Morpho and Bank for Investment and Development of Vietnam sign agreement on strategic collaboration

Paris, October 1, 2013.

Morpho (Safran) and the Bank for Investment and Development of Vietnam (BIDV), the leading state-owned bank in Vietnam, announced that they have signed a Memorandum of Understanding to promote and develop strategic collaboration to enhance IT security and relevant skill development of BIDV and its personnel.

Within the scope of this agreement, Morpho will promote the use of biometrics, payment and digital identity management technologies and solutions.

"By choosing Morpho's high-tech solutions for integration in our current systems, BIDV has gained a strategic partner, allowing us to give our clients and employees state-of-the-art, high-security biometric-based solutions," said Tran Bac Ha, Chairman and CEO of the Bank for Investment and Development of Vietnam.

Philippe Petitcolin, Chairman and CEO of Morpho, added, "With this agreement, Morpho will give BIDV innovative solutions that will provide Vietnamese citizens with services combining security and ease of use. It also reflects Morpho's strategy for the continued development of our business in the Asian banking sector."

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About Bank for Investment and Development of Vietnam - BIDV
BIDV, one of the leading financial institutions in Vietnam, was established in 1957. The Bank operates in the fields of banking, securities, insurance and financial investment. BIDV local community is internationally known and recognized as one of the leading brands of Vietnam Southern Bank of Commerce.
For more information : www.bidv.com.vn

About Morpho
Morpho (Safran), is one of the world's leading suppliers of identification, detection and e-document solutions. Morpho is specialized in personal rights and flow management applications, in particular based on biometrics, a sector in which it is the world leader, as well as secure terminals and smart cards. Morpho's integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and countries.
For more information : www.morpho.com www.safran-group.com

Morpho (Safran)
Communications Department
11 boulevard Gallieni
92130 Issy-les-Moulineaux
France
www.morpho.com

Press Contact:
Christelle Kinkead
Tel +33 (0)1 58 11 87 44
christelle.kinkead@morpho.com