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  • ICT Opportunities for Norwegian companies

    Do you want to outsource or provide ICT solutions in Vietnam? We can help you to enter the market.

    THE ICT INDUSTRY WITH HIGH AMBITION
    Vietnam together with China and Indonesia are among the three fastest growing ICT countries in the Asia Pacific region, according to the International Telecommunication Union (ITU). The total revenue of the IT sector in 2013 was more than 39,5 billion US dollars, a tremendous growth rate of 55% compared with 2012.
     
    Vietnam has targeted to become a strong ICT country by 2020

    • ICT industry contributes 8-10% of GDP.
    • 1 million employees work in ICT industry.
    • In the list of Top Ten countries for software and digital content providers.

    To realize this ambition, the Vietnamese Government plans to mobilize 8.5 billion USD to develop information and communication technologies (ICT) during 2010-2020.

    SOFTWARE DEVELOPMENT - AN ATTRACTIVE LOCATION
    Vietnam is very competitive regarding software development.

    • The software and digital content services had positive growth in 2013 and the revenue was 2.77 billion USD.
    • Vietnam was ranked 101st in the ICT Development Index for 2013.
    • Vietnam scored 3.57 and ranked 14th among the resource and efficiency-driven economies on Connectivity Scorecard 2013 index, passed China and India.
    • Ho Chi Minh City ranked 17th and Hanoi ranked 22th of 2014 Tholons Top 100 Outsourcing Destinations 2014.

    TELECOMMUNICATION - A VAST POTENTIAL MARKET

    • By end of 2013, more than 33 million internet users and the broadband internet subscribers were 22 million, accounting for 37% and 25% of population repectively.
    • The active mobile subscribers were above 120 million and the revenue from mobile services in 2013 was above 5 billion USD.
    • 3G mobile users were about 19.7 million subscribers which is expected to create a huge opportunity for applications/services based on 3G platform. 4G LTE will be allowed to launch the service in 2015.
    • Mobifone, Vinafone and Viettel dominate the mobile telecom market. Mobifone is in proccess of transforming into a share holding company.

    BROADSCATING - THE WAVE OF CHANGES

    • Vietnam is converting TV analog system to digital broadcasting with target 100% households to be able to watch digital TV by 2020.
    • There are 33 cable TV service providers with big names are SCTV, VTVCab, VNPT, HTV-TMS and 03 satellite digital TV service providers, namely VSTV (K+), VTC and AVG.
    • 6.7 million pay TV subscribers with total revenue of pay TV service was 276 million USD in 2013, a growth rate of 38% compared to 2012.

    WHY VIETNAM?

    • Strong Government supports for ICT industry with favourable investment conditions such as tax incentives, training & education, building advanced IT parks, simplifying the administration procedure, etc.
    • A large talent pool of young ICT resources in a country with near 90 million people where 65% is less than 35 years old.
    • Competitive labour cost. The average wage for software development is 5,000 USD/person/year and digital content is 5,300 USD/person/year (2013).
    • Adaptability with international standards in software development such as ISO, CMMi, etc.
    • Flexibility in forms of cooperation, particularly for small scale projects.

    Significant foreign ICT investments

    • Intel has made an investment of 1 billion USD in Vietnam on the world biggest semi-conductor chipset facility. Intel Vietnam anticipates that 80% its CPUs would be manufactured in Vietnam in 2015.
    • Samsung increased its investment to 6.7 billion USD to build and expand its facilities in Vietnam for producing mobile phones, telecommunication equipment and electronics products.
    • Nokia/Microsoft relocates its production lines in China, Hungary and Mexico to Vietnam from 2014 for producing mobile phones.

    Norwegian ICT companies in Vietnam
    The last few years, we have seen increasing interests from Norway toward Vietnam.

    Norwegian ICT companies established in Vietnam include Roxar, Netpower/Restaff, Nera Telecommunication, Promatica AS Vietnam, Vianova System Vietnam Ltd, Destino, Eltek Vietnam, Conexus, Cutting Edge Asia Ltd, OutsourceIt International Vietnam Co. Ltd, Opera Software, ImageDesk and Contemi Vietnam.

    Other Norwegian companies having development projects in Vietnam include InBusiness, Trainor, Innovit, Advali, Rubrikk and More Software Solution.

    OPPORTUNITIES FOR NORWEGIAN ICT COMPANIES

    • Develop software with competitive prices and flexibility in cooperation.
    • Provide applications/services/content on mobile and/or broadband platforms to the Vietnamese market particularly for entertainment and media.
    • Deliver software applications/services for education, healthcare, maritime, oil & gas sectors, E-government projects, etc. in Vietnam.
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    INNOVASJON NORGE

    Innovasjon Norge har kontor i:
    Hanoi




    Den Norske ambassaden i Hanoi

    Vietnam er et attraktivt marked i Øst-Asia grunnet politisk stabilitet, geografisk plassering og demografi. Markedsmulighetene i dag er primært innen akvakultur, sjømatprosessering, ingrediensindustri, «functional food», fiskeri og ny & fornybar energi; det er også muligheter innen olje og gass, maritim og IKT. Utviklingen innen «smarte byer» og helsesektoren vil i løpet av få år også gi store markedsmuligheter.

    Landet har hatt en sterk økonomisk vekst grunnet økonomisk reform og en voksende populasjon på 96 millioner. Middelklassen har vokst sterkest i sentrale områder rundt de store byene og gir gode framtidsutsikter for konsumentmarkedet i landet. BNP økningen har vært gjennomsnittlig 6,5 % de siste 20 årene, og er nå 6,9 %. De siste årene har Vietnam utviklet seg til å bli en viktig produksjonsnasjon relatert til elektronikk, tekstiler og sko og mekanisk produksjon. Grunnet ca. 40 % lavere lønnsnivå enn Kina, er landet stadig mer interessant for utenlandske investeringer og har i 2018 registrert mer enn 30 milliarder USD i FDI.

    Vietnam har hatt en svak bedring i landets korrupsjonsnivå på Transparency Internationals korrupsjonsindeks. Det er fortsatt sikrere og enklere å inngå kontrakter med private selskaper enn statseide selskaper og myndigheter, ikke minst for å redusere mulighetene for korrupsjon.

    Innovasjon Norge anbefaler bedrifter å sette seg inn i håndboken i antikorrupsjon "Beskytt din virksomhet" og utvikle egnede interne etiske retningslinjer og antikorrupsjonsprogram.