CMC Group, one of Vietnam’s leading technology groups, has established a
research and development (RD) institute with an operating capital
of 100 billion VND (some 4.7 million USD), the Saigon Times Daily
reported.
The institute will conduct research in technology
applications and develop high tech products and services in order to
enhance group’s competitiveness.
The corporation currently has
seven affiliates in information technology and telecommunications
sectors, with a total number of 1,600 employees.
The institute will participate in a number of research projects, cooperation programmes for training and theme seminars.
Nguyen
Trung Chinh, Chief Executive Officer of CMC, said the institute has
been set up to boost research and application of new technologies to the
group.
“To survive in tough competition, CMC should create an
advantage in research activities, scientific applications and
technological development. The institute is very important to enhance
competitiveness of the group in a long run,” said Chinh.
Previously,
CMC spent nearly 50 billion VND on RD activities. Chinh expected
the institute will help attract finance from foreign organisations, the
nation’s national development research and investment fund, and other
sources.
Besides CMC, other major technology companies in Vietnam, including Viettel and FPT have established their RD institutes.-VNA