Hochiminh City, March 2007.
QUANTIC (Head office: 5th Floor, 119 Dien Bien Phu St., Dist. 1, HCMC, Vietnam;
President: Bui Quoc Hung), NETMARKS INC. (Head office: Minato-ku, Tokyo,
Japan; President: Atsushi Ohashi;“NETMARKS”) and NETMARKS (Thailand)
Co.,Ltd. (Head office: Pathumwan, Bangkok, Thailand;“NETMARKS Thailand”)
announced that they have entered into a memorandum of agreement to found
a joint venture company – NETMARKS VIETNAM, the purpose of which will be
to provide network integrating solutions and software development
Recently, with the join of Vietnam into WTO and the development of
strategic relationship between Vietnam and Japan, there has been a
second wave of investment from Japanese investors to Vietnam. According
to the statistics report by The Japan Business Association, there have
been more than 200 Japanese companies operating in Hanoi and more than
300 Japanese companies operating in HCMC in the year of 2006. Moreover,
some Japanese-specific industrial parks have been established such as
Thang Long industrial park in Hanoi and Nomura industrial park in Hai
Phong, attracting many giants to build their factories and offices
there. As a result, the demand for networking integration and software
solution becomes extremely higher than ever before.
NETMARKS VIETNAM has been established to focus on providing our quality
and professional services to the Japanese companies operating in
Vietnam. With a long experience inherited from NETMARKS on building
networking systems for oversea customers all over the world, a skillful
resources pool by Quantic and a technical support from NETMARKS
Thailand, we have a commitment to bring the best quality service to our
Quantic established in 1991 and currently having more than 100 skillful
engineers working on software outsourcing projects for oversea customers
mainly in Japan (90%) and North America (10%). Quantic is one of the
leading IT companies in Vietnam with more than 10 years of experience
providing software outsourcing service to Japan market.
NETMARKS INC. was established in 1997 as an integrator of network
systems in multi-vendor environments, amidst growing demand for the
implementation of networks tailored to the needs of the age that were
not restricted to a single equipment manufacturer. With about 1000
employees working in branches at Japan, NETMARKS have branch offices in
China, Philippines, Thailand, Indonesia, Malaysia, and Singapore.
Details of the joint venture company are as follows:
In Vietnamese: CÔNG TY TNHH NETMARKS VIỆT NAM
In English: NETMARKS VIETNAM Co., Ltd.
Short name: NETMARKS VIETNAM.
Head office: 3rd Floor, 301 Technology Center, Thang Long Industrial
Park, Dong Anh Province, Hanoi, Vietnam.
Branch: 9th Floor, 119 Dien Bien Phu St., Dist. 1, HCMC, Vietnam
Capitalization: 3.196.000.000 VNĐ, equivalent to 200,000 US dollars.
Investment Ratios: Quantic (53%), NETMARKS (34%),
NETMARKS Thailand (13%)
President: Mr. Mai Hao Nhien
CEO: Mr. Le Ngoc My
Employees (estimate 2007): 10
Date of establishment (planned): End of May, 2007.