There will be a wave of investment in Vietnamese IT

After Intel, there will be many large IT (IT) corporations in the world investing in Vietnam, Mr. Than Trong Phuc, General Director of Intel Vietnam and Indochina predicted.

Intel is a newly licensed corporation to invest in the construction of a semiconductor chip assembly and testing factory in Ho Chi Minh City's High-Tech Park (SHTP).

Mr. Phuc said: ' Intel's investment in Vietnam has resonated in the IT community in the world. Intel's factory project has generated strong attention and has specific impacts on the business strategy of other multinational IT companies in Vietnam ' market .

Under the investment license, in phase 1, Intel will invest US $ 300 million in a complete wafer terminal (ATM) factory. As expected, the factory went into operation in late 2008.

Mr. Phuc said: ' In the trend of market expansion, multinational companies in the IT sector will find places to meet the needs of strategy and orientation. Looking at an overview in the Asian market, IT is growing strongly at two key points of China and India. However, in order to reduce risks and find new markets, most multinational companies share the same formula: ' China + India + 1 '.

'Intel's recent investment decision in Vietnam could be a good opportunity for Vietnam to take the No. 1 position alongside China and India ,' Phuc said.

According to Mr. Phuc, there are many reasons for Vietnam to become a new attraction for IT multinational companies. Vietnam has a fast and stable developing economy, strategic geographical position, low labor costs, young human resources and good market development.

In order to carefully prepare for the upcoming IT investment wave, Mr. Phuc said that Vietnam needs to train and develop more quickly the Internet infrastructure, expand the legal environment related to the issues of technology investment and development. Besides, Vietnam needs to train human resources to meet the increasing demand of the market.

Besides, according to Mr. Phuc, Vietnam needs to ensure a good infrastructure such as stable cost, favorable legal basis, open financial environment. Besides, the Government needs to focus on encouraging the venture capital sector. This is the basis for the training and development of gray matter 'made in Vietnam' for the IT industry.

'Vietnam already has a good seedling but needs a good source of water to nurture that tree,' Phuc said.

Meanwhile, Mr. Christophe Desriac, General Director of Microsoft Vietnam, said: ' With 82 million people and the IT development capacity of youth, Vietnam is a potential market for Microsoft. Therefore, the senior leaders of Microsoft are always interested in cooperation programs with Vietnam aiming to help narrow the digital gap globally under the initiative of Microsoft Corporation President Bill Gates '.

Mr. Desriac predicts' in the future, there will be some big firms in the world opening assembly and testing factories in Vietnam. This is a great opportunity for us to approach high-tech production in the IT field. '

Desriac said: ' Vietnam can become one of the fastest IT development countries in the region. The coming years are a very important time for Vietnam in the development of the IT industry . '

According to Mr. Desriac, compared to some countries in the region, Vietnam's investment environment is quite safe in terms of security. This is an opportunity for Vietnam to attract more investment in high technology.

'Vietnam's accession to the World Trade Organization (WTO) in the coming time will have a positive impact on the development of Vietnam's IT and communication industry. Once a member of the WTO, foreign investors will feel more secure about the investment and business environment in Vietnam. This is like an international market for investment, ensuring long-term development cooperation with partners in Vietnam, 'Desriac said.

Meanwhile, Mr. Subra Venkatakrishnan, Software Director of IBM Vietnam, said Vietnam is an emerging market, with GDP growth rate of 7-8% / year, ranking second in Asia. after China. Vietnam has a young and dynamic workforce, a stable society and strong support in the IT sector of the Government.

At the 5th ASEAN Minister of Telecommunications and Information Technology (TELMIN-5) held in Hanoi in September 2005, Deputy Prime Minister Nguyen Tan Dung affirmed to Vietnam, IT development and transmission. Information is considered one of the leading policies in the development strategy and is one of the key factors to strive to implement poverty reduction.

According to the Deputy Prime Minister, the Government of Vietnam identified IT and communication as one of the most important drivers of development. Application and development of IT and communication contribute to promoting innovation, rapid development and modernization of economic sectors, enhancing the competitiveness of enterprises, effectively supporting the process of ownership. international economic integration, improving the quality of people's lives, ensuring security and defense and successfully implementing the industrialization and modernization cause.

However, according to Venkatakrishnan, Vietnamese workers are inexperienced, especially in multicultural environments. IBM addresses this issue through the development of learning environments and career development programs.

IBM started operations in Vietnam from 1938 to 1975. In 1993, IBM began to return to Vietnam market and in 1996, IBM founded IBM Vietnam Company, focusing on information technology services. believe. In recent years, IBM's revenue in Vietnam has continued to grow at a rate of 30% per year, higher than the market average.

Update 12 December 2018