Vietnam's offshore software outsourcing
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Announcement of Netmarks Vietnam joint-venture company establishment

 
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 service.

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 customers.

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.
(http://www.netmarks.co.jp/)

Details of the joint venture company are as follows:
    Company name:
       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.

 
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