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             Frequency: Fortnightly              Date: May 4th, 2010

 FPT CORNER

  FPT Software and FPT Corporation report Q1/2010 business results

FPT Software revenue in the first quarter of 2010 was approximately US$12 million, exceeding planned projections by 9%, and showing impressive growth of 30% in comparison with the same period last year. In particular, profit increased 46% compared with the plan.

FPT Software’s productivity rose 23% compared with the same period in 2009.

Most market areas increased spectacularly in comparison with the same period of 2009: Asia Pacific grew 47%, Europe (75%), the USA (69%), and Vietnam (90%). Even the Japanese market surpassed 16% compared with projections. It is predicted that FPT Software will exceed US$13 million revenue in the second quarter.

Also in mid April, FPT announced that the Corporation achieved revenue of VND4.27 trillion (about US$224 million) in the first quarter of this year, an increase of 8.7% over the same period last year and 6% compared with projections.

FPT earned a pre-tax profit of VND455 billion (aprox US$23.9 million), 157% of its projections, and a 16.2% increase over the same period last year.

The performance in the first quarter was attributed to improvements in software exports, distribution, training, telecoms and integrated system services.

FPT continues to pursue its "e-Citizens" strategy, concentrating intensively on core businesses, and appealing for synergy among member companies to introduce products and services.

FPT Software and Neopost honored at 2010 Sao Khue Awards

FPT Software received the award for Excellent Software Outsourcing Company while its partner Neopost was honored as the Gold Partner of Vietnam’s software industry at the 2010 Sao Khue Award Ceremony held at the Hanoi Opera House on April 21st.

Neopost is number one in Europe and number two worldwide in mailroom equipment and logistics systems. Starting in 2007, Neopost has been the 1st customer to account for 8% of FPT’s total revenue.

The Sao Khue Awards were initiated by the Vietnam Software Association (VINASA) in 2003 to praise organisations and individuals who make great contributions to the development of the IT and software industry in Vietnam.

 Boeing visits FPT Software

On April 19th, a Boeing delegation led by Mr. Alan Johnson – Information Technology Manager – visited FPT Software to work on a preliminary contract between the two companies involving a pilot project. Since March this year, executives from both sides have had frequent discussions to work on possible collaborations.

FPT has also promoted activities in the US market. From 19 – 30th April, FPT paid visits to Boeing and other giant companies such as Microsoft, Intel Software & Service, Cisco, and long time customers such as Freescale, Omgeo and Unify.

 

 VIETNAM CORNER

 Largest cable-stayed bridge in Southeast Asia inaugurated

The Can Tho Bridge, the longest cable-stayed bridge in Southeast Asia at 550 metres, was inaugurated on April 24. Prime Minister Nguyen Tan Dung officially cut the inauguration ribbon.

The bridge, 2.75 km in length, 23.1 m in width, has four lanes for motorised vehicles and two lanes for non-motorised vehicles, spans the Hau River, and links Vinh Long and Can Tho provinces.

It will significantly enhance the transport infrastructure in the Mekong Delta, thus creating favorable conditions for road transport in the region, and promoting the regional provinces’ development.

(Source: Vietnamnet)

  Vietnam considered as most promising telecom market in ASEAN

The online network Channel NewsAsia (CNA) on April 23 posted that the leading telecom group of the USA AT&T considered Vietnam as the most promising market in ASEAN area.

According to AT&T, Vietnam is full of opportunities for enterprises, and AT&T is promoting their business in Vietnam by developing the telecom infrastructure.

Starting business operations in Vietnam two years ago, the revenue of AT&T in the Asia Pacific region increased significantly by 16% in 2008, and 18% in 2009 compared with the previous year.

(Source: Nhandan)

  Vietnam’s largest oil containing floating depots handed over 

On April 26, Vinashin Group officially handed over Vietnam’s largest floating depots containing FSO5 oil with a payload of up to 150,000 tons.

This is Vietnam’s shipbuilding industry’s biggest ever product, an investment worth US$170 million. The floating warehouse is equipped with the maritime industry most modern equipment. It is designed to operate as a factory which processes oil directly on the sea.

The launch is a great step in Vietnam’s shipbuilding industry and an important turning point in the course of processing crude oil in Vietnam.

(Source: CafeF)

  PM attends 2010 Shanghai World Exhibition

Prime Minister Nguyen Tan Dung embarked on a long trip to the 2010 Shanghai World Expo and Jiangsu and Zhejiang provinces from April 26.

Vietnam has been provided with 1,000 square meters of the floor area to showcase its products and achievements to promote the image of its land, people and development potential.

The six-month long exposition will attract participants from nearly 200 countries and 50 international organizations.

Since 2004, China has been one of Vietnam’s leading trade partners. Despite the global economic turmoil, bilateral trade reached more than US$21 billion last year and nearly US$5.4 billion in the first quarter of 2010.

(Source: Vietnamnet)

 

HIGHLIGHTED NUMBER

VND 1 billion

(approx US$52,000) is the amount of money that FPT has contributed to the society through social activities such as blood donation, wildlife conservation, responding to Earth Hour 2010, etc. in the first quarter of 2010  .

PHOTOS


 

FPT Software's Q1 sum-up meeting

 

SOCIAL CORNER

   FPT Software staff to receive health care 

From 16 – 29th April, Health Weeks were organised throughout FPT Software in Hanoi. At the centre of the initiative was the need for periodic health examinations for all current employees. The examinations included overall checking, eyes, ear, nose, throat checking, gastrological testing, X-rays cardiopulmonary, blood analysis, urine analysis and other optional tests. Apart from these, seminars on Health Care practices were conducted at the offices to educate staff on immediate health issues.

This is an annual FPT Software activity to help staff identify any health problems early so that they can be cured speedily.

  Season of the champions

There has been a recent boom in the number of championships being held for FPT Software’s staff members.

Firstly, the FRD (FPT Software R&D Company) Open Championship successfully wrapped up on 21, April 2010 with the champions being NEURO, a football team whose members come from the business assistance groups of FPT Software.

A week later, the Women’s Championship was held on 28 April, 2010 at an artificial grass pitch in Hanoi. Each member company contributed one team and showed their strength on behalf of FPT Software’s women. In parallel, voting for the Miss Woman Football Cup contest was also held until 28, April, 2010.

One final sporting event is the FPT Japan Futsal Cup 2010. This championship began on 24, April 2010.

 

 

To find out more about FPT Software, please visit our website http://www.fpt-software.com/

Queries if any should be emailed to mailto:TrangVTM@fsoft.com.vn. If you no longer wish to receive this newsletter, please reply with the subject heading "Unsubscribe" 

 

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