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             Frequency: Fortnightly             Date: 1 August 2007

 

HIGHLIGHTED NUMBER

US$ 1.2 Billion is the total registered capital invested by foreign investors in Hoa Lac Hi-tech Park in the first half of 2007

RELAXATION CORNER

DON'T LAUGH

3 Engineers

There are three engineers in a car; an electrical engineer, a chemical engineer and a Microsoft engineer. Suddenly the car just stops by the side of the road, and the three engineers look at each other wondering what could be wrong.

The electrical engineer suggests stripping down the electronics of the car and trying to trace where a fault might have occurred. The chemical engineer, not knowing much about cars, suggests that maybe the fuel is becoming emulsified and getting blocked somewhere.

Then, the Microsoft engineer, not knowing much about anything, comes up with a suggestion, "Why don't we close all the windows, get out, get back in, open the windows again, and maybe it'll work !?"

( Collected)

DID YOU KNOW

Vietnam enters quarter finals of Asian Cup for the first time 

The Asian Football Confederation's 2007 AFC Asian Cup finals were held from July 7 to July 29, 2007. The competition was co-hosted by four nations: Indonesia, Malaysia, Thailand and Vietnam.

Vietnam national team qualified for the last eight as runners-up in Group B for the very first time in its history and was the only country from South East Asia to continue to this leg of the tournament.

This year witnessed Iraq completed a fairytale for ages with a victory over Saudi Arabia in the final match, making them worth first time champions of the continental tournament.

 

(Thousands of Vietnamese fans celebrated their country's historic performance during their first Asian Cup appearance in 47 years at Hanoi's My Dinh National Stadium.)

 

 

 

 FPT CORNER

FPT SOFTWARE MAKES A BOLD MOVE TO EU MARKET

Hanoi, 20 July 2007: Europe's No. 1, and the world's No. 2, mail processing giant NEOPOST and FPT Software partnered to establish an Off-shore Development Center (OSDC) located at FPT Software's headquarters in Hanoi, Vietnam. Under the 3-year-OSDC co-operation model, signed by the two companies' CEOs, FPT Software will develop Embedded Software, PC Applications and Server Development for NEOPOST. The OSDC is expected to require up to 150 staff in the forthcoming period. 

FPT Software successfully competed with business rivals, including two in India, one in Vietnam and one in Romania, to be trusted by NEOPOST, due to its core competencies such as international quality management, abundant and qualified human resources as well as its modern and secured facilities.

NEOPOST is the leading supplier of mailing solutions. It has a direct presence in 14 countries, with more than 4,900 employees, and annual sales of �918.5 million in 2006. Its products and services are sold in more than 90 countries, and the group has become a key player in the market for mailroom equipment and logistics solutions.

For Press Release, Click here

 FPT Corporation has recently announced its mid-year business results with revenues of nearly US$366 million, representing a year-on-year increase of 25%. Also, in the first half of 2007, FPT's net profit doubled and earnings per share were up 43% compared with the same period in 2006. 

FPT SOFTWARE GETS "GOOD MARKS" FROM CUSTOMER

FPT Software has recently been chosen by a giant Japanese company to open an Off-shore Research Center after competing with two leading Indian software companies and a Vietnamese one. 

According to the customer's evaluation report, FPT Software exceeded the other competitors due to its good Quality Management Systems (it strictly implements the Timesheet logging system, which will be referred to for penalties or awards, and releases management data to its customers); young and fast-learning staff and managers who show confidence in quickly acquiring new techniques and show responsibility by studying Japanese; and the company's honesty about its failures and shortcomings.

COMPANY QUALITY TEST

FPT Software will organize the annual company-wide compulsory Quality Test from 20th July to 31st August, which covers specialized knowledge, language capability (English and Japanese), software process, and corporation comprehension. Employees with the highest scores on the test will be honored and have a chance to join the "Trang" Contest.  

"Trang", first organized by FPT in 1998 with the aim of identifying key future leaders for the Corporation, is one of the ways in which the corporate culture is promoted.

 

 VIETNAM CORNER

VIETNAM TO REAP US$ 8.5 BILLION FROM EXPORTS TO EU 

Vietnam's exports to the EU this year are forecast to post an on-year increase of 20% to US$8.5 Billion, said Nguyen Chi Tam, Director of the Ministry of Trade Europe Department. 

Vietnam's main exports to the EU include footwear, apparel, coffee, wood and plastic products, electronic and computer products. The EU is currently Vietnam's second biggest exporting market after the US. 

In 2006, Vietnam's exports to the EU reached US$7.09 billion, accounting for 17.8% of the country total export value.

 (Source: Vietnam Financial Times)

Vietnamese people rank 1st in buying new technology, after covering essential living expenses, followed by Greeks, Russians and Chinese, according to the 1st Half 2007 Nielsen Global Online Consumer Survey. The survey was conducted in May 2007 and interviewed 26,486 internet users in 47 countries. 

(Source: Vietnam.net)

Hanoi expects to post 2007 GDP growth of 12% based on the capital city's GDP in the first six months of this year which grew 11.2%. Hanoi Moi Newspaper quoted Hanoi Party Chief, Pham Quang Nghi, as saying that the city would continue improving its investment environment as one of the measures to realize the growth target. 

(Source: Saigon Times Weekly)

US$ 100 MILLION FUND FOR YOUNG VIETNAMESE IT ENTREPRENEURS

The US International Data Group (IDG) is willing to support Vietnam training of young human resources for IT development, said IDG Chairman Patrick McGovern at a reception held by permanent Deputy Prime Minister Nguyen Sinh Hung in Hanoi on July 12th.

The Chairman added that IDG is very keen on Vietnam's potential as a market for the export of software. To date, the group has pumped some USD 100 million into its fund for young Vietnamese IT entrepreneurs and intends to increase that amount to USD 1 billion by 2010. 

(Source: Vietnam.net)

The 12th Vietnam Computer Electronics World Expo, Vietnam's largest IT exhibition, organized in Ho Chi Minh City from 10th -15th July, attracted 300 local and international firms and more than 250,000 visitors. The event was co-organized by the International Digital Group (IDG) in Vietnam, the Ho Chi Minh City Information Technology Association and the Vietnam Chamber of Commerce and Industry (VCCI). 

(Source: Vietnam News)

 

 

 

 

To find out more about FPT Software, please visit our website www.fpt-soft.com

Queries if any should be emailed to huongntt@fsoft.com.vn

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