Friday, 07 July 2017 06:00

    Vietnamese software firms consider Japan as the major market

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    The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms, but Vietnamese firms always have to struggle to penetrate the lucrative market. According to Vinasa (Vietnam Software and IT Service Association), up to 80 percent of Vietnamese firms consider Japan as the core market when doing the outsourcing for foreign partners. Of these, only five percent of businesses has been exploiting the Japanese market, 20 percent of businesses consider Japan as the main market, and 55 percent consider Japan as one of their main markets.

    The survey conducted by Vinasa shows that though all the businesses consider Japan as a choosy market, 50 percent of them still affirm that they can find the business opportunities on the market, while 25 percent say they can absolutely satisfy the demands of the market.

    A representative of the Vietnam Technology Solution Company (Techno) said that the company chooses Japan as the top priority partner. Therefore, besides providing software outsourcing services for Japanese partners in Vietnam, Techno is also striving to export the labor force, i.e sending engineers to Japan.

    Meanwhile, the representative of HKDA said that though the company only began approaching the Japanese market in mid 2009, the turnover from the software outsourcing service for the Japanese market now accounts for more than 30 percent of the total turnover of the company.

    Nevertheless, Vietnamese software firms have admitted that they still cannot fully exploit the opportunities of the Japanese big market.

    According to Tran Tuan Nam, Deputy Director of NCS Joint Stock Company, in the period of 2005-2009, the software outsourcing growth rate for the Japanese market reached 70-80 percent, much higher than the average growth rate of the software industry at 30-40 percent. However, the growth rate has been slowed down significantly in 2010 and 2011, when the Japanese economy borne the big impacts of the global economic crisis.

    Read 71 times Last modified on Friday, 07 July 2017 10:56

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