It seemed that FPT’s plan to expand itsbusiness in the US was scuttled when Vietnam’s leading IT firm enteredthe market in mid 2008—a time when the world’s largest economy fellinto a deep crisis. However, the firm held on to its foothold in themarket.
Shortly after entering the US market, thecompany’s revenue quickly increased and reached 5.5 million USD in2009. From being a largely unknown player, FPT has become familiar toUS partners, such as Free Scale and Omgeo, who have set up businessties with the company.
Apart from the US, FPT also expanded its market to Japan and Singapore where the company reaped gains as well.
According to Deputy General Director of FPT Software Nguyen Lam Phuong,the Japanese market brought in 56 percent of the company’s totalrevenue, while Singapore brought 21 percent.
The army-run telecom group Viettel kicked off its market expansion plan by cornering the markets in Cambodia and Laos.
In September 2009, Viettel officially launched Metfone service inCambodia becoming the largest telecom provider in the country with 60percent of the ADSL service provision market and 50 percent of fixedtelephone market. With 2 million mobile phone subscribers, Viettelranks second among nine mobile phone service suppliers in Cambodia.
The group developed the Unitel network in Laos which offers thirdgeneration (3G) service and high-speed wireless Internet for mobilephones and computers. At present, Unitel owns the largest number ofbase transceiver stations (BTS) - more than 900 - in Laos , accounting35 percent of the country’s total BTS.
Apart from Laos and Cambodia , Viettel plans to open a representative office in Myanmar .
To date, Viettel and FPT are Vietnam’s first two telecom enterprises investing in foreign countries.
In 2010, FPT targets a growth rate of 20 percent in software processingin foreign markets overall, and seeks to make that figure 100 percentin the US market alone, compared to last year. The company also plansto open a second branch in Europe.
Meanwhile, Viettel expects that Metfone will be a network providing thebest cable services in terms of cable network coverage, quality, priceand customer care.
Additionally, the group wishes to enter the US and Bangladesh markets to expand its operation./.
Shortly after entering the US market, thecompany’s revenue quickly increased and reached 5.5 million USD in2009. From being a largely unknown player, FPT has become familiar toUS partners, such as Free Scale and Omgeo, who have set up businessties with the company.
Apart from the US, FPT also expanded its market to Japan and Singapore where the company reaped gains as well.
According to Deputy General Director of FPT Software Nguyen Lam Phuong,the Japanese market brought in 56 percent of the company’s totalrevenue, while Singapore brought 21 percent.
The army-run telecom group Viettel kicked off its market expansion plan by cornering the markets in Cambodia and Laos.
In September 2009, Viettel officially launched Metfone service inCambodia becoming the largest telecom provider in the country with 60percent of the ADSL service provision market and 50 percent of fixedtelephone market. With 2 million mobile phone subscribers, Viettelranks second among nine mobile phone service suppliers in Cambodia.
The group developed the Unitel network in Laos which offers thirdgeneration (3G) service and high-speed wireless Internet for mobilephones and computers. At present, Unitel owns the largest number ofbase transceiver stations (BTS) - more than 900 - in Laos , accounting35 percent of the country’s total BTS.
Apart from Laos and Cambodia , Viettel plans to open a representative office in Myanmar .
To date, Viettel and FPT are Vietnam’s first two telecom enterprises investing in foreign countries.
In 2010, FPT targets a growth rate of 20 percent in software processingin foreign markets overall, and seeks to make that figure 100 percentin the US market alone, compared to last year. The company also plansto open a second branch in Europe.
Meanwhile, Viettel expects that Metfone will be a network providing thebest cable services in terms of cable network coverage, quality, priceand customer care.
Additionally, the group wishes to enter the US and Bangladesh markets to expand its operation./.
