Vietnam: Credit institutions must carry out inspection and assess operation of the standby system every 06 months

According to Article 52 of the Circular No. 09/2020/TT-NHNN of the State Bank of Vietnam, implementation of plans for continuous operation assurance is prescribed as follows:

1. Each institution must establish and implement a plan for assurance of continuous operation of information systems (unless the main information system operates parallel with the standby system), which must meet the following requirements:

- Carry out inspection and assess operation of the standby system at least every six months;

- Carry out operational conversion from the main system to the standby system and carry out operations on the standby system for at least 1 working day in respect of each of the information systems listed as prescribed in Clause 2 Article 49 hereof, once every year in respect of the information system of level 4 or higher, or once every two year in respect of the information system of level 3 or lower; assess results and update conversion procedures and scenarios (if any). In case the operational conversion cannot be carried out in the working day, the standby system must be established to have the same capacity and configuration with the main system, and the operational conversion must be carried out every year to check the availability of the standby system.

2. Any institution which has only one working office in Vietnam (excluding microfinance institutions and local people’s credit funds) must organize annual drills for the purpose of ensuring continuous system operation.

3. The institution shall inform the drill plan, contents and scenario for conversion for continuous operation to the SBV (via the Information Technology Authority) no later than 5 working days before conversion via the following email: antt@sbv.gov.vn.

View more details at the Circular No. 09/2020/TT-NHNN of the State Bank of Vietnam, effective from January 01, 2021.

Thuy Tram

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