Vietnam ranks third after China and India for outsourcing IT and software services to Japan, accounting for 0.5 percent of Japan’s market share, according to Nguyen Doan Hung, vice-chairman of the Viet-Nhat (Vietnam-Japan) IT cooperation club.

“ Vietnam outsourcing IT and software services are expected to increase their market share in Japan by 10 times within five years,” Hung added.

Speaking at a seminar on Vietnam – Japan software and IT cooperation, co-hosted by VINASA, Ministry of Industry and Trade’s Department of Trade Promotion and Japan IT Association (JISA), Hung emphasised the endless opportunities for cooperation between Vietnam and Japan.
Annual growth of outsourcing IT and software services offered by Vietnamese software companies has doubled every year, according to JISA.

Many Vietnam software companies earn 100 percent of their revenue from Japan , while the largest Software Company here FPT earns 56 percent of its revenue from that country.

“To ensure the best quality of Japan outsourcing IT and software services, Vietnam businesses need to focus on labour costs, Japanese language, communication skills, education and cultural similarity,” Hung said. Five leading software companies currently operating, including FPT Software, CMC Integrated System, Vietnam Technical Solution, CP MISA and European Research Institute, have a total revenue of 491 billion VND (27.58 billion USD), 66 percent higher than 2007, according to HCM City Software Association./.