The partnership between Tinhvan Japan and Magic Software Japan not only opens up many new opportunities for both parties but also creates additional value for customers in the Japanese market. This cooperation maximizes the human resources and technology of both sides, allowing for the effective implementation of large and complex data integration projects connecting customers’ existing IT systems.

Partnering with Tinhvan Japan will help improve project development speed, thereby providing services to customers more quickly. Through close collaboration, both companies will ensure that projects are completed on time and meet quality standards.

Utilizing domestic human resources from Tinhvan Software significantly reduces development costs for projects. With a large, experienced workforce and lower operating costs compared to Japan, Tinhvan Japan will help Magic Software reduce overall development and system maintenance costs. This enables Magic Software and its partners to offer competitive services while maintaining high quality, addressing the diverse and stringent demands of customers.

Additionally, Tinhvan Software plans to expand its cooperation scope to other technology platforms of Magic Software and introduce these tools to the domestic market in the near future.

Magic Software Japan Co., Ltd. is a wholly-owned subsidiary of Magic Software Enterprises, a global technology group with a business network in many countries. Magic Software provides a variety of solutions and services, focusing on the low-code development tool “Magic xpa” and the data integration platform “Magic xpi”, helping customers optimize their business processes and achieve maximum efficiency.

Tinhvan Japan is a subsidiary of Tinhvan Software, a member of Tinhvan Group, one of the leading software companies in Vietnam. Established in 1994, Tinhvan Group has established its position in the international market with over 30 years of experience and more than 1000 successful projects in software development, IT consulting, digital transformation, and cloud services. Tinhvan Japan’s headquarters is located in Shinagawa-ku, Tokyo, Japan, focusing on offshore development and system engineer services (SES), serving the Japanese and international markets.

Representatives of Tinhvan Japan and Magic Software Japan at Magic Software Japan Headquarters.

Kitano is recognized for its contribution to financial management, being the first software solution in Vietnam that fully supports the functions of internal audit according to International Internal Audit Standards, developed by Tinh Van in collaboration with Protrain – a leading company in internal audit, risk management, and internal control consulting and training. The software not only automates the process of preparing the annual Internal Audit Plan but also supports independent audits, enhancing work efficiency and productivity

Mr. Nguyen Son Tung, Deputy General Director of Tinh Van, received the Sao Khue 2024 award for the Kitano audit management solutions

One of Kitano’s standout features is its ability to securely connect with other databases and enterprise systems, offering a unified solution for managing and controlling audit quality in real-time. This product also provides useful tools to standardize operations and manage work progress, laying a solid foundation for a professional, modern image of the internal audit industry in Vietnam.

The Sao Khue Award, over its 20-year history, has become the most prestigious award in Vietnam’s IT and communication industry. The event not only honors outstanding technology products and solutions but also serves as an opportunity for businesses and individuals in the industry to share experiences, learn from each other, and seek cooperation opportunities.

Tinhvan Software is a leading software development company with an impressive track record of delivering high-quality software solutions to clients in various industries, including finance, healthcare, and education. TIS, on the other hand, is a global provider of IT services and solutions, with a focus on digital transformation, software development, and quality management.

During the visit, representatives from both companies discussed various aspects of their operations and explore potential areas of collaboration. The discussion covered topics such as project management methodologies, software development practices, and quality assurance processes. The two companies also exchanged ideas on how they could work together to develop new software solutions and services that would meet the evolving needs of their clients.

The visit resulted in a fruitful discussion that highlighted the potential for collaboration between Tinhvan Software and TIS. Both companies agreed to explore possible opportunities for working together on future projects. The Representative of TIS expressed his appreciation for Tinhvan Software’s expertise in software development and commitment to quality, and said he looked forward to further discussions on how the two companies could collaborate to deliver even better software solutions to their clients.

TOP 10 Vietnam ICT Companies 2021 program to select and introduce TOP 10 enterprises in 16 fields is divided into 4 groups. The total revenue of units honored in the TOP 10 Vietnamese ICT Companies this year reached more than 8 billion USD, accounting for more than 60% of the revenue of the entire ICT software and service industry in 2020.

