Wednesday, November 21, 2018 10:45:55 AM - Markets open
VN-INDEX 911.53 -7.49/-0.81%
HNX-INDEX 103.21 -0.69/-0.67%
UPCOM-INDEX 51.66 -0.40/-0.76%
Japan - Potential market for Vietnam’s IT firms
VietnamPlus - 3/14/2018 10:47:02 AM
 (0 ratings. You must sign in to rate.)
Japan – one of countries leading the way in implementing the advances of the 4th Industrial Revolution, is witnessing strong investment from Vietnam’s information technology (IT) firms.
 
FPT - one of Vietnam's leading technology groups, on March 13 launched its sixth representative office in Hamamatsu city, Shizuoka prefecture. Previously, in 2017, CMC group opened an office in Yokohama city, Kanagawa prefecture. 
 
Smaller-scale Vietnamese IT firms also plan to invest in other regions of Japan after opening branches in Tokyo and Nagoya. 
 
According to FPT Chairman Truong Gia Binh, Japan is a potential market  for IT companies, with about  20 Vietnamese IT enterprises having opened offices in the market so far. 
 
For FPT, the Japanese market accounts for more than half of its global revenue. The firm has over 400 Japanese customers, including 50 of the world’s biggest businesses. FPT has maintained annual growth of 30 percent in the market. 
 
The Vietnam Software and IT Services Association is encouraging the trend, which is hoped to lay a foundation for turning Vietnam into a software-export country, he noted. 
 
Talking about advantages for Vietnamese IT companies when investing in Japanese market, Binh said similarities in culture and strong diplomatic and socio-economic ties between the two countries help Vietnamese operate in the market. 
 
Vietnam can also help rejuvenate the workforce in Japan with its young population and low labour costs. Vietnam is a supply source of new technologies, artificial intelligence, robotics and data analysis that many Japanese companies want, he added. 
 
Vietnam is estimated to earn 1 billion USD from exporting software by 2020. –VNA
 
Read original article here
Newer News
20/08 HCMC FDI shrinks dramatically
04/08 VN up one place in UN e-government index
31/07 23 billion USD in FDI lands in Vietnam in 7 months
30/07 FDI disbursement rises 8.8 percent in seven months
11/07 Domestic firms surpass FDI sector in export growth
28/06 FDI surpasses 20 billion USD in H1
06/04 Vietnam attracts US$3.34 billion in FDI
Older News
13/03 Jardines Matheson to play part in restructuring weak banks?
26/02 Government focuses on divestment in oil and gas sector Read more at http://vietnamnews.vn/economy/business-beat/423334/government-focuses-on-divestment-in-oil-and-gas-sector.html#fca5YTkYRkp8wDqP.99
26/02 Foreign investors register to invest 1.25 billion USD in January
10/01 IFC funds clean water access project in Vietnam
10/01 EIB executive visits Vietnam to seek increased partnership
26/12 Insurance market maintains growth above 21%
25/12 MA in real estate sector to increase in 2018
25/12 FDI in VN rose 44% to hit new record in 2017
19/12 Foreign investment surges in eleven months
15/12 VND100 trillion needed for Bac Van Phong Special Zone
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 10:57:54 AM
VN-INDEX 911.53 -7.49/-0.81%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.