16.

The contract accounts for one-tenth of the US$310 million trade figure reached between Vietnam and Bangladesh in the first six months of this year.

FPT-IS will implement the project IVAS over 12 months and provide maintenance service in the following five years. Its technicians will carry out solutions on software, infrastructure and management services for more than 320 local tax agencies under NBR.

Due to limitations in IT application, indirect tax collection of the Bangladeshi government has faced many difficulties, which affected its tax collection and statistical gathering operations.

IVAS will help the Bangladeshi government lift the country’s VAT collection from the figure of US$4.5 billion last year, accounting for 3.7 percent of gross domestic product (GDP) to US$8 billion, or 4.5 percent of GDP, by 2020.

The signing of the IVAS deal confirmed that Vietnam’s information and technology (IT) capacity is capable of meeting the requirements of large-scale projects in foreign countries, said FPT IS Chairman Do Cao Bao at the signing ceremony.

The victory is not only for FPT-IS but for the country’s IT sector in the global market, opening co-operation opportunities between Vietnam and Bangladesh in particular and in the Southern Asian region in general, even if a key competitor and giant of IT – India is located in the region.

Md Nojibur Rahman, Chairman of NBR, said that it is an important project for the board, which will help the Bangladeshi government to increase its state revenue.

“We are optimistic that the co-operation between FPT and its consultant units will make the project successful” the chairman said.

FPT-IS has also won many contracts in foreign countries including Cambodia, the Philippines, Laos, and Myanmar.

-nhandan.org.vn/


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