Software outsourcing posts high growth The local software outsourcing industry has posted strong growth this year, contradictory to the slackened performance of local hardware makers and retailers, an industry source said.
“The software outsourcing industry’s sales might register growth of up to 20-30% year-on-year this year,” said Chu Tien Dung, chairman of the HCMC Computer Association. Software outsourcing companies received many orders from partners in One of the reasons behind the software outsourcing market’s stability is that Japanese firms have shifted from FPT Software, the country’s biggest software outsourcing enterprise, informed it has secured regular contracts from Japanese partners since the beginning of the year. FPT software is looking to recruit over 500 more information technology engineers this year to realize big outsourcing contracts from Similarly, several other big software outsourcing firms like TMA Solutions, Global CyberSoft, LogiGear, KMS Technology and VietSoftware also recorded better business performance in January-June as compared to last year. Despite its recovery, the local software outsourcing industry is still confronted with imminent problems, with difficulties in developing new markets identified as one of such challenges. One more problem faced by market players is financial constraints. Without big fixed assets such as machinery or factories like entities in other sectors, software companies find it hard to gain access to loans for operational development. Furthermore, numerous software outsourcing enterprises are short of highly-skilled people to ensure the quality as well as the deadlines of outsourcing contracts. The software and digital content services industry posted total revenue of US$2.3 billion last year, with the software sector contributing over US$1.17 billion, the Ministry of Information and Communications reports. Source: SGT |
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