Tuesday, 21 May 2019

Turnover of IT sector skyrocketed by over 1,000 times after 15 years

Updated at Tuesday, 24 Apr 2018, 09:33
The Hanoitimes - The information technology (IT) industry has grown sharply in the past 15 years, helping its turnover skyrocket from some US$62 million in 2003 to $3.05 billion in 2016, according to the Vietnam Software and IT Services Association (VINASA).
The number of the industry’s IT technicians has also accelerated from some 5,000 in 2003 to more than 200,000 in 2016, VINASA said during an event to present the Sao Khue Awards held recently.
IT technicians surged from some 5,000 in 2003 to more than 200,000 in 2016
IT technicians surged from some 5,000 in 2003 to more than 200,000 in 2016
Software and IT products and solutions have been widely applied in all economic sectors, contributing to the development and change of the way of life of each person and the whole society, it said.
According to Truong Gia Binh, President of VINASA, Vietnamese IT enterprises have made great efforts to focus on digital conversion strategy and develop high quality products and services according to new technology trends, which have met the needs of not only Vietnamese market but also international markets, especially in key outlets of Japan, North America and European Union.
At the event, VINASA presented the Sao Khue Awards to 73 IT solutions and services and software products.
Addressing the event, Deputy Minister of Information and Communications Nguyen Minh Hong praised the role played by VINASA and IT enterprises nationwide for the development of the country’s IT sector. 
Sao Khue 2018 received 103 nominations from 80 organizations and enterprises, of which 51 software products and 22 IT services were awarded. 
This year’s award gave priority to IT products, research related to solutions and services and application of new technology trends, including artificial intelligence, Internet of Things, Big Data, Robotic Process Automation, Blockchain and Virtual Reality, which are hoped to promote the digital conversion process in enterprises and organizations.
The top 10 Sao Khue awards were presented to the most excellent products and services from Bank for Investment and Development of Vietnam, FPT Software, ISOFH Company, ITSOL Company, TIMA Group, Viettel Network Technologies Centre, Vietnam Posts and Telecommunications Group, Viettel Telecom and Information Technology Solution Centre and VTC Telecommunications JSC. 
VINASA Chairman Binh said that the Sao Khue Awards would continue to be innovated, aiming to encourage IT firms to give their best and promote innovation, focusing on digital conversion strategy and developing high-quality services and products, thus serving Vietnam’s economic development as well as the demand in international markets. 
In addition to big names in the IT sector, Sao Khue awards this year saw many newcomers.
According to Tran Van Ba, deputy director of Huong Viet Group, which won the award in the education and training sector for its cloud learning system (CLS) in human resources training in businesses, applying technology in education, has been necessary, especially in the wave of the Fourth Industrial Revolution.
“Up to 90 per cent of 500,000 Vietnamese firms do not have an internal training system. CLS can help businesses reduce 75 per cent of education fee, 95 per cent of classes and 100 per cent of travel and accommodation costs,” Ba said.
Initiated in 2003, the award aims to honor high-quality and effective IT products and services in the domestic market, which can also make inroads into international markets, contributing to promoting IT application and development in Vietnam in recent years. 
The organizing board has so far honored more than 800 outstanding software and IT products and services. 
Phuong Thao
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