Software industry in vietnam

Vietnam s plans for a digital economy, smart cities, and startups have helped the countrys it industry continue to record strong revenue growth the growing capital inflow in vietnam s it industry from private investors, especially foreign ones, has been considered a golden opportunity for the industry to expand, an official press release has noted. Nov 27, 2012 vietnam s burgeoning tech industry includes software development companies of all sizes working hard to prove vietnam is a worldclass hub of outsourcing providers. Viet nam information and communication technology white book 2011, the it industry had become an important economic sector, with an annual. Jun, 2014 vietnam plays a small role in global it services today, but it has big potential to contribute more in coming years. Fpt software on monday signed a fiveyear licensing agreement with a japanese company, enabling the use of its rpa platform akabot to develop an innovative staffing solution for the client while the contract amount was not disclosed, fpt software s chief delivery officer do van khac confirmed that it was the most valuable licensing agreement fpt software ever obtained. The japan external trade organization jetro said more than 10 vietnamese software and it companies have made major inroads into the japanese market in recent years. Overview of vietnam software industry in recent years. Since 2020 1 since 2019 3 since 2018 7 since 2017 8 since 2016 9 since 2015 10 since 2014 since 20 14 since 2012 16 since 2009 18. The vietnam textile industry is expected to grow at a cagr of 10. Although india has been forever known as the outsourcing location, the indian market is reaching saturation point leading companies to look at other southeast asian countries like vietnam.

The vietnam it software and services association has the mission to create the nations new and powerful industry the software industry, to promote the patriotic traditions, to foster learning, to create and work hard for the nation, making vietnam the software valley of the world, contributing to the success of its members and prosperity. Mar 20, 2020 the national average salary for a software engineer is. The major factors driving the growth of the market are growing textile exports to eu, the united states, japan, and south korea and low labor costs in the industry. Viet hung nguyen, managing director at kms technology delivered a talk named kms story and how vietnam to export software outsourcing services or build software products to the world on march 7, 20 to the indochina cio. The government is developing hightech parks and is also offering several incentives to further the industry. Vietnam s burgeoning tech industry includes software development companies of all sizes working hard to prove vietnam is a worldclass hub of outsourcing providers. Monthly vat fillings should generally be submitted by the 20th of the month following the reporting period. Vietnam software outsourcing industry thanh bruce pham industry after more than 10 years of doing the software development outsourcing for japanese, vietnamese software firms believe they have accumulated enough experiences to handle more complicated with higher value contracts. Vietnam plays with the big boys on software outsourcing. Recommendations to develop vietnam software industry.

The average salary for a software engineer in viet nam is 15,484 visit payscale to research software engineer salaries by city, experience, skill, employer and more. Hire the best custom software development company in vietnam. Vietnams software industry is growing strongly with revenues of existing companies surging and vingroup announcing its entry into the sector. Vietnams software industry makes its mark in japan vietnam has surpassed china to become japans second biggest software outsourcing partner. Cnn rampant piracy harms vietnam software industry. In response to the cyberattack approaching vietnam, we are launching the highest quality cyber security business as a pioneer. Therefore, it should be necessary to investigate and consider the recent situation of the vietnam software industry. We are looking for colleagues to join as the core business members. 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. Ho chi minh city was ranked 16th and hanoi was ranked 23th in the global list of the top 100 outsourcing cities by tholons an advisory firm for global outsourcing and investments.

Vietnams it industry sees high growth rates, although. Sep 07, 2018 vietnams software industry is growing strongly with revenues of existing companies surging and vingroup announcing its entry into the sector. At least 5year sales experiences in software industry, 2. May 06, 2016 a report of the vietnam software association vinasa showed that the big problems of the worlds and domestic economies led to the decline in the growth of the vietnamese software industry in 20112015.

