Foreign firms eye Vietnamese software market

Many large information and technology (IT) firms worldwide are planning to join the Vietnamese market by teaming up with domestic software companies, reports Vietnam News Agency (VNA).

By the end of June, France’s Dassault Systemes, a world leader in 3D and Product Lifecycle Management (PLM), and Vietnam’s IT giant FPT inked a memorandum of understanding (MoU) to deliver technological solutions on telecommunications and banking services.

Accordingly, FPT will become Dassault Systemes’ leading partner in Vietnam in the provision of business services.

Thanks to this partnership, the two sides will also set up a modern technological centre in the telecoms sector. The centre will provide services for Vietnam’s first and other countries in Southeast Asia and Asia-Pacific later.

HP Group of the United States has put into operation a software centre in Ho Chi Minh City with a total investment capital of US$18 billion.

Other foreign firms are also conducting surveys and seeking partners in Vietnam.

Steinar Evensen, Managing General Director of Conexus, a software developer and product licence seller in Norway, said his company is prepared to implement its business plan and aims to turn Vietnam into a gateway to Asia.

If ten years ago Vietnam was absent from the world IT map, the country is now seen as a market holding significant potential by world IT powers such as Japan, the Republic of Korea and India.

In 2010, the IT sector earned about US$2 billion in revenues, a 40-fold increase against 2001, of which the software sector made up 50 percent.

Tags: Vietnam software market