Sits services play a vital role in Brazil's economy, contributing 71% of the total GDP. Telecommunications hold the largest market share at 43.12%, while IT services have a share of 17.87%. Due to its corporate income tax policies that incentivize investments, Brazil is an attractive destination for investment resulting in successful Sits projects when compared to other countries.
This makes both Vietnam and Brazil promising investment opportunities for Vietnamese enterprises, especially since Brazil will be hosting major events like the World Cup in 2014 and Summer Olympics in 2016. However, cultural challenges such as language barriers and corruption issues may arise for FTP Corporation (FTP) .To navigate this competitive market where foreign Sits firms hold over 40% market share, it is recommended that PPTP invests in start-ups while maintaining good relationships with government auth
...orities.
Established by thirteen scientists under the name F-DOD Processing Technology Company in Vietnam back in1988 with the aim of exporting fruits abroad; FINANCING AND PROMOTING TECHNOLOGY CORPORATION (FTP) changed its name to offer various Sits products and services achieving over US$2 billion fiscal revenue by 2012 employing around fifteen thousand workers.
In 2012, FTP generated just under VND 10,000 billion, which was slightly lower than the figure from two years prior. Lee announced that there had been a 23.4% increase in market price for FTP with a market value of VND 58,055 per share in the same year. As one of the top corporations in its industry, FTP is involved in electronic component distribution and offers telecommunications products and IT software services to personal users and business partners such as Microsoft, IBM, and HP. The company has expanded into five product mixes including
three segments of FTP software: system integration, software development and outsourcing solutions offered through their own branded offerings -FTP software-. Their services range from education to telecommunications across various industries operating under entities like Teen Phone Bank or FTP City SC within sectors like financials or real estate.Their international strategy focuses on finding new markets with profit generation purposes;since 2010 they experienced an annual revenue increase of approximately 30% in foreign markets.They analyze their expansion efforts abroad using both transactional strategies as well as international approaches.To develop further business opportunities,the company may choose to work with Vietnamese outsourcers while also considering local responsiveness when introducing new products overseas.Collaboration with local partners may be necessary when creating business intelligence footwear for manufacturing or office processes using FTP objects received from Japanese clients and partners, due to cultural differences. Brazil, the largest country in the LACK region, shares borders with most South American countries and has an Atlantic Ocean coastline in the East. It is a leading coffee exporter and boasts "an economic recovery," with a population of about 201 million people as of July 2013 and a GDP of almost $2.394 trillion in 2011. Its government system is liberal democratic, elected by its citizens and currently working on combating corruption which affects both businesses and authorities while consuming resources. Transparency International (2013) reports that Brazil ranked 72 out of 177 on the Corruption Perceptions Index (ICP) in 2013 with a score of 42 – indicating a slight decrease compared to its rank of 69 out of 177 with a score of 43 in 2012; however this dip may be attributed to improvements in law enforcement.
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