To Thi Thu Huong, deputy head of the information technology department under the Ministry of Information and Communications, speaks at the summit (Photo: Forbes Vietnam)HCM City (VNA) – Technology opens upnew development opportunities for startup businesses by translating their ideasinto products and services, experts said at the recent Tech Summit 2019 held inHo Chi Minh City.
With a population of more than 93 millionpeople, including many youngsters, Vietnam has the capacity to take advantageof new technology trends such as Internet of Things (IoT), ArtificialIntelligence (AI) and blockchain.
Besides the Governments’ macro policies to boostcorporate restructuring, entrepreneurial ideas will promote the financialecosystem and boost leverage for business development.
Vietnam is among the 10 most attractivecountries for software outsourcing in the region and the world, according to ToThi Thu Huong, deputy head of the information technology department under theMinistry of Information and Communications.
The country took top spot in the BusinessProcess Outsourcing (BOP) Index of the global real estate adviser Cushman &Wakefield in 2016.
It is home to nearly 50,000 businesses operatingin technology, a figure expected to increase to more than 100,000 in thefuture.
Lee Jae-woong, CEO of car-sharing app SoCar,described Vietnam as a future unicorn farm.
With a young population structure and a highrate of internet and smartphone users, Vietnam is able to set up and develop alot of unicorn startup companies, he said.-VNA
VNA
