Vietnamese software outsourcing companies have announced their first-quarter revenues rose by up to 34 percent compared to the same period of last year while an industry body says Vietnam is now among the world’s top ten software exporters.
Vietnam has outplayed India to become the second-largest software outsourcer in Japan, only behind China, and is now one of the world’s ten largest software exporters, according to the Vietnam Software and IT Services Association.
Only in the first three months, many local software companies received orders for the entire year and their 2014 revenues are expected to soar by up to 25 percent compared to a year earlier, the association said.
The Ho Chi Minh City unit of FPT Software, the country’s leading software outsourcing company, has said its annual revenue has expanded at a 30 percent rate over the last few years.
Tran Phuc Hong, managing director of TMA Solutions, another HCMC-based software firm, was quoted by newswire Saigon Times Online as saying that this year will be stable for the software outsourcing industry as most of the orders have been placed in the first quarter.
TMA Solutions reported a 20 percent year-on-year growth in the January – March period, and has so far signed contracts for the full year of 2014, Hong added.
More at http://tuoitrenews.vn/business/19104/vietnam-software-outsourcing-sector-grows-strongly-in-worlds-top-10
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