Why 2020 is the year for tech startups in Vietnam скачать в хорошем качестве

Why 2020 is the year for tech startups in Vietnam

Investment flows in and AI, fintech begin to flourish Vietnam’s burgeoning IT sector is showing no signs of slowing down and continues to generate strong revenue for local and foreign players alike. Hanoi and Ho Chi Minh City, in particular, have developed an extraordinary IT ecosystem and seeing a mushroom growth of startups. Meanwhile, there has been considerable growth in the influx of foreign investment as well. The southern province of Binh Doung has just recently licensed the Internet Service Supply Project of Japan’s NTT Group with a registered capital of US$171 million. In many ways, this demonstrates how much promise IT truly holds in the country. According to the e-Conomy Southeast Asia report of 2019, the growth rate of Vietnam’s internet economy is 40 per cent, making it a leader in this sector alongside Indonesia in Southeast Asia. It’s no secret that the nation’s IT industry is ripe with opportunities. However, one question that many investors and entrepreneurs alike would be asking is which of the subsectors has the highest potential of turning a big profit. So using the latest data, I have shortlisted four most lucrative niches of IT in Vietnam. Ecommerce Statista’s Digital Market Outlook (DMO) study states that nearly 50 million internet users in Vietnam bought consumer goods online in 2018. Although this data is from a year ago, recent stats are no different as the trend has shifted further towards eCommerce.