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TMCNet:  2013 Vietnam IT Report

[January 16, 2013]

2013 Vietnam IT Report

(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/bfw8zt/2013_vietnam_it) has announced the addition of the "2013 Vietnam IT Report" report to their offering.

Which industry is contributing the most to Vietnam's economic growth, one might ask. It could be oil and gas, agriculture, textile, or anything else, but it cannot be denied that the IT industry is the key driver for the whole economy. IT has made a significant contribution to the country's GDP. Vietnam is now ranked among the most attractive destinations for outsourcing. FDI companies such as Samsung, Nokia, Canon, Intel, Foxconn, and Gemtek Technology have increased their commitment and investment in Vietnam.

Despite the fact that Vietnam has also faced the global economic downturn and domestic challenges, the IT industry still scored an annual revenue of USD 13.633 billion in 2011, a 79% year-over-year growth thanks to a rocket increase in the hardware sector. This growth has seemed to continue and we anticipated that the IT industry would reach a revenue of USD 17.6 billion in 2012. These developments are amazing since the average growth rate during the 2001-2010 period is between 20% and 25% per annum.

In light of achievements during 2000-2005, Vietnam's IT industry has maintained high growth rates and achieved significant results during 2006-2010. The industry has become a key economic-technical sector, and also an important driving force for economic development, reducing poverty and improving people's living standards. IT developments have allowed Vietnam to gradually catch up with developed countries around the world. The development of Vietnam's IT industry is diversely in several sub-fields such as the software industry, hardware industry, digital content industry, and IT services. The hardware sector contributes the most to the industry revenue but has low added value due to strong concentration on simple assembly lines. The digital content industry and IT services are expected to boom in coming years but Vietnamese companies might lose the domestic markets to foreign competitors. The software industry is still very much fragmented as Vietnamese software firms are still small in size and lack strategic and creative directions. Furthermore, the global financial crisis and challenging domestic economy have resulted in software and digital content sectors to have slower growth.

This 85-page strategic report, prepared by our local industry insiders and subject matter experts, will help explain further details of the Vietnamese IT industry and subsectors. Audiences will start to get the big picture about the industry by understanding what others have recognized about it via international ranking in particular areas. For example, we can better understand the status of the e-Government in Vietnam later on when we, at the beginning, realize where it is positioned against its counterparts in other regions and in the world.

Key Topics Covered: 1 EXECUTIVE SUMMARY 2 IT INDUSTRY RANKING 3 VIETNAM'S IT INDUSTRY SWOT ANALYSIS 4 IT POLICY, STRATEGY, AND RELEVANT LAWS AND REGULATIONS 5 IT-RELATED ORGANIZATIONS 6 IT UTILIZATION 7 PROFILE OF IT SUBSECTORS 8 PROFILES OF MAJOR VIETNAMESE IT COMPANIES 9 HUMAN RESOURCE DEVELOPMENT IN IT For more information visit http://www.researchandmarkets.com/research/bfw8zt/2013_vietnam_it CONTACT: Research and Markets, Laura Wood, Senior Manager.

press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Sector: Computing and Technology (http://www.researchandmarkets.com/categories.asp cat_id=4&campaign_id=bfw8zt) ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).

(c) 2013 M2 COMMUNICATIONS

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