Vietnams it industry overview 2017 software development. In 2017, vietnam has jumped five places to rank sixth in global software outsourcing industry according to the global services location index gsli released by management consulting firm a. Tax incentives for foreign investment in vietnam vietnam. Vietnam software industry sees robust growth vitex vietnam. Whats status of vietnams software industry after two. After more than 10 years of doing the software development outsourcing for japanese, vietnamese software firms. In addition to outsourcing, fintech, blockchain or ai are now among notable trends of vietnam s it industry.

The growing capital inflow in vietnams it industry from private investors. Persol vietnam hiring sales executive software industry in. Vietnams tech industry strives to prove its a world. The situation of the vietnam software industry in recent years. Record growth in vietnamese it industry vietnam opengov asia. It industry in vietnam enjoying boom science technology. Fpt software is a global it services and outsourcing company headquartered in hanoi, vietnam. Windows applications, mobile apps factory, web development for the hightech industry. Vinasa viet nam association for software and it services are proud organizers of sao khue, the biggest award of vietnam software industry. Up until now, the main industry i n vietnam is food processing. Opportunities, challenges for vietnams software industry.

Vietnamese manufacturing company uses siemens digital. Vietnam s growing information technology it is seen driving recruitment demand and boost salaries for tech jobs, a recent survey found. Vietnam was widely known as a country of war and agriculture for long. The award has been conferred by the vietnam software association vinasa and has been a motivating factor for the vietnam bpo industry overall. The global economic slowdown in 201115 has had an impact on the vietnamese software industry. Nguyen ngoc hoa, deputy director of the department of industry and trade of ho chi minh city, said that surveys from enterprises showed the strength of the city compared to other provinces in the fields of production and development of software products and digital. Vietnam has been advancing toward s market economy since 1986. Ho chi minh city, vietnam kms technology, a provider of offshore product development services, announced that mr. In the period between 1994 and 2004, the contribution to the gdp by the service sector averaged about 6%. It is a subsidiary of fpt corporation, a multinational technology conglomerate. Sao khue award biggest award of vietnam software industry.

Vietnam erp for retailers market by component, application, deployment model, and retailer size. The enormity of the industry is a function of many of the trends discussed in this report. Why you should outsource your product to a vietnam. Mar 08, 2017 vietnam s software industry makes its mark in japan.

Top software development companies vietnam 2020 goodfirms. However, at the moment, this very country is continuously growing to be one of the most prominent countries in the software development industry, especially the outsourcing business. Foreign investors can currently choose between locations that are disadvantaged and those that are extremely disadvantaged. In the late 1990s, the software industry began to undergo a radical change. Economies, jobs, and personal lives are becoming more digital, more connected, and more automated. May 19, 2014 the award has been conferred by the vietnam software association vinasa and has been a motivating factor for the vietnam bpo industry overall. Investments in both locations benefit from preferential corporate income tax as well. Local software vendors account for 75% of the market, which is dominated by lowcost software products, according to the eu vietnam business network evbn. How to grow your business in vietnam orient software. A report of the vietnam software association vinasa showed that the big problems of the worlds and domestic economies led to the decline in the growth of the vietnamese software industry in 20112015. Industry mall vietnam product catalogue and online ordering system for digital industries and smart infrastructure. Vietnams it industry had developed in several areas, including the software industry, hardware industry, digital content industry, and it services. Vietnams plans for a digital economy, smart cities, and startups have helped the countrys it industry continue to record strong revenue growth the growing capital inflow in vietnams it industry from private investors, especially foreign ones, has been considered a golden opportunity for the industry to expand, an official press release has noted.

Vietnam s software industry is growing strongly with revenues of existing companies surging and vingroup announcing its entry into the sector. Quang trung software city the largest vietnamese software park. How long can vietnam s it industry thrive on lowcost labor. Vietnam ito conference 2019, with the main theme vietnam the emerged destination for innovation, was held on 2325 october in ho chi minh city, to create a complete picture of vietnam it industry with various activities, such as conference, panel discussion, exhibition, business matching, gala dinner, software park tour, etc. Vietnam software industry sees robust growth vnexpress. In recent years, vietnam has emerged as an attractive location for outsourcing. Vietnam has graduated from being considered an up and coming software outsourcing destination, but its not nearly as mature as many locations in e.

