HCM City, Guangdong look to stronger trade, investment ties

The success of Quang Trung Software City Quang Trung Software City (QTSC) has been operating for over eight years since its establishment in March 2001. Director of the Quang Trung Software Park, Chu Tien Dung, said the QTSC has so far attracted 104 software enterprises, including 54 foreign-invested enterprises from Holland, the UK, the US, Japan, Thailand and Switzerland, with a total investment of US$60 million and provided training on information technology (IT) for nearly 3,500 engineers and 9,000 students. Regarding the efficiency of the investment, the QTSC has annually earned a revenue of US$15 million/hectare. Especially, according to an international consulting organisaiton, the QTSC ranks fourth among 200 trademarks in the field of information technology in Vietnam. At a ceremony to celebrate 8th anniversary of its establishment, Deputy PM Nguyen Thien Nhan highlighted great efforts undertaken by the QTSC in turning a deserted plot of land into the country’s leading software park. However, the QTSC should devise a detailed plan through 2015, with a focus on increasing the domestic use of software products, strengthening activities on scientific research, and cooperating in training IT human resources for export. However, director of the QTSC Chu Tien Dung acknowledged that the park revealed its shortcomings in Research and Development (R & D) activities. In addition, revenues of software enterprises in the QTSC remain low, as they are mostly small-scale businesses. Moreover, there remain limitations in cooperation among enterprises in the park. Therefore, this year, the QTSC will continue to invest in building…... [read more]

The winners were Chu Tien Dung with 520 points in information technology/software applications skill, Hoang Duc Long with 518 points in electronics, Le Minh Bang and Nguyen Van Hoa with 514 points in mechatronics, and Dao Duy Khanh with 513 points in cooking. Vietnam also competed in web design, electrical installations, joinery, restaurant service, and refrigeration at the World Skills Calgary 2009. During the four-day competition that ended on September 6, the Republic of Korea (RoK) competitors took the lead with 11 golds, five silvers and six bronzes, followed by Japan with six golds, three silvers and four bronzes. The competition drew more than 900 contestants from 51 countries and territories competing in 45 skills. The 41st contest will be held in London, the UK in 2011.... [read more]

Tran Phuc Hong, managing director of TMA Solutions, forecast the software outsourcing market would maintain stable growth towards the year-end as most of the contracts had been secured in the year to date. “TMA’s revenue rose by around 20% in the first quarter against last year’s same period. We have signed contracts for the entire year,” Hong said. Similarly, Global CyberSoft won many outsourcing contracts from the Japanese and North American markets in the first three months of this year and this helped the company register strong growth of some 25%, said deputy general director Ngo Van Toan. On the optimistic side, Chu Tien Dung, Chairman of the Ho Chi Minh City Computer Association and Chairman of Quang Trung Software City Development Company, said the major markets for local software outsourcing firms in the period included Japan, North America and Europe. In January-March, enterprises at Quang Trung Software City posted a year-on-year revenue increase of 34% to VND678.1 billion, with exports up 37.4% to US$16.82 million. These firms outsourced software products for 20 markets, including the United States, Japan and Europe. “The current demand for new technologies, including cloud computing, mobility and big data, is forecast to surge this year and is opening many opportunities for enterprises to increase earnings. However, enterprises are encountering a lack of programmers,” Dung said. This challenge was also mentioned by Toan at a recent conference held by the Ho Chi Minh City Computer Association that that software companies were thirsting for employees as the…... [read more]

The CIO ASEAN AWARDS 2011 was co-organized by the International Data Group (IDG), the National Steering Committee on Information and Communications Technology, the Ministry of Information and Communications, the Ministry of Home Affairs, and the Vietnam Chamber of Commerce and Industry (VCCI). Among awardees are Amarit Laorakpong D.Eng – Executive Vice President of Siam Commercial Bank, Ho Sin Kheong – CIO of RHB Bank, Malaysia. There are two female winners, namely Dam Thi Huyen - Deputy General Director of the Vietnam National Petroleum Corporation (Petrolimex), and Dang Thi Phuong Ba – Director of IT Center of Saigon -Hanoi Commercial Joint Stock Bank (SHB). Others include Cao Ba Thuy – IT Manager – HABUBANK, Chu Tien Dung – Chairman of Quang Trung Software City Development Company Ltd, Doan Quang Hoan – Director General of the Authority of Radio Frequency Management, Ministry of Information and Communications, Do Van Xe – Vice Rector of Can Tho University, Phan Ngoc Tho – Vice Chairman of Thua Thien Hue Provincial People’s Committee, Thai Vinh Lieu - Deputy Permanent Secretary of IT Steering Committee of Quang Tri Provincial Committee, Tran Ma Thong – Deputy Director of Ho Chi Minh City Customs Department, and Tran The Nam – General Director of Asia Informatics JSC (AICT). Addressing the event, Vice-chairman of National Steering Committee on Information and Communication Technology, Do Trung Ta, who is also Chairman of Board of Judges of this year’s Awards, underlined that “If you keep a lookout in the industry of banking – finance…... [read more]

