Investment aims to create better education and business opportunities for young Vietnamese.
Microsoft announced a $3 million investment plan on March 24 to be carried out in Vietnam over next three years within the framework of the YouthSpark program, which supports young people all over the world in global integration and development. The investment will be used to open skill training centers and create business opportunities for Vietnamese youth.
According to Mr. César Cernuda, Chairman of Microsoft in Asia Pacific, Microsoft sees Vietnam as an emerging market and important partner in Southeast Asian. With strong growth potential and a young population, Vietnam is fully capable of technological development and competing in the international arena. "Microsoft, therefore, is attempting, through the YouthSpark program, to provide better education in information technology," he said.
The YouthSpark program will focus on three main fields: developing Microsoft Vietnam's team staff, developing young people in the country, and supporting young leaders. It has established a mobile phone production factory in Vietnam, employing more than 10,000 workers.
Microsoft also supports the Vietnam Chamber of Commerce and Industry (VCCI) and Vietnet Information Technology (VIETNET-ICT) to enhance technology and communication skills in small and medium-sized enterprises in Vietnam. It will also cooperate will VCCI to help 5,000 business startups, with the aim of improving their competitiveness through applying information technology in e-commerce.
Mr. Vu Minh Tri, General Director of Microsoft Vietnam, believes that the investment is a valuable opportunity that will help Vietnam become a powerful country in technology by 2020, as targeted in the ten-year plan of the government to develop information technology.