India IT giant Infosys ready to tie with Vietnam in Big Data, AI: co-founder

By Anh Minh
Tue, May 21, 2024 | 9:43 am GMT+7

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.

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.

Comments (0)
  • Read More
VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.

Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7

Masan Consumer promotes Vietnamese cuisine to international friends

Masan Consumer promotes Vietnamese cuisine to international friends

Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.

Companies - Mon, December 16, 2024 | 11:08 am GMT+7

Dairy giant Vinamilk to spend over $41 mln on interim dividend payment

Dairy giant Vinamilk to spend over $41 mln on interim dividend payment

Vinamilk, the largest dairy firm in Vietnam, plans to spend VND1.045 trillion ($41.3 million) to pay interim cash dividends to shareholders for the second phase of 2024 at a rate of 5%, according to the company.

Companies - Mon, December 16, 2024 | 10:43 am GMT+7

Universal Scientific Industrial to expand Vietnam investment to $290 mln

Universal Scientific Industrial to expand Vietnam investment to $290 mln

Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will increase its investment in Vietnam to $290 million.

Industries - Mon, December 16, 2024 | 10:33 am GMT+7

Vietnam property market in the hands of large developers: Savills

Vietnam property market in the hands of large developers: Savills

Throughout this year, the Vietnamese real estate market has only truly been active for large, well-established developers, according to Savills Vietnam.

Real Estate - Mon, December 16, 2024 | 8:17 am GMT+7

Top 50 signals the recovery of Vietnam's economy

Top 50 signals the recovery of Vietnam's economy

Vietnam's Top 50 Best-performing Companies of 2024 have solid fundamentals, strong management, and substantial room for growth, says Nguyen Thanh Thao, CEO of Thien Viet Securities Joint Stock Company (TVS).

Companies - Mon, December 16, 2024 | 8:00 am GMT+7

Investment policy adjusted for $59 mln wind power project in central Vietnam

Investment policy adjusted for $59 mln wind power project in central Vietnam

Quang Tri province authorities recently approved an adjustment to the investment policy for Hai Anh wind power plant project, with Hai Anh-Quang Tri Wind Power JSC as its investor.

Energy - Sun, December 15, 2024 | 10:06 pm GMT+7

Latvian man on trial for running loan shark ring with 1,380% interest rate

Latvian man on trial for running loan shark ring with 1,380% interest rate

The Ho Chi Minh City People’s Court is holding the first-instance trial of Aigars Plivės, a 39-year-old Latvian national, for engaging in illegal lending through online platforms with interest rates as high as 1,380% per year, earning VND4.15 trillion ($163.35 million) in illicit profits.

Society - Sun, December 15, 2024 | 8:11 pm GMT+7

Vietnam interest rates under rising pressure to go north in 2024: central bank

Vietnam interest rates under rising pressure to go north in 2024: central bank

Vietnam’s banking sector will face significant challenges in the near future, including mounting pressure for higher interest rates, amidst global economic uncertainty and domestic economic risks, says Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Banking - Sun, December 15, 2024 | 2:17 pm GMT+7

Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares

Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares

Tran Phuong Ngoc Thao, vice chairwoman of Phu Nhuan Jewelry JSC (PNJ), has registered to purchase 4 million PNJ shares between December 18 and January 16, 2025.

Finance - Sun, December 15, 2024 | 10:20 am GMT+7

Exchange rate to cool down, deposit interest rates to inch up by year-end: broker

Exchange rate to cool down, deposit interest rates to inch up by year-end: broker

While the VND/USD exchange rate may cool off toward the VND25,000 mark, interest rates on savings could see modest increases over the rest of the year, broker MB Securities (MBS) said in its latest macroeconomic report.

Banking - Sun, December 15, 2024 | 10:03 am GMT+7

US policy changes likely to impact Asia and Pacific growth

US policy changes likely to impact Asia and Pacific growth

Asia and the Pacific’s economic growth will remain steady this year and next, but expected U.S. policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer-term outlook, write Asian Development Bank (ADB) analysts in the latest edition of Asian Development Outlook (ADO).

Consulting - Sun, December 15, 2024 | 8:00 am GMT+7

Vietnamese hospitality firm Vinpearl seeks to mobilize $197 mln before stock relisting

Vietnamese hospitality firm Vinpearl seeks to mobilize $197 mln before stock relisting

Vinpearl JSC, the hospitality arm of Vietnam's leading private conglomerate Vingroup, will offer more than 70 million shares to the public at VND71,350 apiece, for proceeds of over VND5,000 billion (nearly $197 million).

Finance - Sat, December 14, 2024 | 10:12 pm GMT+7

Vietnam has 174 FDI projects in semiconductor sector: minister

Vietnam has 174 FDI projects in semiconductor sector: minister

Vietnam is now hosting 174 foreign-invested projects in the semiconductor sector, with a total registered capital of nearly $11.6 billion, according to Minister of Planning and Investment Nguyen Chi Dung.

Industries - Sat, December 14, 2024 | 4:47 pm GMT+7

‘Euro’ leads Vietnam’s most trending Google search in 2024

‘Euro’ leads Vietnam’s most trending Google search in 2024

Google has released its “Year in Search” list for 2024, with "Euro" emerging as the most trending search term among Vietnamese internet users.

Society - Sat, December 14, 2024 | 3:35 pm GMT+7

Vietnam Airlines posts first profit in 4 years, record revenue since listing

Vietnam Airlines posts first profit in 4 years, record revenue since listing

National flag carrier Vietnam Airlines JSC is estimated to earn VND6.26 trillion ($246.57 million) in pre-tax profit in 2024, marking its first return to profitability since 2020.

Companies - Sat, December 14, 2024 | 2:56 pm GMT+7