More than 90 percent of IT firms in Vietnam want to hire more staff and expand their business after the pandemic, according to the latest report by Navigos Group.

Most Vietnamese game developers are targeting foreign markets as the domestic market is still too small and cannot support independent game studios.

A string of important IT events will be held in the central coastal city of Da Nang from October 21-24, helping promote cooperation among Vietnamese and foreign IT firms, the Vietnam Software and IT Services Association (VINASA) said.

Vietnam has been very successful in the software outsourcing field over the past decade that many countries regard it as an Asian outsourcing hub.

Instead of complicated codes, V-logic users can become coders with simple commands like ‘Bat den Led roi cho 1 giay sau tat  den Led’ (turn LED lamp on, wait one second, and turn off the lamp).

Vietnamese IT firms now have great opportunities from large markets such as the US, Japan, Europe and Singapore. However, most of them are focusing on low- and mid-end products.

VietNamNet Bridge - Reports show that the Vietnamese brain drain is affecting employers and businesses.

VietNamNet Bridge - A government report shows that Vietnam needed 250,000 domestic helpers in 2015, while HCMC alone needed 10,000 helpers. But only 30 percent of the demand could be met.

VietNamNet Bridge - Analysts commented that IT firms will have too many jobs as the government’s Resolution 36 on e-government has been released. However, small firms fear they may not get the jobs.

The Vietnam Tax Consultants Association (VTCA) has completed the draft on the new tax policy for information technology (IT) firms as assigned by the government. It plans to give more tax incentives to encourage the development of the industry.

 VietNamNet Bridge – Tax incentives should be used to allow enterprises in the fields of information and technology to maintain their businesses and pay taxes in Viet Nam,

Sharing work is what Vietnamese information technology (IT) outsourcing firms, most of which are small, should do to satisfy requirements set by foreign clients. However, they hesitate to share work because of a lack of confidence.

VietNamNet Bridge - Many information technology (IT) firms have decided to focus on developing software for mobile devices, because of its high profits. However, they cannot find enough workers.

VietNamNet Bridge – Information technology conglomerates are willing to try new ways to earn money, especially at a time when it is difficult to find customers in a tough economy.

 After ending last year with encouraging results, several IT firms in Ho Chi Minh City have set higher business targets this year.

 VietNamNet Bridge – Many enterprises in the information technology sector plan wage hikes to retain their employees, particularly talents,

 VietNamNet Bridge – Information technology (IT) companies have been doing well in the economic downturn, and continue to be sought after by investors.

 VietNamNet Bridge – In the second quarter of this year, the demand for information technology (IT) engineers surged as Japan had moved some of its software projects from China to Vietnam.

Vietnamese information technology (IT) firms are aiming for higher profits by focusing on a new sector, agricultural production.