The event was co-organized by Entrepreneur Magazine, Vinabull Company, Le Bros Company, and Info TV Channel. At the event, speakers provided a macroeconomic overview and shared their successful experiences to foster innovations for their business operations. Economic expert Le Dang Doanh analysed Vietnam’s challenges and opportunities in 2012, saying inflation and bank interest rates will go down and economic restructuring, mostly targeting public investment, banks and State-owned enterprises (SOEs) will be enhanced, - a move that encourages the private sector to invest in infrastructure development projects. Doanh said the restructuring process will create opportunities for the stock market to rebound, and the economy to attract more investment through merger and acquisition (M & A) deals. According to the senior expert, economic groups’ divestment from their non-core businesses and the equitisation of SOEs will be boosted to shore up the financial market. Alan Phan, President and CEO of Viasa Fund, also introduced to participants attractive business and investment channels for 2012. Le Thanh An, the US Consul General in HCM City, delivered a speech on business opportunities with American businesses, while the Chief Representative of Aureos Capital Vietnam presented the current challenges and opportunities in M & As. Other scholars such as Le Quoc Vinh, President and CEO of the Le Group; Dang Le Nguyen Vu, President and CEO of Trung Nguyen Coffee; and Chu Tien Dung, President of Quang Trung Software Park, also delivered reports on barriers and strategies to overcome difficulties in communications and entertainment, investment opportunities in the…... [read more]

CNS inks strategic partnership with card developer Chi Thinh HCMC - Saigon Industry Corporation (CNS) on November 23 announced its strategic partnership with NXP Semiconductor to supply smart cards and solutions related to security cards. Under the partnership, the Dutch card manufacturer will offer and assist CNS in the development of new-generation smart card solutions. Chu Tien Dung, general director of CNS, said: “CNS is adopting solutions for the development of IC products in collaboration with foreign partners, including NXP. We are also working with many developers of cards, card readers and non-cash payment solutions. These are the contributors to the building of our IC factory in the city in the future.” In addition, CNS aims to become a supplier of IC products, solutions and applications integrated with smart cards, security control cards and membership cards. Together with NXP, CNS will carry out many projects of smart city and smart government, responding to the strategic development of the Internet of Things in Vietnam. On this occasion, CNS also signed cooperation agreements with many other partners including card developers like VietCard, SmartWorld, Greentech and WireCard, to jointly offer solutions and applications for various fields like education, healthcare, and transport. The IC factory of CNS will go up in the Saigon High-Tech Park in HCMC’s District 9. This is the “core” of the IC development program in the city with estimated investment of VND6.6 trillion. The facility is designed with a capacity of some 5,000-10,000 semiconductor wafers per month. With the use…... [read more]

QTSC becomes national software park By Hien Nguyen - The Saigon Times Daily HCMC - HCMC-based Quang Trung Software City, or QTSC, will become a national level software park to support development in the information technology industry and to export IT experts abroad, as heard at the 8th anniversary ceremony of the park on Monday. Quang Trung Software City is home to 104 software companies with 3,500 IT developers, including 54 foreign invested companies from 17 countries, mainly Canada, the U.S, France, the Netherlands, Australia, Japan and Korea. Last year, 10 of these companies reached US$1 million in turnover each and one reached US$8 million. Chu Tien Dung, QTSC director, told the Vietnam News Agency that these results reflected the good business environment of the software park but then expressed concerns about the global economy, the acute shortage of human resources for software sector development, outsourcing contracts and loss of markets. Dung recommended the Government use a provisional fund from the economic stimulus package for outsourcing companies and draw a master program to promote outsourcing abroad to lure customers. Quang Trung Software City targets to lure enterprises with 1,000 or more IT developers and annual turnover of US$70-100 million by 2010. This year, QTSC will focus on foreign investment companies operating in business process outsourcing, data storage and solution and software outsourcing. It will also centralize human resources to meet national demand. QTSC offers its enterprises a variety of preferential policies, including exemption from corporate income tax in the first…... [read more]

