Thai IT firms interested in Vietnam market
By Hien Nguyen - The Saigon Times Daily
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| A Vietnamese IT expert talks with a staff of IT Works Co. of Thailand. The Thai company specializes in timeworks fingerprint scanners and magnetic readers for Smartcards - Photo: Hien Nguyen |
HCMC – About 16 information and technology companies from Thailand on Thursday arrived in HCMC to find ways to establish a presence in the fast growing Vietnamese market.
The Vietnam trip, co-organized by the Thailand Trade Office, Thai Software Industry Promotion Agency and Thai Software Export Promotion Association, aims to promote Thailand-made ICT products and explore business links with local enterprises.
The visiting Thai IT companies include Adasoft, AI Soft, Arunawad Dot Com, Comance International, Computer Telephony Asia, Dynamic IT SP, IT Works, and specialize in software and solutions in restaurant, travel business, Internet booking, airline solution, hospitality software, warehouse management, mobile application and finance, among others.
Kittikorn Kunnalekha, CEO of AI Soft Co. Ltd, told the Daily that the Thai IT companies were eyeing the domestic market because of its fast growth potential.
In a related development, the Ministry of Information and Communications organized a meeting in Hanoi on Wednesday to review the Vietnam ICT industry since 2000.
According to the ministry’s report, the local ICT industry has obtained growth of 20-25% in 2000-2010. In 2009, total turnover from hardware reached up to US$4.68 million, up eight times from 2000, and revenue from software grew from US$58 million in 2000 to US$880 million in 2009.
The hardware sector has so far lured over US$5.7 billion in FDI, including those of big names like Intel, Canon and Fujitsu.