【January 6th, 2010, Hsinchu, Taiwan】Accton Technology Corp. (TAEX:2345) today (01/06/2010) holds the board meeting and announces to set up joint venture company with Viettel in Vietnam. The capital of the new company is US$30 million with the goal to fulfill market demand as well as to increase the operation efficiency through the integration of brand business resources and technology developments in the near future.
According to the report issued from IDC research institute, emerging countries remain to be the main driving force for the growth of global telecommunication markets, especially in those Asian countries. Viettel is the leading operator in Vietnam and well performs in channel and brand marketing in the country, while Accton is the professional in product engineering, efficient manufacturing capability and quality control of networking and communication products. Through the cross technology license and human resource sharing between the two companies, the new-formed joint venture company aims to become the leading networking solution provider in the country by deeply cultivating the local market. The ultimate goal is to achieve the win-win success for shareholders, employees and customers of the both companies.
