Friday, August 12, 2011
Vietnamese company learns about IP in Singapore
A leading Vietnamese IT firm FPT Information System (FPT) has opened in Singapore and cites an interesting IP reason for doing so. Its target customer is SMEs which lack their own IT expertise. They supply IT services to customers in Vietnam and its Chairman Do Cao Bao said this week that the company had set up a small back office in Singapore in 2008 to learn more about the global business environment and to network with companies to promote its brand. Initially business deals were channeled back to Vietnam. But the other reason he says, for Singapore is as a launch pad to learn how to do business in "transparent" markets, which he characterizes as those with strong legal and intellectual property systems. This very different from Vietnam where business is conducted in a "non-transparent" way, which FBT is used to.