Thursday, 17 October 2013

Vietnam Information Technology Report Q4 2013

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Vietnam Information Technology Report Q4 2013
Oct 16th 2013, 00:00

Price: $ 1295  

BMI View: Vietnam's IT market is forecast grow strongly for the duration of our forecast period to 2017. We forecast IT spending will increase by 17.6% in 2013 to reach a total value of VND62,082bn (US $2.97bn), and grow at a CAGR of 14.1% to 2017. Significant opportunities remain in the market due to relatively low penetration of devices and services, which vendors will be able to tap as incomes rise. The government is also a significant factor underpinning our bright outlook as it pursues a range of ICT initiatives and allocates funding to develop Vietnam's domestic IT industry. A key policy is the promotion of Vietnam as an outsourcing destination, with the services segment expected to expand rapidly over the medium term as enterprises, particularly in Japan, switch business away from China in ...

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