Today, I am flying to Denver to participate in the prestigious “SIG Global Summit”.
“SIG Global Summits are three-day events that are packed with the latest best practices, cost-cutting strategies, innovative processes, and risk-mitigation approaches. Through executive roundtables, general sessions, workshops, breakout sessions and networking events, you’ll hear from industry thought leaders, hear the latest best practices and have the opportunity to network with like-minded professionals facing similar challenges.”
Russell Investments has been a member of SIG for four years. I have been sending team members to the annual conference since 2011. Russell presented a leadership topic in 2012 and a contracting topic and a market data topic in 2013. This year, one of my managers was going to present a topic but due to medical reason he was unable to fly so I find myself at the airport flying out for a solo presentation.
My presentation is titled: “A Low Cost Alternative: Vietnam, the New Offshore Location”. The session is 50-min long. I am planning to talk for about 30 minutes or so to leave time for at least 20 minutes of Q&A. I was told to expect between 75-100 participants at my presentation. Yikes! Hope to maintain the audience’s interest. Seriously though, these are all buy-side participants (just like me) so they should be an interested crowd.
The last couple of years, the topic of “Offshore to Vietnam” has been a passion of mine. I have seen so many encouraging developments in the ITO space from thousands of software startups (a tremendous surge of entrepreneurial energy in Ho Chi Minh City) as well as the 25-30% growth of the more mature ITO players, e.g. FPT, GCS, TMA and CMC. In the high tech manufacturing space, there are world class companies establishing their hubs in Vietnam. Companies like Microsoft’s Nokia moving the majority of their phone manufacturing, Intel with its chip testing plan in Ho Chi Minh City, LG Electronics’ $1.5B plant in Hai Phong, Samsung’s investment of over $5B in manufacturing capacity (by 2015, over half of all smart phones will be made in Vietnam). The future potential is certainly exciting.
I will continue my reporting on the SIG conference throughout the week.