ID :
18695
Tue, 09/09/2008 - 22:44
Auther :
Shortlink :
http://m.oananews.org//node/18695
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Telecom, IT businesses reap rewards from overseas investment
Hanoi (VNA) - Only two Vietnamese telecom and information technology
businesses have invested abroad so far but their ventures have proved to be fruitful.
The Vietnam Military Telecom Company (Viettel) was the first Vietnamese
telecom services provider to reach out to the overseas market in 2006.
The company is now a leading provider of channel leasing services in
Cambodia and holding a large market share in the VoIP market after a year
entering the neibouring country.
Viettel General Director Nguyen Manh Hung said Viettel plans to provide
mobile telecom service in Cambodia from October this year and increase
its investment capital there from 28 million USD to 70 million USD in the
coming time.
The company will expand its mobile phone service network in Laos and open
a representative office in Myanmar .
The second daring business in this field is FPT Software, a subsidiary of
the Financing and Promoting Technology Corporation (FPT).
The software company has established five branches in Singapore , Japan ,
France , the US and Malaysia .
FPT Software's branches in Japan and Singapore alone generate 77
percent of revenues and 80 percent of total orders of the company after only
a year of operation.
FPT Software General Director Nguyen Lam Phuong said that it plans to open
another branch in Europe and expand its business network to northern
European countries, including Sweden , Denmark and the Netherlands
within the next two years.
The Ministry of Planning and Investment's Foreign Investment Department said
investment activities towards foreign countries are gaining momentum as more
Vietnamese businesses have developed financial strengths and begun to look
outside the border for expansion opportunities.
Vietnam has so far had 317 valid overseas projects with registered
capital of 2.5 billion USD.
However, the FPT Software director said that the largest difficulty
Vietnamese businesses face while investing abroad, especially in telecom,
was building trademarks.
Meanwhile, the Viettel General Director said businesses needed State
guarantee to get loans from Vietnamese banks operating at invested
countries.-Enditem
businesses have invested abroad so far but their ventures have proved to be fruitful.
The Vietnam Military Telecom Company (Viettel) was the first Vietnamese
telecom services provider to reach out to the overseas market in 2006.
The company is now a leading provider of channel leasing services in
Cambodia and holding a large market share in the VoIP market after a year
entering the neibouring country.
Viettel General Director Nguyen Manh Hung said Viettel plans to provide
mobile telecom service in Cambodia from October this year and increase
its investment capital there from 28 million USD to 70 million USD in the
coming time.
The company will expand its mobile phone service network in Laos and open
a representative office in Myanmar .
The second daring business in this field is FPT Software, a subsidiary of
the Financing and Promoting Technology Corporation (FPT).
The software company has established five branches in Singapore , Japan ,
France , the US and Malaysia .
FPT Software's branches in Japan and Singapore alone generate 77
percent of revenues and 80 percent of total orders of the company after only
a year of operation.
FPT Software General Director Nguyen Lam Phuong said that it plans to open
another branch in Europe and expand its business network to northern
European countries, including Sweden , Denmark and the Netherlands
within the next two years.
The Ministry of Planning and Investment's Foreign Investment Department said
investment activities towards foreign countries are gaining momentum as more
Vietnamese businesses have developed financial strengths and begun to look
outside the border for expansion opportunities.
Vietnam has so far had 317 valid overseas projects with registered
capital of 2.5 billion USD.
However, the FPT Software director said that the largest difficulty
Vietnamese businesses face while investing abroad, especially in telecom,
was building trademarks.
Meanwhile, the Viettel General Director said businesses needed State
guarantee to get loans from Vietnamese banks operating at invested
countries.-Enditem
