National Instruments strengthens presence in Southeast Asia, Vietnam office in HCMC will increase support for Vietnamese research centers
HO CHI MINH CITY, Vietnam, April 28, 2011 — National Instruments today reinforces its commitment as partner of Southeast Asia’s emerging economies in world-class research and innovation with the decision to open its first Vietnam office in Ho Chi Minh City. Based at the soaring CENTEC Tower in District 3, National Instruments Vietnam will support the country’s research centers and booming technology sector.
“National Instruments has been involved with universities and research institutes in Vietnam for more than a decade,” said Chandran Nair, managing director of National Instruments Southeast Asia. “Our approach in Vietnam, like in most countries where we begin operations, is to work closely with the academia and R&D organizations to ensure that the latest tools and technologies are made available to our customers and academic partners.”
The demand for automated test and advanced control systems in Vietnam has increased tremendously over the past few years because of the rapid expansion of global technology companies setting up manufacturing, assembly and test sites around the country.
“Vietnam has shown economic stability and resiliency in the midst of the world financial crisis,” said Pete Zogas, Senior Vice President of Sales and Marketing. “Vietnam’s GDP grew 6.7 percent in 2010 and the country also remains a leading manufacturing center. With a dedicated office here and a local team in charge, we are in a position to serve our both our academic partners and customers better.”
National Instruments forecasts an optimistic outlook for the Vietnam market over the next five years, focusing on sectors such as oil and gas, manufacturing, building and infrastructure and automotive. The company also seeks to boost its collaborations with academic and research organizations.
National Instruments growth strategy across markets has always been focused on helping engineers build user-defined measurement and control systems. This helps them create local intellectual property and increase their contribution to their respective organizations.
Vietnam is home to some of the region’s most promising research centers. Renowned universities such as Ho Chi Minh University of Technology, Ho Chi Minh University of Engineering and the Technology and National University of Vietnam have been adding highly-skilled technologists, scientists, inventors, engineers and product developers to the local talent pool.
About National Instruments
National Instruments (www.ni.com) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 30,000 different companies worldwide, with no one customer representing more than 4 percent of revenue and no one industry representing more than 15 percent of revenue. Headquartered in Austin, Texas, NI has more than 5,200 employees and direct operations in more than 40 countries. For the past 12 years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company’s investor relations department by calling (512) 683-5090, e-mailing email@example.com or visiting www.ni.com/nati.
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