Vietnam’s software firms are developing steadily with stable revenue growth rate of 50 percent per annum. 

VietNamNet Bridge - Vietnam’s software industry has high capability, great development potential, and a bright future, experts say. 

On a nice day in 2013, Lam Quoc Vu, full of hope, met investors to raise funds for QA Symphony, his two-year-old business. But investors in Silicon Valley took the wind out of his sail.

VietNamNet Bridge - Experts are advising software firms to spend money in niche markets.

 VietNamNet Bridge – Business process outsourcing has fared well for Vietnam over the decade leading up to 2016, Vietnam’s main software industry body said at a recent launching ceremony for the 2016 Sao Khue awards.

 Vietnam has reaped many successes in developing the software industry, but to expand the market of software products, it must pay more attention to human resources and product development.

 VietNamNet Bridge – Small scaled in operation, incapable to undertake big projects, Vietnamese software firms have missed a lot of opportunities to make money.

VietNamNet Bridge – The information technology industry, especially the software sector, developed strongly last year and promises to enjoy high growth this year and in coming years.

 VietNamNet Bridge – More Vietnamese software firms target Japan as the biggest market after they obtained certain achievements and realized that it is not too difficult to get orders from the market.

VietNamNet Bridge – Vietnam should not try to compete with other countries in the hardware development. It should gather strength to make its dream of developing the software industry realistic.

The unhealthy competition has exterminated the creativeness of enterprises and discouraged them to spend money to develop software products.

 VietNamNet Bridge – The software industry could reap a bonanza in 2013 as Japan looks for outsourcers beyond China, according to the Vietnam Software Association (Vinasa).