Over the years, Tinh Van, with the Banking and Finance Software Solution Center, has provided e-portal solutions for ministries  (Ministry of Public Security,  Supreme People’s Procuracy, Ministry of Finance…), along with services for the State Bank of Vietnam, State Securities Commission, Radio Frequency Administration… With its contributors, Tinh Van was honored in TOP 10 Vietnam ICT Companies 2021 in the field of: Enterprises providing digital government solutions.

Mr. Nguyen Son Tung – COO of Tinhvan Group received the Certificate of TOP10 Vietnam IT Enterprises 2021

Attending and awarding certificates and honoring businesses with the presence of leaders of the Ministry of Information and Communications, the Ministry of Science and Technology. This year’s award ceremony, in addition to the live award ceremony at FPT Building, 10 Pham Van Bach, Cau Giay, Hanoi, was also streamed on a some of platforms such as the program’s official website (top10ict.com), VINASA’s Youtube channel, VINASA’s Facebook Fanpage, FPT Television.

Taking place in the context that the world and Vietnam have to fight the Covid-19 pandemic, the TOP 10 Vietnam ICT Companies 2021 program is one of VINASA’s activities accompanying the Government to realize the goal of forming force 100,000 Vietnamese digital technology enterprises by 2030, to meet the needs of socio-economic development.

The announcement marks another addition to Contour’s growing number of systems integration partners, with IntellectEU, Mphasis, and ThoughtWorks China, already helping to implement the digital network across the financial sector. The partnership with Tinhvan will help Contour expand and scale with clients in Vietnam – one of its major growth markets.

Overreliance on paper continues to generate significant inefficiencies in the trade finance industry.  Vietnamese companies often find LCs difficult to manage because of the abundance of paper documents needed as well as the time required to complete the transaction. At present, each stage of LC processing can take up to 10 days in Vietnam which leads to a tie-up of valuable working capital and slower export speed.

Contour’s decentralised network overcomes this challenge, with a focus on creating streamlined connections between trade participants. Contour digitises the LC process, shortening the settlement time involved in traditional paperwork by over 90%, removing the administrative barriers between buyers, sellers, and both their financial institutions.

With this partnership, Tinhvan’s clients will benefit from frictionless collaboration and communication with their counterparties, replacing time-consuming legacy processes without having to disrupt day-to-day operations.

Carl Wegner, Chief Executive Officer at Contour, said: “Our digital trade finance network connects trade participants across the globe to enhance efficiency, cut costs and improve access to financing. However, the key to driving adoption is to simplify integration with the often-complex legacy systems banks and corporates are forced to deal with in the back office – and our partnership with Tinhvan Technologies does just that. We’re excited to build on our relationship with Tinhvan as we continue to grow our footprint amongst banks and corporates in Vietnam.”

Hoang To, Chief Executive at Tinhvan Technologies, said: “We pride ourselves on partnering with firms at the forefront of technology like Contour, and as a software development company, we are always seeking innovative products that assist our customers in enhancing their productivity and growing their digital businesses transformation (DX) capabilities.”

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About Contour:

Contour is a leading digital trade finance network that is building the global standard for trade by bringing together the world’s banks, corporates, and ecosystem partners, onto a common, digital, and trusted network. Powered by innovation, trust and collaboration, Contour uses decentralised technology to offer seamless integration with market-leading digital document systems and other digital networks, enabling the instant flow of trusted data across the world’s trade routes and current fragmented ecosystems. Contour has been named as a Leader in Trade for Digitalisation at the GTR Awards 2021.

www.contour.network

About Tinhvan Technologies:

Tinhvan Technologies (TVH) is leading IT corporation in Vietnam with more than 28 years. Over this time, TVH has affirmed its position in the domestic market and many countries around the world through its core business activities.

Our strength as a corporate group lies in our composite capabilities as IT professionals in creating solutions and consistently providing these solutions to our clients. The members of the Group have amassed a solid track record in building IT solutions for clients in many different industries, including the banking, financial services, and insurance (BFSI) sector.

Going forward, TVH will continue to follow the strategy of “Digital Synergies” to serving the client concerns and address their issues around business expansion and business succession by embracing new innovation fuelled by digital transformation, dubbed “DX”.

http://tinhvan.vn