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Vietnam wins US$33.6 million contract in Bangladesh

by VTV418 September 2015 Last updated at 16:25 PM

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VTV.vn - Vietnamese software company FPT beat out eight competitors by successfully bidding for a US$33.6 million contract to provide a Tax Administration System for Bangladesh.

This amounts to 1/10 of the two countries’ bilateral trade turnover in the first 8 months of 2015.

The signing ceremony was held on Thursday, with the participation of the Vietnamese Ministry of Finance, the Bangladesh National Tax Agency, and the World Bank.

Under this contract, FPT will provide both applications and infrastructure for the client. The project is expected to be completed within 12 months.

The system will serve 320 local tax authorities in Bangladesh. This success will pave the way for the export of Vietnamese intellectual property to the South Asia.