Mr. Truong Gia Binh, Chairman of FPT Board of Directors, led the dialogue between Infosys Founder Narayana Murthy and the Vietnamese IT community on the afternoon of May 20.
In particular, the dialogue between the Indian billionaire and the Vietnamese IT community under the guidance of Mr. Truong Gia Binh, Chairman of FPT Board of Directors, took place on the afternoon of May 20 at Hoa Lac Hi-Tech Park with the participation of Deputy Minister of Information and Communications Bui Hoang Phuong, representatives of Vietnamese IT enterprises and experts and technology engineers in the IT industry. The event was organized by FPT in coordination with the Vietnam Software and IT Services Association (VINASA). At the event, Mr. Narayana Murthy shared practical experiences in business, management, building corporate culture... helping him and his colleagues turn Infosys into a legend in the Indian IT industry. He also discussed with the Vietnamese IT community about promoting innovation in businesses, the development of new technology trends as well as opportunities for the Vietnamese IT industry. Narayana Murthy is widely recognized as the "Bill Gates" of India and has a great influence in the global IT field. He and Infosys have made important contributions to making India a global IT powerhouse. And at present, India continues to assert its position by playing an important role in providing resources for engineering research and development globally. According to a recent study by the National Association of Software Engineers of India (NASSCOM) and Boston Consulting Group, India will emerge as a leading country in the global engineering research and development (ER&D) market, especially in the fields of software, automotive technology, semiconductor chips with a market share of 22% by 2030.
Infosys founder Narayana Murthy meets with FPT Chairman Truong Gia Binh and the leadership of FPT and FPT Software
Vietnam is a “unique” country, Narayana Murthy affirmed, Vietnam’s recent emergence as a global technology destination reflects the country’s commitment and investment. He also praised the courage, diligence, discipline, creativity and ambition of many generations of Vietnamese people. Thanks to these qualities, in the next 20 years, Vietnam will soon become one of the leading developed countries in Asia and one of the fastest growing countries in the world. “Vietnam’s GDP has now reached 4,300 USD per capita and will continue to grow faster than most economies in the world. I believe Vietnam will bring prosperity to its people faster than most countries,” he said. He also affirmed that enterprises like FPT will help Vietnam realize its national potential. “After 24 years of globalization, FPT reached $1 billion in IT service revenue from overseas markets in 2023, and Infosys also achieved the same feat in a similar period of time. Therefore, I have faith that FPT will reach the next milestone, $2 billion in IT service revenue from overseas markets much faster, with a lot of determination, courage and continuous efforts. FPT is and will contribute significantly to the future growth of Vietnam,” Mr. Narayana Murthy emphasized.
Mr. Narayana Murthy and Mr. Truong Gia Binh at the dialogue with Vietnamese IT community on the afternoon of May 20
Sharing the above comment of Mr. Narayana Murthy, Mr. Truong Gia Binh, Chairman of FPT Board of Directors said, “India, Infosys has inspired FPT, Vietnam. 24 years ago, FPT came to India to learn how to turn Vietnam into a software powerhouse. And it was Narayana Murthy who inspired us with absolute confidence, Vietnam is a special country and Vietnam can develop software for the world”. In 1998, after becoming the number 1 IT company in Vietnam, FPT decided to step out of its comfort zone, determined to go out to sea with the strategic direction of exporting software to make Vietnamese intelligence famous on the world digital technology map. If you want to go far, you have to go together. FPT has “held the flag” to gather domestic software companies to bring Vietnamese intelligence abroad, create happiness, and contribute to national prosperity. In 2002, the Vietnam Software Association (now the Vietnam Software and IT Services Association - VINASA) was established, happily going global with the iron determination that "what Indians can do, Vietnamese can do too". At that time, the software industry powerhouse India had 200 times more software and IT services revenue than Vietnam. After 20 years, Vietnam has narrowed that gap by more than 10 times. The association is aiming to bring the software and IT services industry to the milestone of 50 billion USD in revenue by 2030 and 150 billion USD by 2045. FPT also contributed to "lighting up Vietnam's name on the world intellectual map by pioneering the latest technology trends such as AI, Big Data, Cloud, Blockchain, RPA...
Ms. Chu Thi Thanh Ha, Chairman of FPT Software, introduced the company's Campus at Hoa Lac High-Tech Park to Mr. Narayana Murthy.
Three important things that help businesses succeed: Sales - Financial control - Human resources From Infosys's own practical experience, Infosys founder Narayana Murthy believes that to be successful, along with choosing high-demand fields, businesses need to ensure three important factors: Sales, Financial control and Human resources. "If we cannot sell products, the company will not have revenue, and without revenue, the company cannot operate. Once we have revenue, we must ensure that all costs are controlled. Try to spend less than the amount of money the company has. And another important thing is to ensure the operation of all departments in the company, we need to have a good team of human resources." Also according to Indian IT legend Narayana Murthy, the most important thing for a company is not to make a profit but to create jobs. He believes that when more jobs are created, sales and profits will come naturally, because that is the root of business, while sales and profits are just the consequences. Sharing the same view with the founder of Infosys, Mr. Truong Gia Binh, Chairman of the Board of Directors, said that FPT is also doing the same, FPT is aiming to create more jobs to change the lives of young people and towards the milestone of 1 million employees by 2035.
Mr. Narayana Murthy and Mr. Truong Gia Binh share business views
Inspiring Story of Infosys for Vietnam's IT Industry With a startup capital of 250 USD, after more than 4 decades, Narayana Murthy has transformed Infosys from an unknown company into one of the pillars of the Indian IT industry and has influence worldwide. In 1999, Infosys was the first Indian company to be listed on the US stock exchange Nasdaq. In 2023, the company achieved a revenue of over 18 billion USD, had 320,000 employees, was present in 50 countries worldwide and had a market value of over 70 billion USD. One of Narayana Murthy's most influential achievements is pioneering the formation of a global IT service delivery model, allowing companies to perform work in locations with the best human resources, the most economic sense and the lowest risk. This model has revolutionized the global IT services industry in optimizing structure, resources, work distribution and improving the speed and quality of services. Another key factor contributing to the growth of Infosys is human resources. With the strong support of Narayana Murthy, in 2022, Infosys established the Global Education Center in Mysore - a training model within the company, providing lifelong learning opportunities and skill development for the staff. This center has quickly become one of the largest corporate universities in the world.
Mr. Narayana Murthy visited and worked with Chairman and Board of Directors of FPT, FPT Software
The story of Infosys inspired FPT - a pioneer in the field of software export in Vietnam. In 1998, after becoming the number 1 IT company in Vietnam, FPT decided to step out of its comfort zone with the strategic direction of software export and the slogan "What Indians can do, Vietnamese can do too". After more than two decades, FPT has reached the milestone of 1 billion USD in revenue from IT services from foreign markets and formed global resource centers in Asia, Europe, and Latin America, attracting more than 70,000 employees of more than 70 nationalities. FPT is also the first Vietnamese enterprise to establish a university within the enterprise - FPT University, providing high-quality human resources not only for FPT but also for the Vietnamese and global human resources market.
Mr. Narayana Murthy was excited with the performance of traditional musical instruments by students of FPT University - the first university in the heart of a business.
FPT
source: https://fpt.com/vi/tin-tuc/tin-fpt/huyen-thoai-cntt-an-do-doi-thoai-voi-gioi-cntt-vietnam
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