(VEN) - The Vietnamese software sector has recorded strong development in terms of the scale and number of companies offering software outsourcing services. This sector has received investment priority given its great potential. This growth is particularly impressive given that Vietnam’s software firms are relatively young compared to those in China and India, but they have caught up rapidly and joined the list of leading software exporters. Information technology (IT) companies are focusing on software development. Some companies have built campus-style workplaces, such as FPT Corporation with three campuses in Hanoi, Da Nang and Ho Chi Minh City. Vietnam enjoys a comparative advantage in the field of software development in terms of abundant human resources and low labor costs. In addition, the state has promulgated policies to support the development of software companies, such as income tax exemption for four years, incentives in personal income tax for software … [Read more...] about Vietnam plays with the big boys on software outsourcing
Software industry growth rate
Quang Trung Software City in Ho Chi Minh City, the country’s top information and technology hub, reported revenues of VND3.3 trillion ($142 million) in the first half this year for the 155 businesses operating inside. This figure, which was up 25.5 percent year-on-year, included $93.4 million worth of software exports, up 36.5 percent. Revenues of Quang Trung Software City last year were worth over VND8 trillion ($344 million), a 25 percent rise over 2016. These growth rates are common for top software companies, including giant FPT Software, which has been reporting them since 2010. Last year FPT’s exports were worth VND6.2 trillion ($266 million). It plans to increase that number to VND7.7 trillion ($331 million) this year, and to $1 billion by 2020. The high growth rates obviously mean increasing job creation by the sector. Data from VietnamWorks, a leading recruitment company, shows there were 15,000 new jobs in the information technology sector last year, … [Read more...] about Vietnam software industry sees robust growth
VietNamNet Bridge - Vietnam’s software firms are developing steadily with stable revenue growth rate of 50 percent per annum. Vietnam's software industry is developing rapidly One of the most important goals set in the Party Politburo’s Directive No 58 released in 2000 was developing IT, especially software, into an important key industry Vietnam’s software firms only began learning ‘how to walk’ two decades ago, when China and India had already become the world’s software export centers. However, they just needed a short time to be added to the list of leading software exporters. In 2000, FPT took the first steps to export software. But in 2014-2017, the largest Vietnamese IT group was recognized by IAOP (International Association of Outsourcing Professionals) as one of top 100 outsourcing service providers – The Global Outsourcing 100. Gartner, when assessing the IT outsourcing services provided by the countries in Asia Pacific, … [Read more...] about What’s status of Vietnam’s software industry after two decades of development?
The BSA | The Software Alliance—the leading advocate for the global software industry before governments and in the international marketplace—has launched its 2018 Global Software Survey: Software Management: Security Imperative, Business Opportunity across the globe today morning. The survey found that 74 per cent percent of software installed on computers in Vietnam was not properly licensed—meaning that Vietnam is the fifth largest nation of piracy in the Asia-Pacific region. This represents a 4-point decrease compared with BSA’s prior study released in 2016. In BSA’s biannual studies in 2013 and 2011, the piracy rates of Vietnam were far higher, at 81 per cent. Unlicensed and outdated software are a key vulnerability exploited by cyberattacks (Source: score.org) According to BSA, this 74 per cent rate of use in 2017 has been influenced in part by important trends under way in Vietnam. While consumer shipments of personal computers (PCs) … [Read more...] about Businesses advised to use legal software to reduce cyberattacks
(VEN) - The industry and trade sector of Ho Chi Minh City (HCMC) has attained consistently high growth, contributing greatly to the city’s fast and sustainable economic development. Minister of Industry and Trade Tran Tuan Anh (first from left) shakes hands with HCMC People’s Committee Chairman Nguyen Thanh Phong in February 2018 Efficient solutions In 2017, the city’s index of industrial production (IIP) increased 8.48 percent, while retail sales and service revenues soared 10.89 percent over 2016. The HCMC industry and trade sector reached a value added of VND356 trillion plus in 2017, representing 33.62 percent of the city’s annual gross regional domestic product (GRDP). As of February, the city’s IIP grew 15.04 percent compared to the same time in 2017. Four key industries continued to grow thanks to the city’s efficient market expansion and technology and competitiveness improvement efforts. Specifically, the food, beverage and … [Read more...] about Industry and trade boost HCMC economic growth