Filter by location to see software engineer salaries in your area. Vietnam has been advancing toward a market economy since 1986. Vietnam software industry sees robust growth tony bui march 5, 2019 april 17, 2019 vietnams software industry is growing strongly and vingroup announcing its entry into the sector. The power of vietnams software industry vietnamnet bridge vietnams software industry has high capability, great development potential, and a bright future, experts say. Apr 24, 2018 although india has been forever known as the outsourcing location, the indian market is reaching saturation point leading companies to look at other southeast asian countries like vietnam. The real basis for a software industry in vietnam is manpower. The power of vietnams software industry news vietnamnet. Vietnams software industry sees growth overseas vietnam. Vietnam jumped five places to sixth according to a. May 28, 2015 vietnam has graduated from being considered an up and coming software outsourcing destination, but its not nearly as mature as many locations in e.

Software outsourcing has gained traction over the last decade in vietnam. Quang trung software city in ho chi minh city, the countrys top information and technology hub, reported revenues of vnd3. The real basis for a software industry i n vietnam is manpower. Industrialization has progressed with a high rate of growth.

The business software alliance antipiracy group estimates current piracy levels in vietnam at 99 percent for each package bought. Vietnam s software industry makes its mark in japan. The education system in vietnam is excellent, with a focus on study in mathematics and technologies that support the it industry. The government of vietnam is implementing several programs to increase the production of rice, corn and tapioca, and enhance food processing technologies. Jun 19, 2018 the service industry in vietnam accounts for 38. Vietnams high demand for it professionals shoots up salaries. Vietnam consumer electronics market research reports. Vietnam provides two tiers of incentives to investment projects depending on the level of development and needs in the area. At a recent conference on assessing the investment and export situation of ho chi minh city, mr. Top 7 vietnam software development companies in 2020. Vietnam has reaped many successes in developing the software industry, but to expand the market of software products, it must pay more attention to. Many vietnamese it companies and policymakers want to develop the human capital.

Their campuses are all over the world from the united states to japan, europe, australia, vietnam and the asia pacific. Vietnam is notorious for its high level of software piracy. Despite its small size, the sector has seen growth in recent years. According to the vietnam software and it services association vinasa, the vietnamese it industry has seen a steady growth in the past few years. Thanks to rapidly improving telecommunications technology, it finally became possible to shift largescale it operations to lowcost countries, primarily in asia. Persol vietnam hiring sales executive software industry. Top offshore software development company in vietnam. Opportunities for vietnam software industry to go global. For many tech and business leaders, the first and only image of vietnam is the wartorn country from the 1960s. Vietnam plays a small role in global it services today, but it has big potential to contribute more in coming years. This ceremony allows software developers in vietnam to showcase some of their excellent innovations. Software outsourcing industry in vietnam saigon technology.

In addition, vietnam has been japans secondlargest partner in software and service outsourcing since 2014. Vietnam s software industry makes its mark in japan vietnam has surpassed china to become japans second biggest software outsourcing partner. Sde vietnam was named a siemens digital industries software smart expert in 2018. Kearney and has subsequently moving up jumping to the fifth place in the same a. Saigon technology, as a top software outsourcing company, we would like to share our knowledge about vietnam software outsourcing industry in this article. Vietnams tech industry strives to prove its a worldclass. A fastchanging world fueled by new technologies from the fourth industrial revolution has transformed vietnam s it sector tremendously, the latest report vietnam it landscape 2019 released by recruitment network topdev. Offshore product development, offshore web and app development. May 21, 2015 in the late 1990s, the software industry began to undergo a radical change. According to a survey by usbased software vendor bettercloud, 73. However, it still could maintain 1015 percent per annum growth rate the growth rate was 3040 percent in 20062010, 23 times higher than. At least 5year sales experiences in software industry. Tourism plays a significant role in the economy of vietnam and in 2012 the country received approximately 6. Notably, in the it industry, vietnam was ranked among top 10 countries in the asian pacific region in terms of offshore services.