03 Principles for Software Development and Maintenance of SBV Business Operations

03 principles for developing and maintaining business operations software of SBV (Illustrative image)

Article 4 of Circular 34/2012/TT-NHNN stipulates general principles for developing and maintaining business operations software of the State Bank of Vietnam as follows:

1. Business operations software is developed based on the business requirements of the presiding business unit and the user unit. Each business operations software must have a presiding business unit responsible for business-related issues and a presiding IT unit responsible for technical issues. The business operations software, after the warranty period expires, must be maintained for long-term operation and utilization.
2. The Information Technology Department, units under the State Bank of Vietnam, and third parties must clearly define and properly execute their responsibilities and authorities as per relevant regulations during the development and maintenance of business operations software.
3. In case a unit is assigned multiple roles in the process of developing and maintaining a specific business operations software, that unit must issue a document clearly assigning the responsibilities of various departments within the unit as per each assigned role and must ensure the independence of the departments in charge of development, control, and approval of the software’s development and maintenance.

Moreover, Article 5 of Circular 34/2012/TT-NHNN stipulates that the specialized IT unit must organize the development of a plan and IT application architecture for the State Bank of Vietnam which includes IT application orientation content. The presiding IT unit and software development unit must ensure that the development of business operations software complies with the IT application orientation of the State Bank of Vietnam.

For details, see the regulations in Circular 34/2012/TT-NHNN, effective from February 10, 2013.

Le Vy

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE