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Today, IBM will announce its plans to target Vietnam as a key market for new investments and partnerships with venture capital firms and affiliated startups in Southeast Asia. The hardware/software giant will open a new facility in Vietnam and will start joint research and curriculum programs with local universities.

Specific areas of interest for IBM investment include analytics, clean tech, cloud computing, smart grids, electronic health care, and green data centers. The company's expansion into Vietnam is a response to what they see as accelerated IT growth in that area.