For New Zealand, Vietnam is a land of opportunity. This is a country of 94 million people, mostly young, and possessing significant technological talent. A market that is growing at 6 per cent, and has barely scratched the surface of its potential.
A strong labor force is among the top reasons that Fortune 500 technology corporations brought their outsourcing operations to Vietnam. The country is in a period of “demographic bonus”, when the labor force participation rate (population aged 15 – 64) is over 50%. With a young, dynamic, and well educated workforce, Vietnam is becoming a new outsourcing powerhouse of the technology world.
KPMG 2015: Workforce – the key reason to outsource to Vietnam
While Android and iOS top the charts in the mobile app-building business, other native application-building operating systems like Blackberry, Windows and others are also making stringent efforts get their markets up. On the other side, there are constant innovations and predictions regarding new methodologies that come into the market. HTML5 is one of the most powerful and feature-rich tools to develop mobile as well as web applications.
Vietnam now has seven IT development zones: Saigon Hi-Tech Park, Saigon Software Park, Quang Trung Software Park, Hanoi IT Trading Center, Da Nang ICT Infrastructure Development Center, National University of Ho Chi Minh City’s IT Park and Can Tho University Software Center.
TMA Blog - IT Parks in Vietnam: Present and Future