And the winner is…

Hanoi! On Friday the board of Directors decided that Pentalog would open its next office in the Vietnamese capital city. Several factors influenced this decision:- the Asian location will complete the group’s marketing position- it will bring additional benefits in terms of production costs compared to Ukraine and Romania- Vietnam enjoys great political stability- Hanoi disposes of a very good education system and is less glutted than Ho Chi Minh City- the country has understood the importance of having very well-organized high level academic courses, all over its territory, through international partnerships- Vietnam already has 3 investment poles of great interest for our future development.About this last point, I believe that a second Pentalog office will be set up in the near future in Ho Chi Minh City. I am expecting it for the the beginning of 2009. Ho Chi Minh will also remain a luxury alternative in case of difficulties with our office in Hanoi. Of course we are definitely not closing the door to Ukraine, a country that is so close to us, but we consider that the Ukrainian people must urgently solve their political and financial problems if they want to attract new investors. I cannot expand in a country that hinders circulation of capital and has shut its eyes for 2 years to the crisis that was obviousls threatening it.Back to our Vietnam project, we are going to get back in touch with the persons we met, the persons we have been talking to and those we are going to recruit…