Malaysian information technology (IT) services provider, Formis Resources Bhd, wants to be a formidable player in Vietnam’s IT market, said Formis Resources’s Chairman Megat Najmuddin Megat Khas.

”We have already ventured into and met with some success in that country. We hope to build on this success and become a major player in Vietnam in the years to come,” he said.

Last November, Formis signed an agreement to computerise the trading management operations of the National Securities Inc (NSI), a Vietnamese stock-broking house in Hanoi.

The company has set up an office in Hanoi to assist in its operation in Vietnam, according to its managing director Chan Ngow.