President of the Vietnam Information Technology Outsourcing Alliance (VNITO) Lam Nguyen Hai Long said the IT outsourcing industry is growing in Vietnam, especially in HCM City.
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The city earns nearly one billion USD per year from exporting IT services, he noted.
According to the global real estate adviser Cushman & Wakefield, Vietnam was ranked first in the world’s business process outsourcing (BPO) in 2016.
The US Gartner’s research and advisory company ranked Vietnam first among the six leading destination in global technological transfer in Asia-Pacific in 2016.
The latest research from the KPMG service firm showed that Quang Trung Software City in HCM City was ranked third in eight technological parks in terms of land occupancy rate, incentives, and telecom infrastructure and ranked fourth in scale, efficiency and operation of businesses, FDI attraction, and human resources skills.
CEO and President of LogiGear Corp Hung Nguyen suggested increasing capacity for youngsters and investing in research and development activities, as well as reform technologies to increase competitiveness.
The IT service export conference 2017 is scheduled to take place in HCM City on October 19-20 with the participation of over 150 multinational groups and 250 domestic IT businesses to promote Vietnam’s potential in the field and connect domestic and foreign companies.
Boosting cooperation between Vietnam and India in the garment and textile sector will be one of the priorities in efforts to raise bilateral trade value to US$ 15 billion by 2020, said Parvathaneni Harish, Indian Ambassador to Vietnam.
Vietnamese shares rose on both the northern and southern local exchanges on July 16 as more cash was poured into the banking sector.
According to the Vietnam Leather, Footwear and Handbag Association (Lefaso), the country’s leather industry is enjoying good chances to benefit from the shift of orders from China as a result of the tendency of moving to the production of high-tech goods.