Software sector to see rapid growth

The software industry this year is expecting growth of roughly 30 per cent – as it achieved in the 2005-08 period – according to industry insiders.

Pham Tan Cong, general secretary of the Viet Nam Software Association, said if the world’s economy did not rebound as expected, Viet Nam’s software industry could expect growth of roughly 20 per cent. That would result in a Vietnamese GDP growth rate of around 6.5 per cent.

However, Ngo Hung Phuong, general director of the CSC Viet Nam, said software giants were confident the global IT sector would fully rebound this year.

FPT Software has set itself a growth target of 20 per cent for this year thanks to the recovery of the American and Australian markets. Run Systems on the other hand is targeting growth of 30-40 per cent.

Nguyen Ich Vinh, Tinh Van Outsourcing Co deputy director, said last year local software outsourcing firms should have focused on training staff, adding that this year would open up new business opportunities for companies that had planned for the future.

Domestic software firms believe Japan is still the best export market.

Nguyen Lam Phuong, deputy general director of FPT Software, said that his company’s main turnover this year would come from Japan.

Meanwhile, Vinasa’s Cong said domestic software firms should focus on enlarging their market share in Japan.

Viet Nam currently has roughly 150 software companies, 19 of which are joint ventures.

Tags: Vietnam Information technology, Vietnam IT, Vietnam IT markets, Vietnam Software sector