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Paul Smith, executive chairman for London-based IT services firm, Harvey Nash Outsourcing, has told UK businesses to take advantage of growing commercial opportunities in Viet Nam.
Smith offered his recommendation at a Viet Nam-UK Trade and Investment Opportunities conference, organised by the Vietnamese Embassy for Great Britain and Northern Ireland and the UK-ASEAN in London on Tuesday.
Harvey Nash Outsourcing had been doing business in Viet Nam for 12 year and operates a software development centre in the country. Smith said its offices now generate 30 per cent of the company's total revenue, as well as 30 per cent year-on-year growth, adding that revenue in 2011 was US$836 million and profitable. Harvey Nash is believed to employ 4,500 people in Hanoi and Ho Chi Minh City .
Smith also enthused about the country's entrepreneurial spirit, drive and the energy of his Vietnamese colleagues, describing them as hardworking, loyal, trustworthy, honest and highly skilled and added that despite the challenges encountered when doing business in Viet Nam it had been well worth the effort.