More money from software exports

The 2017 report of the Ministry of Information and Communication showed that Vietnam’s software exports brought VND58.5 trillion, an increase of 4.4 percent over 2016.

Prior to that, Gartner listed Vietnam among top 10 emerging markets in software outsourcing in Asia Pacific. 

Meanwhile, Tholons in 2016 placed Hanoi in the 19th position and HCMC the 18th in its list of 100 most attractive cities in outsourcing services in the world. 

Vietnam tops the list in Cushman & Wakefield’s list of BPO (business process outsourcing).

As the country’s leading IT center, Quang Trung Software Park in 2017 reached VND8 trillion, or $354.5 million in revenue. Of this, export revenue accounted for more than 70 percent.

In the first half of 2018, the total revenue of 155 firms operational at the software park was VND3.316 trillion, or $146 million.

Reports showed that the annual 25-30 percent growth rate is common for good software firms. This is also the figure obtained by FPT, the largest IT group, since 2010.

In 2017, FPT earned VND6.242 trillion from software export, while it strives to earn VND7.7 trillion this year and $1 billion by 2020.

The hot development of the software industry has led to the thirst for a workforce. VietnamWorks reported that the number of jobs in IT industry offered on the website has increased by 50 percent in the last three years.

In 2017, there were 15,000 jobs offered in the software app development and hardware, with 53 percent of the opportunities in HCMC, the country’s largest technology center.

AI, Blockchain

A survey conducted by VietnamWorks found that 86 percent of respondents could see development potential and benefits of AI and Blockchain.

The biggest benefits that AI can offer in the next 5-10 years include the application of AI in Big Data to analyze figures and find better solutions (39 percent); the creation of smart machines which can help industries run on complete automation (24 percent); and the creation of smart robots which undertake dangerous work.

As for Blockchain, the biggest expected benefits include the application in the finance & banking. Blockchain can carry out money remittance transactions anywhere in a safe, quick and secret mode (22 percent). They also believe that Blockchain can generate apps to examine the quality and authenticity of goods (18 percent). 

AI and Blockchain are the two technologies which Vietnam’s technology firms show great interest in. AI is also a goal for Vingroup.

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