“Vietnam Information Technology Profile” added to ReportBuyer.com
The Vietnamese IT industry's average revenue growth during 2001-2009 marked 20%-25% per year. By end of 2010 revenues of the software industry and digital content industry reached USD 2 billion.
Summary of Report -
The Vietnamese IT industry's average revenue growth during 2001-2009 marked 20%-25% per year. By end of 2010 revenues of the software industry and digital content industry reached USD 2 billion. The hardware industry's revenue scored USD 5.6 billion in 2010. That would be a substantial contribution since Vietnam's GDP was estimated at USD 104.6 billion in the same year. It is estimated that the total IT industry revenue in 2011 as much as USD 8.5 billion with a potential to grow at 18%-22% until 2015.
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 one important driving force for economic development, reducing poverty and improving people's living standards. IT helps bring Vietnam gradually catch up with developed countries around the world. The development of Vietnam's IT industry is diversely in several sub-fields such as 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 of strategic and creative directions.
GDP AND IT INDUSTRY GROWTH IN VIETNAM
(Growth rate in percentage) 2003 2004 2005 2006 2007 2008 2009 2010 2011(e)
IT Industry 28.8 33.3 20.9 22.6 22.1 21.7 18.1 23.7 11.4
GDP 7.3 7.8 8.4 8.2 8.5 6.3 5.3 6.8 5.8
Source: NNMT ADVISOR
This 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 have big picture about the industry by understanding what others have recognized about it via international ranking in particular areas. Take, for an example, we can better understand the status of e-Government in Vietnam later on when we, at the beginning, realize where it is against other its counterparts in the region and in the world.
Audiences then can enjoy a comprehensive SWOT analysis for the Vietnamese IT industry. At this level of abstract, we have moved a further step to touch on some key points about the industry and subsectors. Keep that in mind, audience will benefit more by further investigating the regulatory aspect in the next chapter. We shall better understand about the policies applied in the industry, both fundamental and promotion ones. We can investigate the national strategy of Vietnam on ICT development. To move on we can build our understandings about industry stakeholders, especially the regulator and professional associations. We will have opportunities to review on what are going on in reality and which technology advances and IT applications have been being used in Vietnam. We, step by step, address the issues such as E-Government, digitized systems and applications, IT parks, and communications infrastructure and the Internet in Vietnam. We see what are going on in reality out there.
Accumulating the foundations in previous chapters, one can further review one or all single components of the Vietnamese IT industry: hardware, software, and digital contents in many perspectives:
At the end of the day, one can find the answer for the question: Is a 90-million-population Vietnam a market or an IT global center of production and development?
Vietnam Information Technology Profile: , is available at:
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