Vietnam’s top IT companies reach over $16 billion in revenue

Vietnam’s top IT companies reach over  billion in revenueThe turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year’s top 50 IT firms and top ten companies with 4.0 technology capabilities.

There are 53 honorees in these two groups and their total turnover reached more than $16 billion, accounting for 35.5 per cent of the country’s total software, digital content and IT services revenues last year.

The top ten outstanding enterprises in digital transformation for industry 4.0 era include Deha Vietnam, FPT, Misa, Sao Bac Dau, Viettel, V-Next Software, Novaon, VNG, VNPay and Nash Tech.

This year, the association is looking to boost members’ technology capacity to incorporate new developments in artificial intelligence, Big Data and blockchain to “solve current problems in society.”

However, VINASA said that training and equipping human resources with knowledge and skills needed was “a big challenge” for the local technology sector.

According to a study by Cisco and Oxford Economics released at the World Economic Forum on ASEAN in Hanoi last week, Vietnam is among top three ASEAN countries that will face IT-related employment problems. Singapore would be the worst hit with 21 per cent, followed by Vietnam (13.8 per cent) and the Philippines (ten per cent).



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The turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year's top 50 IT firms and top ten companies with 4.0 technology capabilities. There are 53 honorees in these two groups and their total turnover reached more than $16 billion, accounting for 35.5 per cent of the country's total software, digital content and IT services revenues last year. The top ten outstanding enterprises in digital transformation for industry 4.0 era...

Vietnam’s top IT companies reach over  billion in revenueThe turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year’s top 50 IT firms and top ten companies with 4.0 technology capabilities.

There are 53 honorees in these two groups and their total turnover reached more than $16 billion, accounting for 35.5 per cent of the country’s total software, digital content and IT services revenues last year.

The top ten outstanding enterprises in digital transformation for industry 4.0 era include Deha Vietnam, FPT, Misa, Sao Bac Dau, Viettel, V-Next Software, Novaon, VNG, VNPay and Nash Tech.

This year, the association is looking to boost members’ technology capacity to incorporate new developments in artificial intelligence, Big Data and blockchain to “solve current problems in society.”

However, VINASA said that training and equipping human resources with knowledge and skills needed was “a big challenge” for the local technology sector.

According to a study by Cisco and Oxford Economics released at the World Economic Forum on ASEAN in Hanoi last week, Vietnam is among top three ASEAN countries that will face IT-related employment problems. Singapore would be the worst hit with 21 per cent, followed by Vietnam (13.8 per cent) and the Philippines (ten per cent).



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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