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ECONOMYINDUSTRY

Vietnam top 53 IT firms see revenue of US$16 billion in 2017

Updated at Tuesday, 18 Sep 2018, 08:59
The Hanoitimes - Most of the IT firms on the list focus not only on business performances, but also on investing in new technologies and taking part on digital transformation.
Vietnam's 53 leading IT companies in 2018 have total revenue of VND374.43 trillion (US$16.06 billion) and employ nearly 93,000, according to Vietnam Software and IT Services Association (VINASA), which compiled the list.
 
Illustrative photo.
Illustrative photo.
These companies have been maintaining high annual growth rate in recent years, and are considered to have major impact on the development trend of the Vietnam IT market. They include military-run Viettel Group, FPT, MISA, CMC, and VNG, among others, local media reported.

Mai Liem Truc, former deputy minister of Information and Communications, said that there have been breakthroughs in many applications developed on the platform of the Fourth Industrial Revolution by local enterprises. 

Truc anticipated that there will be more Vietnamese IT joining the Fourth Industrial Revolution and taking the Vietnam's IT industry to the next level. 

According to VINASA, in addition to criteria such as personnel, market and customer base, technology, products, revenue and corporate governance, the organizers want to find companies adopting achievements of the Fourth Industrial Revolution through new products and solutions applying artificial intelligence - AI, Internet of Things - IoT, Big Data, blockchain in resolving socio-economic issues. 

Most of the IT firms on the list focus not only on business performances, but also on investing in new technologies and taking part on digital transformation. 

For example, FPT is developing program to operate self-driving car and has provided services to some major car manufactures in Japan and Europe. Additionally, Viettel has adopted new technologies in projects related to e-government, education, agriculture and smart city. Recently, VNG also established a test center for IoT and AI applications. 

Nevertheless, VINASA has expressed concern over the lack of qualified personnel for the Fourth Industrial Revolution, especially when Vietnam is pushing for digital transformation. 
Ngoc Mai
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