IBM and Vietnamese Finance Ministry Working on Financial Management Reform Plan

The Ministry of Finance (MOF) and IBM have reaffirmed each other's commitment to the Treasury & Budget Management Information System (TABMIS) project. Teams from both organisations reported on the progress of the TABMIS project to date. The TABMIS project—inked in December 2006 in a deal worth USD 49 million and funded by the World Bank—is set to reform the Vietnamese financial and budget management system to enhance its performance measurement and standardise its financial control mechanisms, as per the statement issued by the company.

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