Q1 revenue from software outsourcing grows strongly Ha Van By Ha Van - The Saigon Times Daily HCMC - Software outsourcing companies recorded high revenue growth in the first quarter of this year versus last year’s same period and expected to maintain this momentum in the coming months based on the contracts they have won for the entire year. Tran Phuc Hong, managing director of TMA Solutions, forecast the software outsourcing market would maintain stable growth towards the year-end as most of the contracts had been secured in the year to date. “TMA’s revenue rose by around 20% in the first quarter against last year’s same period. We have signed contracts for the entire year,” Hong said. Similarly, Global CyberSoft won many outsourcing contracts from the Japanese and North American markets in the first three months of this year and this helped the company register strong growth of some 25%, said deputy general director Ngo Van Toan. On the optimistic … [Read more...] about Q1 revenue from software outsourcing grows strongly
Outsourced product development companies
Software outsourcing firms ride out tough times By Hien Nguyen - The Saigon Times Daily HCMC – The software outsourcing sector is powering ahead again as many local firms reported better results last year than in 2008 and 2009 when the financial crisis struck the global economy. Pham Tan Cong, general secretary of the Vietnam Software Association, said 2010 saw the outsourcing sector recovery gaining steam with its traditional markets like Japan and North America improving. It was tough for Japan’s information technology industry in 2009, thus rattling the domestic software industry. Japan is a huge IT market with an annual turnover size of US$130 billion, said Cong. As the economic crisis bit, Japanese IT companies shut down their Vietnam branches, hurting the software outsourcing sector in Vietnam that is seen as the third largest outsourcing market for Japanese companies. “Japan companies are coming back with many deals clinched with Vietnamese software … [Read more...] about Software outsourcing firms ride out tough times
VietNamNet Bridge - Vietnam has replaced China as the second largest partner in Japan’s software outsourcing market. India and China were the two largest software outsourcing markets for Japan. However, Vietnam moved to the second position last year, according to Nguyen Ich Vinh, CEO of Tinh Van Outsourcing from Global Outsourcing Market research. India remains the largest outsourcing market for Japan with 31.5 percent of the market share. Meanwhile, Vietnam, which has ousted China from the second position, holds 20.6 percent. One of the reasons which explain why Japanese enterprises choose Vietnam as the outsourcing partner, according to Nikkei, is that the cost to hire Vietnamese IT engineers is 30-40 percent cheaper than Chinese engineers. This prompted Tinh Van to set up a representative office in Japan in late 2015 which gets orders directly from Japan. Shigeki Maeda, Vice President of Jetro Tokyo, said the Japanese government strives to turn Japan into the … [Read more...] about Vietnam ranks second after China in software outsourcing for Japan
RESOLUTION Key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012 Despite many difficulties and challenges in 2011, the national economy has, as guided by the sound leadership of the Communist Party and drastic measures taken by the Government, as well as fuelled by efforts exerted by sectors and agencies of all levels, the business community and people, moved positively and obtained an array of significant achievements in curbing inflation, stabilizing the macro-economy, and ensuring social welfare. These included an economic growth rate of at about 6%; agriculture developing stably; food output making a new record high; industrial production increasing fairly; service and tourism sectors continuing with their growing trend. Export turnover saw a three fold rise over the preset target; trade deficit went down sharply; State budget overspending dipped; the currency and credit balance were put under control; the foreign … [Read more...] about Key solutions for realizing socio-economic development plan
VietNamNet Bridge - Like Apple’s products, which bear the words “Designed by Apple and assembled in China” on their backs, BPhone shows the words “Designed by BKAV - Made in Vietnam”, which has raised curiosity. Related news BPhone gets a “like” from domestic netizens Vietnamese doubt that BPhone is made in Vietnam. And they have every reason to be doubtful about BKAV’s statement that it is a 100 percent Vietnamese made product. There are many smartphone models bearing Vietnamese brands, but they are, in fact, made in China. This means that Vietnamese companies order Chinese partners to make the products in accordance with their design and import to Vietnam to sell under their brand names. Vietnamese people don’t believe that Vietnamese technologies are advanced enough to create such high-technology products like smartphones. It is obvious that the father of BPhone is a Vietnamese. However, it is unclear if it is a … [Read more...] about Is BPhone a product of Vietnam?