Hitachi Signs a Memorandum of Understanding to Support Digitization of Financial Services Provided by Vietnam Post Jointly with SMBC
Step-by-step digitization of payment procedures for social security subsidies and pension, starting April 2017
Tokyo, March 29, 2017 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that it has signed a memorandum of understanding with the Socialist Republic of Vietnam’s state-owned enterprise Vietnam Post, to support the digitization of financial services provided by Vietnam Post jointly with Sumitomo Mitsui Banking Corporation (“SMBC”). The memorandum of understanding was signed today at the Ministry of Internal Affairs and Communications, in the presence of Ms. Sanae Takaichi, Minister for Internal Affairs and Communications, and Mr. Truong Minh Tuan, Vietnamese Minister of Information and Communications. In relation to this memorandum, Hitachi Asia (Vietnam) Co., Ltd., a Hitachi Group Company, has signed a Master Service Agreement with Vietnam Post, regarding the provision of IT services to achieve digitization of financial services.