India’s Infosys sees Vietnam as credible partner in digitalization age

Ngoc Mai 16:08, 2024/05/21

Infosys stands ready to work with Vietnam to develop the IT sector and foster innovation, big data, AI, and other emerging areas.

Infosys considers Vietnam a highly reliable partner in the digital age, thanks to its talented, knowledgeable, and high-quality workforce.

Overview of the meeting. Photos: Nhat Bac/VGP

Former President and founder of the Infosys Group Nagavara Ramaroa Narayana Murthy shared the view during a meeting with Prime Minister Pham Minh Chinh on May 20.

At the meeting, Prime Minister Chinh expressed his admiration for the size, role, and position of Infosys, as well as Narayana Murthy's contributions to the Indian and global IT and software markets.

The Prime Minister emphasized that India is a top priority in Vietnam's foreign policy. He expressed satisfaction with the continuous strengthening and development of traditional friendship and the Comprehensive Strategic Partnership between Vietnam and India across various fields.

Chinh mentioned his recent bilateral meetings with Indian Prime Minister Narendra Modi, during which both sides agreed to promote further trade, investment, and scientific and technological cooperation in line with the potential and the high profile of their bilateral relations.

Discussing Vietnam's development direction and economic situation, Chinh highlighted that Vietnam prioritizes the digital economy, knowledge economy, and circular economy as key strategies in its socio-economic development. Vietnam is also advancing strategies for AI research, application, and development to meet the needs of businesses and the labor market.

Narayana Murthy, for his part, said that India has long been a pioneer in IT and that Vietnam has globally competitive tech companies like FPT which he viewed as a favorable foundation for enhanced tech cooperation between the two countries.

Murthy emphasized that the keys to business success are sales, financial control, and human resources. He expressed confidence in Vietnam's continued success in the software sector and noted that Infosys views Vietnam as a highly reliable partner in the digital age due to its talented and knowledgeable workforce.

The former Chairman of Infosys said that prior to the meeting, he and his team had a productive discussion with the Vietnamese IT community, led by FPT Chairman Trương Gia Bình. They shared experiences and inspiring stories about innovation, sustainable development, team building, and corporate culture.

Delegates at the meeting.

Both sides also discussed opportunities for Vietnam's IT industry and Vietnam-India cooperation in this field.

Prime Minister Chinh commended these discussions and expressed Vietnam's willingness to facilitate and encourage long-term investment and cooperation by major Indian corporations in the digital economy, IT, software industry, AI, and semiconductors.

The Prime Minister called upon Infosys to invest and collaborate with Vietnam through concrete projects and products, adhering to the principle of "harmonized interests, shared risks" and the "3 together" approach: Listening and understanding among businesses, the state, and the people; sharing vision and action for economic development, particularly green development; and working, benefiting, winning, and developing together. He invited India and Infosys, along with Murthy and other Indian experts, to support Vietnam in mobilizing capital, especially through public-private partnerships in the IT, software industry, AI, and semiconductors.

Chinh also sought their assistance in sharing experience, methodologies, technology transfer, human resource training, governance experience, and improving the regulatory frameworks in these fields. This support would help Vietnamese businesses integrate into global production and supply chains.

Echoing the Prime Minister's views, Murthy appreciated Vietnam's vision for digital transformation and the digital economy. He confirmed Infosys's willingness to collaborate with Vietnam, including partnering with FPT, to develop the IT sector, and foster innovation, big data, AI, and other areas as requested by the Prime Minister.

Infosys is a leading information technology corporation in India, with a market capitalization of US$70 billion, over 320,000 employees, and a 2023 revenue exceeding $18 billion.

During a conservation with Founder and Chairman of FPT Truong Gia Binh on the same day, Murthy said that having been closely associated with FPT and the Vietnamese IT industry since the 1990s, the Indian tech billionaire remarked that Vietnam is the only country in Southeast Asia capable of creating a software services company like FPT.

"FPT and Vietnam are quite unique. From the early days, FPT's founders faced numerous challenges. However, thanks to excellent leadership and a bit of luck, the company has achieved significant success. Personally, I believe that both FPT and Vietnam will achieve even greater success in the future," said Murthy.

Looking ahead to the next 20-25 years, Murthy predicted that the Vietnamese people, with their admirable qualities of courage, confidence, diligence, discipline, and willingness to make sacrifices, will soon transform the country into one of the leading and fastest-growing nations in Asia.