India IT giant Infosys ready to tie with Vietnam in Big Data, AI: co-founder
Indian IT company Infosys is willing to cooperate with Vietnam in developing the IT industry, innovation, Big Data, Artificial Intelligence (AI), and similar fields, said its co-founder Nagavara Ramaroa Narayana Murthy.
At a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Monday, Narayana Murthy said that India’s IT industry was an early bird while Vietnam also has world-class tech companies such as FPT Group (HoSE: FPT), creating a favorable foundation for technology cooperation between the two countries.
Vietnamese Prime Minister Pham Minh Chinh welcomes Infosys's co-founder and former chairman Nagavara Ramaroa Narayana Murthy in Hanoi, May 20, 2024. Photo courtesy of the Vietnamese government’s news portal.
Infosys sees Vietnam, with its high-quality workforce and talent, as a reliable partner in the era of digitalization, stressed the co-founder, who is dubbed the Bill Gates of India.
For his part, PM Chinh stated that Vietnam welcomes and stands ready to facilitate long-term engagement by Indian corporations in Vietnam in the fields of digital economy, IT, software industry, AI, and semiconductors.
The government chief expected Infosys, Narayana Murthy as well as Indian experts to support Vietnam in mobilizing resources, especially in public-private partnerships, to develop the said fields.
He expressed his hope that Infosys will invest in and cooperate with Vietnam through specific projects and products.
Vietnam wants to learn from India's experience to perfect its legal framework in IT, and foster the software industry, AI, and semiconductors, Chinh said, asking for support for Vietnamese businesses to join global production and supply chains in these fields.
During his stay in Vietnam, Narayana Murthy, who is also former chairman of Infosys, and his entourage held talks with IT companies in Vietnam, led by FPT Chairman Truong Gia Binh. The two sides shared experiences and discussed opportunities for Vietnam’s IT industry as well as Vietnamese-Indian cooperation.
With over 320,000 staff, Infosys has a market value of over $70 billion, and its revenue exceeded $18 billion in 2023, according to the Vietnamese government’s news portal.
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