On July 26, 2019 in Hanoi, South Korea's leader in IT - Samsung SDS and 
Vietnam's Top IT and Telecommunication company - CMC Corporation officially 
signed a strategic investment cooperation contract with CMC. The investment 
contract is the comprehensive technology cooperation of Samsung SDS & CMC.

Photo-https://photos.prnasia.com/prnh/20190726/2535729-1

Samsung SDS representatives will join the Board of Directors of CMC, share 
business strategies and build mutual growth promotion programs. In cooperation 
with Samsung SDS, CMC will receive the benefits from the resonance in 
technology strength and market potential, further enhance Southeast Asia 
market. In return Samsung SDS will also improve its position in the Vietnamese 
market by integrating the latest technologies and solutions into CMC's business 
network.

Samsung SDS and CMC Corporation will cooperate to develop business in key 
technology fields including Smart Factory, Cloud, Security, Building Management 
System IoT, and Digital Signage. The two parties continue to develop business 
in Artificial Intelligence (AI), Blockchain and Big Data. In the business of 
Smart Factory, Samsung SDS and CMC will focus on Korean factories in Vietnam, 
then expand their deployment to Vietnamese companies.

Furthermore, Samsung SDS also plans to cooperate with CMC to make the company 
to become GDC Global Software Development and Maintenance Center in Southeast 
Asia market. CMC will act as the main partner in business operations in Asia 
and on the global scale of Samsung SDS.

Addressing at the signing ceremony, Mr. Nguyen Trung Chinh, Chairman cum CEO of 
CMC Corporation said: "Today, CMC Corporation signed a comprehensive strategic 
cooperation contract with Korea's No. 1 information technology company, Samsung 
SDS. We believe this cooperation will create miracle in the wave of digital 
transformation, enhancing Vietnam's position on the world technology map."

Dr. WP Hong, Chairman cum CEO of Samsung SDS shared: "Together with CMC, 
Samsung SDS will promote business to support the digital transformation process 
of customers on a global scale."

Having congrats speech at the signing ceremony, Mr. Phan Tam, Vice Minister of 
Information & Communications expressed:" Ministry of Information & 
Communications would like CMC Corporation and Samsung SDS to strengthen the 
role of leaders and supporters for other local ICT companies to develop and 
create a numerous and dynamic ICT community of Vietnam."

The history of cooperation between Samsung SDS and CMC started in 2016. In June 
2018, Samsung SDS signed a strategic cooperation contract with CMC on deploying 
solutions of smart factory management and administration MES (Manufacturing 
Execution System) for Samsung suppliers in Vietnam. In 11/2018, Samsung 
proposed the comprehensive strategic cooperation in two potential business 
segments: Samsung SDS (USD 9 billion revenue in 2019) and Telecommunication 
Services (Data Center, Cloud) - a fast growing business. CMC Telecom is 
currently the biggest partner to provide international data transmission for 
Samsung in Vietnam thanks to its service quality, fast processing speed and 
comprehensive back-up system capacity.

This strategic investment agreement confirms the trust of Samsung SDS in CMC 
and proves the capacity of Vietnamese technology companies in the trend of 
globalization.

About CMC Corporation and Samsung SDS:

CMC Corporation is the second largest ICT corporation in Vietnam with more than 
26 years of establishment and development. CMC has affirmed its position in the 
market of Vietnam and many countries in the world through 3 core divisions: 
Technology & Solution, Global Business and Telecommunications. In Vietnam, CMC 
Corporation is known as a reliable and prestigious partner in medium and large 
ICT projects for Finance Banking, Public Administration, Taxation, Treasury, 
Customs, Insurance, Education and digital transformation service provider for 
enterprises. In fiscal year 2018, the consolidated revenue of CMC was VND 6 
trillion, pre-tax profit reached nearly VND 300 billion. CMC set its ambition 
to become a global corporation, leading in providing digital transformation 
services and digital services to the region and the world with revenues of USD 
1 billion in 2023.

Established in 1985, Samsung SDS, a member of Samsung (Korea), is a global IT 
services and solutions provider that leading Korea's IT industry. Samsung SDS 
has succeeded in development of famous technology products of smart factory, 
smart building and other 4.0 technology appliances.

SOURCE CMC Corporation

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=341846

   Caption: Signing Ceremony with the witness of Mr. Tam, Vice Minister of 
Information & Communication of Vietnam, CxOs of 2 companies