Vietnam's IT Sector: 5 Industries to Watch - Vietnam Briefing News

As Vietnam moves from low-tech manufacturing to a service-oriented economy, the country's information technology (IT) market is increasingly gaining traction, giving competition to IT firms in China and India. This has partly been encouraged by the growth of Vietnam as a regional market for domestic enterprises and global technology vendors. As Vietnam adopts Industry 4.0 across all industries, investors should consider the benefits of locating their IT business to the country. Most of the industry is foreign-invested, with multinationals funding projects to build electronic components in the country. At least 86 percent of total IT revenues in 2017 were derived from hardware.