New way needed to propel ICT industry By Hien Nguyen - The Saigon Times Daily HCMC - Vietnam will need to find a new way to accelerate the information and communication technology sector given the global recession. Chu Tien Dung, chairman of the HCMC Computer Association, said at a press briefing on the 14th Vietnam Computer Electronics World Expo in HCMC on Tuesday that the ICT sector would not be spared by the downturn. The Government, he said, has adopted a range of policies to encourage the sector's development since 2000. But the sector's contributions to the country's economy is modest. Over the years, many organizations have relied heavily on software outsourcing which contributes only 0.4% to the country's GDP and software outsourcing turnover which reached US$500 million in 2007 but fell 20% in 2008. Nguyen Trong Duong, deputy head of the Information and Technology Department under the Ministry of Information and Communication, said the world information and communication trend had changed drastically in recent years and ICT service is a segment to bring more profits to enterprises. Duong said ICT services were contributing considerably to enterprises' total turnover. Elsewhere in the world, turnover from ICT services accounts for 40-60% of enterprises' total turnover. However, in Vietnam, turnover form ICT services make a small piece in its total turnover. To prop up the sector, Duong advised, enterprises should strengthen their investment, technology and human resources for the ICT service in years to come to obtain more profits. To find out…... [read more]

QTSC aims to become major IT park By Nhan Tam - The Saigon Times Daily HCMC - Quang Trung Software City (QTSC) in HCMC will be developed into a giant information technology park, said Chu Tien Dung, general director of Quang Trung Software City Development Co. Speaking at an event held at the White Palace Convention Center in HCMC last Friday to meet partners and investors, and honor the best enterprises at QTSC, Dung said the company would make use of experiences and advantages acquired over the past nine years to map out a long-term development strategy. "Our three main goals are to attract the biggest enterprises and nurture small ones to turn the park into Vietnam's biggest software producer; supply high-quality human resources to help the sector take off; and create a favorable business environment to help firms thrive," Dung said. One of the activities to carry out the plans is to boost promotion programs toward both domestic and foreign enterprises. At the ceremony, QTSC signed strategic cooperation agreements with three news media organizations - Saigon Times Group, Vietnam Investment Review and Sai Gon Giai Phong - to shore up publicity for the IT park. Le Manh Ha, director of the HCMC Department of Information and Communications, said that after nine years of operations, QTSC had become a software park brand in Vietnam. "As for future development plans, I think, it's necessary to build a chain of Quang Trung Software Cities in other cities and provinces or even in…... [read more]

Software makers enjoy fast growth on domestic market By Hien Nguyen - The Saigon Times Daily HCMC - In shifting their business focus to the domestic market following the global economic crisis, they have found their endeavor richly rewarded with turnover increasing strongly, experts said at a seminar in HCMC yesterday. The country's total turnover from software services last year amounted to US$600 million, US$255 million of it from the domestic software service market alone, they said at the seminar as part the annual Vietnam Computer Electronics World Expo organized by International Data Group and the HCMC Computer Association. The software outsourcing segment has slowed down considerably over the past three years, rising at an average of 25% compared to 30%-40% in the previous years. The main reason was the global economic downturn, which put a serious impact on local outsourcing companies, with orders from traditional markets like Japan and the U.S. tumbling. Meanwhile, software companies that ploughed carefully through the domestic soil recorded impressive growth in revenue. The top five including CSC, TMA and FPT obtained a 46% year-on-year rise in turnover from the domestic market last year, while their combined outsourcing revenue rose only 13%. Ha Than, general director of Lac Viet Computing Corp. and member of the HCMC Computer Association, said at the seminar that these figures proved the growth of the domestic software service market. "The local software service market remains potentially lucrative and has room for more domestic software services growth. Currently, hundreds of contracts…... [read more]

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