@wetechsoftware Is Vietnam a software powerhouse yet? | WeTech Software. #Trending #VietnamSoftware #southeastasiatech #globaltech #technews #innovationhub #digitaltransformation #startupecosystem #techgrowth #emergingmarket #futureofwork
The truth is — not quite. But we’re on track to become Southeast Asia’s leading software export hub!
First: Human Resources and Cost Advantages
60% of the population is under 35. Vietnam produces 50,000 IT engineers annually! Developer salaries range from $750 to $1,500 — 20–40% lower than in Malaysia, yet skilled enough for AI and Big Data!
Second: Impressive Growth
Revenue hit $148 billion in 2022 — that’s 300x growth in just 20 years! Outsourcing contracts surged by 150% in 2024. Google, Microsoft, and IBM are flocking to Vietnam!
Third: Policy and Geopolitical Opportunities
Strong government support through Resolution 57 and massive tax incentives. Plus, US-China tensions are creating golden opportunities for Vietnam!
Fourth: Real Challenges
But there are real hurdles — a shortage of 200,000 IT workers and a focus still too heavily on outsourcing rather than innovation.
Still, there’s hope.
FPT’s new AI Factory, backed by NVIDIA’s $100M investment, is a positive signal. Vietnam is on the path — but it’ll take time and consistent effort.
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