Vietnam is seriously lacking IT engineers, which explains why many new graduates with good skills and experience find jobs with attractive pay of up to VND30 million ($1,300) a month.

Vietnam aims to have around 50,000 IT and electronic and telecommunications companies, of which 10 large companies will have revenues of at least US$1 billion each.

Vietnam has reaped impressive economic successes in 2019 and is expecting a bumper crop this year.

Prime Minister Nguyen Xuan Phuc has signed a decision to approve the Da Nang Information Technology Park (DITP) as a centralised information technology (CIT) zone.

Despite being hailed as a high-income sector with massive potential, IT continues to face shortages and a weak labour force that requires comprehensive changes through earlier education and training.

The number of variants of money stealing malware rose in the third quarter of 2019, though the number of victims recorded fell, according to a report from security firm Kaspersky.

The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting.

Such trend would help better meet transportation needs at more affordable prices, ensuring convenience, safety and improving service quality of both taxis and electronic-contract based vehicles, stated Prime Minister Nguyen Xuan Phuc.

Information and technology (IT) firms will lead the country’s digital transformation in all sectors, said Phan Tam, Deputy Minister of Information and Communications (MIC).

Efforts to develop an information technology (IT) workforce were highlighted during a dialogue between Prime Minister Nguyen Xuan Phuc and representatives of leading Japanese technology groups in Japan on Friday.

Vietnam’s software firms are no longer satisfied with outsourcing for foreign partners. They have shifted to conduct research and develop products of their own.

Vietnam’s technology firms need to develop tax incentives, human resources and legal framework. But all three factors are putting the firms at a disadvantage.

The Viet Nam Information Technology Outsourcing Conference (VNITO) 2019 will be held for the third time in HCM City from October 23 to 25.

VietNamNet Bridge - Vietnam has become a magnet for foreign technology firms, thanks to a workforce with high qualifications and competitive salaries.

VietNamNet Bridge - The blockchain market in 2019 is predicted to mature and gradually enter a growth period that will bring real benefits.

The high growth rate of software outsourcing and the lack of a labor force in the industry have triggered a vigorous human resources competition among software firms.

VietNamNet Bridge - Not only companies or large corporations will use AI, but small shops, households, supermarkets and buildings will also become clients of the technology.

VietNamNet Bridge - With nearly 3,000 startups, Vietnam is entering a startup boom similar to Europe’s in the 2010-2011 period, according to Max Scheichenost, the co-founder of 15 startups. 

Vietnam is witnessing an active startup movement with young people rushing to set up businesses. But experts warn that enthusiasm alone won’t ensure success.