Chu Tien Dung, Chair of the Quang Trung Software Park Development Company, said that in 2011, most of the enterprises in the park do not obtain high growth in turnover.

“The firms which specialize in providing services on the domestic market have been facing a lot of difficulties, while their turnover has increase insignificantly. Especially, a lot of them have seen the turnover decrease,” Dung said. Only the software firms, which do the outsourcing for foreign companies, can see the turnover increasing.

Not only the enterprises at the Quang Trung Software Park, but FPT (the Corporation for Financing and Promoting Technologies) and CMC Technology Group, the two leading firms in the IT field, have also witnessed their turnover and profit decrease sharply.

FPT’s report shows that by the end of November 2011, though the company’s turnover had reached 22,980 billion dong, an increase of 23 percent over the same period of 2010, the firm had only fulfilled 86 percent of the yearly business plan. Meanwhile, FPT’s pretax profit had reached 2321 billion dong by that time, or fulfilling 89 percent of the yearly plan.

Truong Dinh Anh, General Director of FPT is nearly sure that FPT would not obtain the targeted 30 percent growth rate in turnover as he himself set up when taking the office in mid 2011. The pretax profit of the company is estimated to reach 2570 billion dong, lower than the targeted level of 2620 billion dong set up in July 2011, while the turnover is expected to reach 26 trillion dong, lower than the targeted level of 26,800 billion dong.

Explaining this, Anh said that the high inflation plus the economic downturn both have affected the demand, which has influenced the business operation of the group.

“In such difficult circumstances, some subsidiaries of FPT cannot fulfill their business plans,” Anh said, adding that anticipating the difficulties ahead in 2012, the company would have to reconsider the revenue and profit growth targets for 2012.

CMC also said that it did not have a prosperous year in 2011. CMC still has not had the finance report of the fiscal year (CMC’s fiscal year begins on April 1 and finishes on March 31 of the next year). However, in the two consecutive years of the 2011 fiscal year (the second and third quarters of 2011), the turnover and profit of the company were all lower than the same period of the 2010 fiscal year.

The net revenue from sales and services of CMC in the two quarters only reached 1540 billion dong, lower than the 1890 billion dong level of the same period of the last year. The total pretax profit of CMC was 10.9 billion dong, while it was 38.6 billion dong last year.

CMC’s leadership has attributed the sharp falls of turnover and profits to the demand decreases and the higher financial costs, since the company has to pay higher for bank loans.

However, both FPT and CMC believe that they would have good business opportunities in 2012. FPT, for example, has said it can see opportunities in merger and acquisition in 2012. It is planning to purchase the state’s capital contribution in FPT Telecom. Besides, it plans to budget five percent of pretax profit for research and development in order to create new added values for the company.