However, the industry is still in its fledgling development stage, given the country’s relatively late adoption of the internet. Email: sales@inapps.net | info@inapps.net. This represents a significant opportunity to penetrate rural markets – rural internet connectivity is strong, and a majority of the population lives there. Post was not sent - check your email addresses! Within each programme, groups carry out work on behalf of techUK members. The government wants to develop one million IT workers by 2020. Right now, more than 25,000 technical engineers graduate from universities every year. This has partly been encouraged by the growth of Vietnam as a regional market for domestic enterprises and global technology vendors. IT companies are eligible for a corporate income tax exemption for up to four years, followed by a 50 percent tax reduction for up to nine years. A fast-changing 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 provides insights in the new seven trends of the sector. Most of blockchain products developed by Vietnam’s IT companies are made for global markets, including rising names such as OmniLabs, IBL, Lina, Nexttech, Umbala Network, among others. What now? including the most recent legal, tax and accounting changes that affect your business. Vietnam first achieved a “good” rating from Gartner back in 2010 when it was named one of the top 30 countries for offshore services. 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). The ongoing areas of work we are pursuing on behalf of the tech sector. Seen as a technology to address challenges involving transparency in a cyberworld dominated by anonymity, Vietnam with a strong contingent of diligent and capable IT engineers is considered one of the emerging Blockchain hubs in the region, stated the report. It’s no surprise that foreign investors from Japan, Singapore, South Korea, and Australia are showing interest. This website uses cookies to ensure you get the best experience. Note: Product cover images may vary from those shown. The growing capital inflow in Vietnam’s IT industry from private investors, especially foreign ones, has been considered a “golden opportunity” for the industry … Competitive labor cost has always been one of the main drivers of growth for the sector, drawing many foreign investors into Vietnam. In this evaluation, the readiness subindex of the Government of Vietnam was ranked 58th among 148 nations and especially the telecommunications and Internet costs of Vietnam was nearly the lowest in the world and ranked the 8th among 148 countries. Vietnam itself has surpassed China to become Japan’s second biggest, Though holding equal qualifications, employees in the sectors are taking lower pays than their peers from other Asian countries, said Nguyen Thu Giang, general secretary of, Network security and privacy issues for IoT. In this context, Vietnam IT has had steady development steps to continuously strengthen its position and role in the sectors such as politics, socio - economics, security - defense for further integration into the world. IT industry in Vietnam these days has witnessed a remarkable growth with a diversity of services, products and businesses. Competitive labor cost has always been one of the main drivers of growth for the sector, drawing many foreign investors into Vietnam. SaaS is currently the top trend in B2B Tech in many countries all over the world, but it still remains at early stage of development in Vietnam’s market, which provides a mix of long standing names such as Misa and new startups such as Base, Cloudjet, Vexere with new mindsets. Which area of technology are you interested in? Subsequently, this is followed by a 10 percent CIT rate (compared to the traditional 20 percent for a period of 15 years).
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