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             Frequency: Fortnightly             Date: 2 July 2007

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HIGHLIGHTED NUMBER

US $1.1 billion is the export value of Vietnams coffee during the first five months of 2007, accounting for 42%of total agricultural export value.

RELAXATION CORNER

SOCIAL CORNER

Vietnamese President visits US

President Nguyen Minh Triet headed a large business delegation to New York, Washington and Los Angeles, from June 18 to June 23, where deals were signed in the energy, financial services, IT, and telecommunication sectors.

The governments signed a Trade and Investment Framework Agreement, which will be used to expand trade and resolve disputes, U.S. and Vietnamese officials said, while state-run Vietnam Airlines and Boeing Co. were negotiating aircraft contracts.

Hanoi and Washington have signed two trade deals in the past six years; agreements that paved the way for Vietnam to accede to the World Trade Organization in January 2007.

President George W. Bush, hosting Vietnams Head of State in an historic visit, welcomed robust trade ties. The visit by President Triet, marks the first official visit by a Vietnamese Head of State to the United States.

( Photo: Secretary-General of the United Nations Ban Ki-moon, right, and President of Vietnam, Nguyen Minh Triet, at United Nations Headquarters in New York, Tuesday, June 19, 2007)

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 FPT CORNER

FPT Software staff enjoy Summer holiday

FPT Software staff will have 5-day summer vacation, divided into two periods, June 18-22 and July 09-13.

FPT SOFTWARE AWARDS ANOTHER MIGRATING PROJECT

FPT Software has been awarded yet another contract for a migration project; this time for a back-end system of a large online e-commerce operation from a Japanese customer, which will be used by approximately 28 million end-users. The project, valued at 1600-man-month (of the total 2300 man-month), requires the conversion of applications from UNIX, ORACLE Pro*C to WINDOWS .NET and MS SQL, and will involve as many as 150 staff.

FPT Software staff started to use Check PointEto report their performance results in the first six months of 2007 and plan for the next six. Check Point, a companys management tool, helps supervisors to measure and evaluate their staffs capabilities in task accomplishment and planning.

TWO NEW STRATEGY UNITS ESTABLISHED

FPT Software has recently announced the establishment of two Software Strategic Units (SU) located in Hanoi: SU1 and SU27. SU1, with 70 staff, is responsible for developing embedded systems for the Japanese market, whilst, SU 27, with around 60 staff, is in charge of software projects, using Cobol language, outsourced by Japanese customers.

  FPT FUND MANAGEMENT ESTABLISHED

The State Securities Commission granted its preliminary approval for the establishment of FPT Fund Management Co on 13 June. The new firm is expected to become operational next month. The Corporation has already been given a green light to establish a brokerage firm and it is also seeking Central Bank permission to open a commercial bank.

Shares in FPT closed at 305,000 VND on 14 June, valuing the Hanoi-based company at $1.15 billion and making it the third-largest firm on the Ho Chi Minh City Stock Exchange.

(Source Thanh Nien)

  FPT has opened 5,000 wireless internet access points using Wi-Fi technology in HCM City and Hanoi. The US$1.5-million project aims to make HCM City and Ha Noi WiFi cities. FPT plans to increase the number of sites to 8,000 by the end of the year.

  FPT University and the Association for Overseas Technical Scholarships (AOTS) of Japan signed an agreement on using licensed Japanese books (13 June). On that basis, the university is authorized to publish 22 different kinds of books, which will be used as part of its syllabus in September 2007. The FPT students are required to pass the 2-kyu level Japanese exam before they graduate.

(Source: FPT University)

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 VIETNAM CORNER

 VIETNAM TO PUSH PACE OF SOFTWARE DEVELOPMENT

Vietnam IT Outsourcing Conference, co-hosted by the Ministry of Post and Telematics and the Ho Chi Minh City Peoples Committee in Ho Chi Minh City on 8th June 2007, attracted 500 IT enterprises. At the conference, local and international businesses shared experiences on software outsourcing; and discussed market opportunities as well as strategies for Vietnam to develop its services.

Vietnam is among the most attractive countries in the world in terms of competitive software outsourcing companies. The country has around 750 software firms, 150 of which engage in outsourcing, with exports grossing over US $350 million last year, including US $110 million from exports alone.

(Source: Saigon Tiep thi)

Matsushita Electric Industrial Co., Ltd. (MEI), a Japanese electronics manufacturer, has established R&D Panasonic Center Vietnam to research and develop software for home digital-electronic appliances in Vietnam. This is Matsushitas third center in the ASEAN region, following Singapore and Malaysia.

(Source: Vietnamnet)

INTEL LAUNCHES INITIATIVE FOR EDUCATION

 Intel Vietnam and the Ministry of Education and Training have signed an agreement to carry out an "Information Communication Technology for education" initiative. Accordingly, Intel Vietnam will supply 1,050 computers for schools nationwide on a trial basis. The company will also train teachers in use of IT applications. This is one of the initiatives of Intels World AheadEprogram.

 (Source: Saigon Times Weekly)

ROBOCON CROWNS NEW CHAMPION

The Danang University of Technologys BKDC team won the title, with Hanoi Industrial Universitys DT03 team named as runner-up, at the Robocon Vietnam 2007 contest whose theme this year was Discovering Halong BayE All the contenders took a great leap forward in applying new technologies, including image processing technology.

The top two teams will participate in the 6th Asia Pacific Robocon 2007 Competition, organized by the Asia-Pacific Broadcasting Unions Robot Competition in Vietnam on August 26th. The contest is hosted by Vietnam Television and sponsored by Toyota Vietnam and FPT Corporation.

Vietnam has participated in all five ABU robot contests so far and won championship titles in 2002, 2004, and 2006.

(Source: Saigon Times Daily)

 

 

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

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