Foreign capital seeking domestic software firms
-   +   A-   A+     30/08/2011
A lot of big information technology firms are planning to join the Vietnamese market by teaming up with small Vietnamese software firms.
Steinar Evensen, Managing Director of Conexus, a software developer and product license seller in Norway, has said that his company is looking for partners in Vietnam as a part of its plan to penetrate the South East Asian market.

Steinar Evensen, Managing Director of Conexus, a software developer and product license seller in Norway, has said that his company is looking for partners in Vietnam as a part of its plan to penetrate the South East Asian market.

The senior executive said that Conexus is taking hectic preparation to set up a subsidiary in Vietnam, in case the expectations of the company can be met.

“Initially, our company has got sufficient necessary and reliable information to expand the outsourcing activities in Vietnam,” Steinar Evensen said on Dau tu, noting that Vietnam could serve as the gateway to the ASEAN market

Another Norwegian software manufacturer – Advali – has also sent word that it is seeking another place to set up another software outsourcing center, besides the operational one in Bangalore in India. The representative of Advali said that Vietnam is considered as a suitable place for Advanli to do this – building a software center with good labor force and reasonable costs.

He went on to say that the company is targeting the Vietnamese software firms with 30-50 workers, and that the two sides will cooperate to do the outsourcing works relating to the coding and Internet mobile technology development.

Commenting about the fact that two Norwegian companies are seeking cooperation opportunities in Vietnam, the Vietnam Association of Software and Information Technology Service Companies said that this is really a golden opportunity for Vietnamese small firms to cooperate with foreign companies, which allows them to learn the management skills, upgrade the technologies and march towards the international market.

Meanwhile, French Dassault Systèmes has signed a strategic partner cooperation agreement with Vietnamese FPT (the Corporation for Financing and Promoting Technology), on building up the list of products for cooperation based on Dassault Systèmes’ solutions to be used in the fields of telecom and banking in Vietnam.

Also, Dassault Systèmes has also decided to team up with FPT to set up an excellent technology center in the telecom sector. It is expected that the center’s initial labor force would comprise of 30 workers, while the number would rise to 100 later.

“With the cooperation with FPT, Dassault Systèmes is targeting the Vietnamese telecom and banking markets,” said Philippe Forestier, a senior executive of the French firm.

The foreign information technology firms, which are operating in Vietnam, are also considering expanding their operation in the country. Harvey Nash, the British group, has released the plan to expand business in Vietnam by turning Vietnam into the center for recruitment service center of the group in Asia Pacific.

Harvey Nash’s President, Paul Smith, said his group hopes that the service export turnover from Vietnam would increase significantly in the next two years, which allows to bring high value jobs to consultancy and information technology firms.

HP Group has officially established a 100 percent foreign owned software company in Vietnam, in an effort to build up a software center of the company in HCM City which would have the investment capital of 18 million dollars.

In related news, in the first seven months of 2011, 33 foreign invested projects in the field of information and technology were registered, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

By December 31, 2010, Vietnam had licensed 636 projects in the information technology and communication which had had the total registered capital of 4.758 billion dollars. This means that the industry got 33 more foreign invested projects in the last seven months.

Buu Dien has quoted its sources as showing that the information technology and communication is the fourth biggest sector in terms of attracting foreign direct investment.



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