Global CyberSoft Vietnam partners with Japanese firms

Global CyberSoft Vietnam announced on July 27 that it will become a strategic partner of OBIC and OBC – Japan ’s leading information technology groups in the field of enterprise resource planning.

GCS Vietnam General Director Ngo Duc Chi said the move will be a driving force for his company – a business fully invested by the US company Global CyberSoft Inc. – to enter the software outsourcing market in Northeastern Asia, along with its traditional markets in Northern America and Western Europe .

In the initial stage, the cooperative agreement will help GCS develop its IT human resources and global service supply system, he added.

The International Financial Corporation (IFC), the Dragon Capital and the Malaysia Capital had earlier become strategic investors of GSC, making it one of the biggest software companies in Ho Chi Minh City that provides software in areas such as enterprise resource planning, information technology and communication, software and hardware verification.

Enterprises distinguished to promote financial transparency

A ceremony to award enterprises with best annual financial records was held in Ho Chi Minh City on June 27 with Sacombank winning the first prize.

The event, the first of its kind so far in Vietnam, aimed to encourage enterprises to strictly follow standard financial recording, said organisers from the municipal bourse HOSE, the Securities Investment newspaper and the Dragon Capital.

Nguyen Anh Tuan, Editor in chief of the Vietnam Investment Review and Head of the Organising Board, said the prize is expected to stimulate professional and transparent reports of enterprises’ financial operations, thus promoting transparency of the national stock exchange.

The second prize went to the Corporation for Financing and Promoting Technology (FPT) while Vinamilk, the Phu My fertilizer company and Hoa Phat group shared the third prize.