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Vietnam’s software industry looks to extend 2013 growth trend

Vietnam’s software industry looks to extend 2013 growth trend
The information technology industry, especially the software sector, developed strongly last year and promises to enjoy high growth in the coming years. Le Manh Ha, deputy chairman of the HCM City People's Committee, made the remark after visiting IT companies on Tuesday, with representatives of the city Department of
The information technology industry, especially the software sector, developed strongly last year and promises to enjoy high growth in the coming years. Le Manh Ha, deputy chairman of the HCM City People's Committee, made the remark after visiting IT companies on Tuesday, with representatives of the city Department of Information and Communication and the HCM City Computer Association.

"Most enterprises in the software and IT services industry achieved a growth rate of 30% or more last year," he said.

Hoang Minh Chau, a member of FPT Corporation's founding committee and FPT Myanmar chairman, said revenue at his company reached VND28.64 trillion (US$1.35 billion) last year, an increase of 13% over 2012.

Nguyen Thanh Lam, CEO of FPT Software, the country's largest software company, said the company's software exports were expected to increase by at least 30% this year.

Japan, its major market, had high import demand for software products, Lam said, adding that many Japanese firms had shifted their import orders from China to Viet Nam, offering a great opportunity for Vietnamese software exporters."Exports to the US and EU are also expected to remain good this year," he added.

Chu Tien Dung, chairman of the HCM City Computer Association, said the prestige and position of Vietnamese software companies were improving in the world market.

Regarding the domestic market, Dung said: "Chances are abundant, but challenges are great too." The country had not mapped out a comprehensive plan for IT products and services, he explained.

During the meeting with the city leader, enterprises also expressed their concerns about difficulties involving the import of IT equipment and lack of support to increase the use of cloud-based applications at enterprises and others.
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