Wednesday, September 5, 2012

U.S. funds Fortune 500 high-tech ‘mission’ to Vietnam

Patriot Update ^ | Sept. 5, 2012 | Steve Peacock

Potential opportunities in Vietnam for U.S. information and communications technology (ICT) companies are plentiful—and yet the Obama administration will force U.S. taxpayers to shoulder the burden of exploring those possibilities on behalf of that thriving industry, which comprises several Fortune 500 companies.

Indeed, a Patriot Update review of recent federal contracting records shows how one particular federal entity, the U.S. Trade & Development Agency (USTDA), taps into the Treasury to fund exploratory missions for the ICT sector and a multitude of other industries...
USTDA is pursuing this endeavor despite explicitly acknowledging in that same planning document that U.S. technology behemoths such as HP, IBM, Oracle and Cisco already have “an active presence in Vietnam.”
(Excerpt) Read more at patriotupdate.com ...

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