UK newspaper upbeat about Vietnam’s digitally-enabled future

In his article published on the UK’s intelligentcio.com on October 12, Naidu said Vietnamese enterprise leaders are looking at all business and talent models to get what they need, especially where emerging technologies are concerned.

Vietnam thoroughly embraced this shift and emerged stronger in the pandemic economy by virtue of its ambition, vision and willingness to pivot quickly, he wrote.

The article said software outsourcing is set to explode in Vietnam as its standing grows as an IT development destination. In recent years, Vietnam’s IT industries have been moving up the value chain and offering more value-added work.

According to the author, FPT Software is investing in its intercontinental expansion, with Europe targeted as a first port for capital commitment in the value of 100 million USD. The software company established itself in the EU market and in the UK with its first global client more than 20 years ago. European growth was steady but its focus and trajectory took it into Japan and the US, where it now employs thousands of local and international experts and engineers, reaching revenues of hundreds of millions in USD annually.

The focus has now returned to the UK and Europe, where there is a high demand for digital transformation and innovation projects.

He said the challenge Vietnam faces is a need to grow the digital workforce by an additional 190,000 IT engineers by the end of 2021.

Vietnam tackled this digital fluency challenge head on. A foundation of the attractive talent market in Vietnam is its robust, digitally oriented education system. Currently, Vietnam has 236 universities, 149 of which are training IT professionals, delivering more than 50,000 IT engineers to the workforce annually. This lands Vietnam on the list of the top 10 nations in the world for the highest number of IT students.

The article stressed that as Vietnam continues to promote business reform and cultivate digitally fluent talent; it is poised as a rising star in the global services market.

Earlier, Vietnam ranked ninth in the top 10 digital nations by the US’s investment strategy consultant Tholons. In 2019, the world’s leading consulting agency AT Kearney listed Vietnam among the top five most attractive destinations for IT outsourcing while the US technological consulting and research agency Gartner considered Vietnam as the Tier 1 emerging offshore outsourcing location in the Asia-Pacific./.