Int”l company forecasts 12 pct growth for Vietnam”s IT
Published: 10/02/2011 05:00
VietNamNet Bridge - Business Monitor International (BMI) forecasts that the Vietnamese information technology (IT) market is to grow at a compound annual growth rate (CAGR) of 12 percent over the 2011-2015 period. In the freshly-issued “Vietnam Information Technology Report Q1 2011″, the BMI, a leading, independent provider of proprietary data, analysis, ratings, rankings and forecasts, projected that the addressable domestic market for IT products and services is to reach US$3.3 billion by 2015. According to the BMI, factors such as growing PC penetration, economic growth, a range of government ICT initiatives and ambitious plans to grow Vietnam’s IT industry will help to underpin market progress. The report wrote: “An ambitious government IT plan for 2010-2020 should shape many segments of the Vietnamese IT market, while Vietnam ’s improving information and communication technology (ICT) infrastructure will also drive growth. Vietnam ’s gradual integration into global trade networks such as the Association of Southeast Asian Nations (ASEAN) and the World Trade Organisation (WTO) has helped to bring down prices and increase opportunities for importers.” It added that in November 2010, the government pledged to invest $8.5 billion over the next ten years in the ICT sector. Meanwhile, the government’s campaign to attract more foreign IT companies to invest in Vietnam received a boost with the announcement by American multinational company Hewlett-Packard (HP) that it would set up a wholly-owned firm in Vietnam in early 2011. The government hopes to attract $5 billion of foreign investment into the IT industry by 2015. According to the BMI, the Vietnamese PC market will be more competitive with multinational brands dominating the market, with HP the top-selling PC brand in 2009, ahead of Acer, and other multinational PC vendors including Dell, Toshiba and Asus having enjoyed strong recent growth in the booming market. Meanwhile, Vietnam has around 10,000 firms currently licensed to provide IT services, but only one-third are actually operating. The Ministry of Communication and Informations is currently developing a draft decree on policies to help the IT industry grow. Source: VNA |
Provide by Vietnam Travel
Int”l company forecasts 12 pct growth for Vietnam”s IT - Sci-Tech - News | vietnam travel company
You can see more
- WIPO supports Vietnam to develop national strategy on intellectual property
- Viettel deploys 4G nationwide
- Wind power in Vietnam: three problems may shrink investors back
- Online sellers & buyers swindle each other
- Vietnam’s first remote sensing satellite launched after delay
- Vietnamese big guys vie with one another to distribute “eaten Apple”
- Broadcasters provide services below cost prices to attract more subscribers
- Vietnamese companies try to make money with garbage
enews & updates
Sign up to receive breaking news as well as receive other site updates!
- This is a great way to allow guests to have a relaxed style of eating
- Selecting the ultimate pans and Asian woks for home kitchen
- 12 Days Cycling From Vietnam to Laos
- Why You Should Cycle To Cuc Phuong National Park?
- The places to come at night in Saigon
- Top 10 Must-see Sights In Hanoi, Vietnam
- The Most Wonderful Destinations In Sapa
- Best Cycling Tour Routes In Vietnam – One-of-a-kind Travel Experience
- Why should you join Ultimate Odyssey’s Hanoi countryside cycling tour?
- Cao Lầu – Hoi An style noodle with pork and greens
-
vietnam travel
http://www.vietnamtourism.org.vn " Vietnam Tourism: Vietnam Travel Guide, Culture, Travel, Entertainment, Guide, News, and...
-
Vietnam Tours
http://www.minmaxtravel.com/ " Customize & Book Vietnam tours, Cambodia tours and Laos tours with Travel Experts. Read...
-
Vietnam culture, culture travel
http://travel.org.vn " Vietnam culture
-
Halong Bay Vietnam
http://www.visithalongvietnam.com/ " Halong Bay Vietnam, visit halong vietnam, all cruise in Halong bay,
-
Vietnam travel, vietnam travel news, vietnam in photos
http://www.nccorp.vn " Vietnam travel, vietnam travel news, vietnam in photos
-
Vietnam tourism
http://www.vietnamtourism.org.vn " The official online information on culture, travel, entertainment, and including facts, maps,...