FPT Software JSC, a subsidiary of Vietnam's largest information technology firm FPT Corp. (FPT) said on Monday its revenues would nearly double to $30 million this year compared to 2006 thanks to strong outsourcing demand.
"To meet business demand, we plan to increase our staff to 5,000 people by the end of 2008 from 2,000 now," Hoang Kiem Chi, Communication Manager for FPT Software JSC said.
"We are aiming for very strong growth in the next few years," Chi said.
She said revenues next year would rise to $50 million from $30 million targetted this year.
FPT Corp has said the group's revenues this year would jump 50% from 2006 when revenues were reported at $724 million thanks to outsourcing business and new lines of business including telephone services, cable television and property.
Chi said FPT Software, which has a chartered capital of just $6.9 million, would eventually list its shares on a stock market. About 70% is owned by FPT Corp and the rest by staff.
"There is no specific timeframe for the share listing plan yet and FPT Software might choose to list overseas," she said.
In March FPT Software established its wholly-owned Asia-Pacific FPT Software Co, Ltd in Singapore as part of its plan to expand outsourcing business in Southeast Asia.
The Hanoi-based company also has a subsidiary in Japan with offices in Tokyo and Osaka to cater to Japanese clients including IBM Japan, Hitachi Group, Panasonic and Sanyo Group.
Source: Reuters
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