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CMC establishes CMC Technology & Solution Company

Released at: 09:21, 16/04/2019

CMC establishes CMC Technology & Solution Company

At the launching ceremony for CMC TS (Photo: Luu Nguyen)

CMC's new subsidiary launched on April 11.

by Hoang An

The CMC Technology Corporation officially launched the CMC Technology & Solution Company (CMC TS) on April 11.

CMC TS was established by combining the experience and capabilities of four member companies of the CMC Corporation expected to bring breakthroughs in business and technology.

Speaking at the launch, Mr. Nguyen Trung Chinh, Chairman of the Board and General Director of the CMC Corporation, emphasized the advantages CMC TS possesses as well as its development opportunities in line with the business direction of the CMC Corporation as a whole.

CMC recently launched an open infrastructure ecosystem for businesses and organizations called C.OPE2N (CMC Open Ecosystem for Enterprise). “Through C.OPE2N, CMC hopes to make Vietnam the ‘Digital Hub’ of Asia-Pacific, connecting data and sharing knowledge with the globe,” Mr. Chinh said.

With that technology strategy, the business goal of the CMC Corporation in the 2019-2023 period is to become a “billion-dollar company”, with revenue of $1 billion by 2023. To achieve this goal, the Board of Management decided to restructure CMC into three business segments, corresponding to three new corporations officially operating from fiscal year 2019.

With a team of nearly 1,000 employees and experts in the IT field, CMC Corporation’s Board expects CMC TS to become one of the leading enterprises in the IT field in Vietnam, bringing its technology vision to the world.

“The consolidated revenue of CMC TS’s four companies reached over VND3 trillion ($ 130.4 million) in the last fiscal year,” said Mr. Ho Thanh Tung, General Director of CMC TS. “CMC TS was established as the leading enterprise in the IT field in Vietnam.”

CMC TS’s ambition is to occupy the leading position in digital transformation solutions for governments, organizations and businesses, provide cloud computing solutions, and provide data services and information security services.

It will focus its resources on providing software solutions for the public finance sector, ministries, banks and enterprises, smart city solutions, and software products under the SaaS (software as a service) business model.

CMC TS will also focus on researching and developing new technologies such as cloud, big data, SaaS, IoT, fintech, and insurance tech, etc.

CMC is the second largest ICT corporation in Vietnam, with nearly 26 years of experience.

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