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VTC Online Revenue Reach 500 Billion VND 2015


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The company Revenue reach 500 Billion VND 2015

According to Phan Sao Nam, president of the VTC 3-5 years Vietnam's Internet market will be saturated, this is the stage of “gold" to develop.

Recently, the IT market to receive information from DWS Vietnam Fund, through Duxton Asset Management Company based in Singapore has invested in Company of U. S. $ 10 million.

Talking to reporters, Mr. Phan Sao Nam Chairman The company said after receiving the investment, The company leaders have pledged to achieve profit of 500 billion dong in 2015.

Committed 500 billion profit after 3 years after receiving $ 10 million investment, more than 2 times the current investment, affordable plan so bold, sir?

Mr. Phan Sao Nam: Do not compare the two numbers that should understand Duxton only 1 of 3 major shareholders of The company. Largest shareholder is still the Multimedia Communications Corporation VTC. That means, the total assets of the The company much larger $ 10 million.

With an industry with the potential to create high added value by “raw materials" mainly gray matter as digital content technology, is facing a “golden time" of Vietnam, the figure on the Internet is not achieved.

Why do you think that this is the “golden time" of the Internet?

Mr. Phan Sao Nam: This is a phase of rapid development towards saturation of the Internet market in Vietnam. At present, Vietnam has about 34 million users and this number is expected to rise to 50 million within the next 3 - 5 years.

At that market saturation and forming new habits of the user. So, this is the golden time for technology companies to accelerate, jump into the 2nd wave of the Internet in Vietnam.

Any basis to his Internet market will be saturated in the next 3-5 years, and reached 50 million users?

Mr. Phan Sao Nam: There are many facilities to make predictions. From 1997 to 2007, Vietnam reached more than 10 million users and more than 30 million people in the next five years.

According to the report of Cimigo, in the last 10 years, the percentage of internet users in Vietnam has the fastest growth rate in the region. The advent of 3G and smartphones three years ago led to the rapid growth in the number of internet users.

Currently, the number of internet users in mobile phones has increased to 13 million people. With such a large growth in the next 3 -5 years, the number of Internet users will reach 50 million people out of a total population of 90 million.

Meanwhile, the market can be considered a development threshold and almost passed, create a new period of development.

The company has prepared for this important time?

Mr. Phan Sao Nam: I often joke content companies VN as “good poor students". While engaged in this market is to compete with global rivals renowned as Facebook, Google, Yahoo . more passion but financial resources slim would be very difficult to compete.

Therefore, to look for potential investors, ownership share down to create momentum will now have more opportunities. Therefore, The company Duxton met, after half a year of negotiations and efforts to complete the process, on 07/04/2012, $ 10 million cash investment of the fund management company Duxton has been moved up a times on account of the The company.

Sell shares to Duxton, he fears his discretion is reduced?

Mr. Phan Sao Nam: No, I absolutely do not fear it. Duxton invest in The company money so they put their trust in us.

The Duxton more 1 in the control and one in the Board of The company only makes us stronger. When Duxton invest in a common boat. All we would join hands to get the best business results.

There have been many companies have received large investments but eventually returned to the number 0. Is it possible with the The company?

Mr. Phan Sao Nam: The company is not a child has never been the money. In the course of four years of development, the first three years the company has grown at a rate of 300% / year.

By year 4, The company investment identified in depth, tai hinh nen dien thoai , focusing on efficiency. As a result, the first six months profit of The company has increased 1.5 times compared with a profit in 2011.

I advocate restructuring revenue of The company to get the best earnings, are expected to increase 4 times this year. Some areas bring high sales but profit is very thin, it will not focus on development.

With one board member, one chair at the Board of Supervisors Duxton definitely will effectively manage the money that they spend. They clearly defined investment objectives into five spectrums of Network Development Vietnam - go. vn; Production of the domestic game to release and export; Released the game in the country and abroad; integrated TV Services on all infrastructure; Education online and offline, tai game mien phi .


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