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VietNamNews

FPT Software enters German market

Update: November, 17/2012 - 10:35

HA NOI (VNS)— Viet Nam's leading information technology company FPT Software recently opened software outsourcing operations in Germany, aiming to develop it into one of its three key markets besides the US and Japan.

The company now has a presence in 12 countries.

Company general director Nguyen Thanh Lam said that the launch of the German branch was in line with the company's strategy to develop services and new markets to achieve growth.

Germany, with around 3 million small and medium enterprises, was considered one of the largest markets with great potential, and the opening was a strategic move for the FPT's business in Europe, he said.

FPT in Germany would operate in the fields of consulting; managing and developing information systems; producing and distributing packaged software; developing application software; and training software engineers.

Truong Gia Binh, chairman and CEO of FPT Corporation, said that 50 per cent of FPT's software outsourcing business currently came from Japan and they hoped to replicate the same model in Germany.

As of this year's third quarter, the European market contributed 12 per cent of the corporation's turnover. Last year's figure was more than 10 per cent. — VNS

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