February 26, 2024

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Vietnam initiative to boost ICT business ecosystem

The Vietnam Software and IT Services Association (VINASA) launched this year’s Vietnam Top 10 ICT Businesses programme, earlier this week. It aims to support the government’s goal to have 100,000 digital technology companies by 2030.

Launched in 2014, the top 10 Vietnam ICT businesses programme includes three main activities of voting for outstanding enterprises in the 17 ICT fields in Vietnam, developing a special three-language publication, and boosting connections between ICT businesses and potential international and domestic customers.

To date, the programme has selected and introduced 390 enterprises, with 20 publications in three languages (Vietnamese, English, Japanese). These have been sent to more than 2,000 domestic agencies and units. And more than 10,000 partners from over 100 countries and economies in the international cooperation network of VINASA.

This year’s event will select the ten best ICT companies in 17 categories, divided into three groups according to their working field, business model, digital transformation solution provision, technological ability, and competitiveness.

Candidate enterprises will be evaluated across seven criteria:

  • Financial indicators
  • Human resources
  • Products and services
  • Technology, research, and development capacity
  • Leadership and business management
  • Awards, titles, and recognised achievements
  • A special assessment for each sector

The evaluation process features three rounds – profile selection, presentation and verification, and final voting. Judges will comprise leading experts in technology, finance, corporate governance, e-commerce, start-ups, and media.

This year, the voting categories are expanded and will honour leading companies in new sectors – Fintech, Proptech, EdTech, and MedTech. The presentation round is scheduled from 15 April to 6 May. The announcement and award ceremony will take place on 13 July, before the Vietnam ICT Summit 2021.

In the last 5 years, the ICT industry has recorded the fastest growth rate, 26.1% per year on average. The industry has greatly contributed to the general national development and modernisation of Vietnam.

In 2020, the revenue of the ICT industry was US$120 billion, including US$6 billion from software development and digital content (two times higher than the one in 2015). The productivity and labour output values of this industry were also 3 to 10 times higher than those of others, reaching US$20,000 per person per year. The proportion of domestic contribution also accounted for 90%-95%.

The government has been creating several initiatives and events to support the ICT industry following the National Digital Transformation Programme, which was unveiled last June. In a recent interview, the Minister of Information and Communications (MIC) explained that when implementing digital transformation, it is necessary to calculate the value it brings. For example, labour savings, working hour savings, and recurrent cost savings. Long-term intangible values should be quantified as well. If the value created is higher than the cost, digital transformation is effective.

He added that digital transformation is not an incremental cost, but an added value. To avoid accidents that happened with the IT sector in the past, Vietnamese provinces should consider spending on digital transformation as an investment project.

Regarding employment, he said that digital transformation can positively support retraining and create tools and foundations for new jobs to be easier to learn and do. Digital transformation creates digital universities, and distance learning platforms make retraining easier.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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