Want to be in the loop?
subscribe to
our notification
Business News
SOFTWARE FIRMS SEE GREAT POTENTIAL IN HOME MARKET
The IT application index in HCM City is better than Hanoi, in all the general indices, hardware, software and internet.
A survey conducted by the Hanoi Information and Communication Department in 2015 showed that even in Hanoi, a fast growing city, the achievements in IT application by 117,000 small and medium enterprises also remain modest.
It is estimated that businesses reserve 0.15-0.3 percent of their total revenue only for IT application.
About 50 percent of businesses use devices to store data, including removable hard drive or disc. However, most of them store information staff’s client computers and not in one area. Seventy percent of businesses don’t have IT staff.
The IT application index in HCM City is better than Hanoi, in all the general indices, hardware, software and internet. However, the efficiency remains unsatisfactory.
“Most businesses just pay attention to accounting software,” said Tran Viet Tien, director Gia Long Company. However, in Tien’s eyes, this means that there are still many opportunities for software firms in the domestic market.
According to Nguyen Tuan Anh from TTSOFT, a firm specializing in business administration and accounting software, Vietnam now has all necessary conditions to develop IT application in businesses, including modern infrastructure, low fees, the state’s administration reform, especially in tax payment and customs procedures, a large e-payment network, and the popularity of smartphones and development of computing services.
“The changes in the behavior and quality of information transmission has led to changes in the demand for administration software,” he explained.
“Vietnamese businesses have quickly adapted to new technologies. Being aware of the IT benefits, they tend to spend more money on management software,” he commented.
Khoa Hoc & Phat Trien, a website of the Ministry of Science & Technology, reported that Vietnamese technology firms now hold advantages in providing sales technologies to Vietnamese small- and medium-sized enterprises.
Tens of firms now provide solutions to manage sales, namely Citigo, Suno, Ecount, Sapo, Nhanh and May ban hang.
According to Vu Nguyen Thuy Van from Citigo, there are three factors that determine success and failure of a sales management software product: convenience, suitability and competitive prices.
Meanwhile, the solutions provided by Vietnamese firms can satisfy all the requirements.
Nguyen Manh Tuong, business director of GetFly, specializing in business administration solutions, also thinks that Vietnam’s sales management solutions are in no way inferior to that in the world, especially the CRM (customer relationship management) products for small and tiny businesses.
The 2014 report of Garner showed that Vietnam ranked in the top 10 in Asia Pacific and top 30 worldwide in software outsourcing.
Source: VIR
Related News
TEE OFF & STAY AT HOIANA SHORES GOLF CLUB
Unlock exclusive golf and stay privileges reserved for member cardholders. Experience award-winning links golf, premium hospitality, and coastal relaxation with specially curated rates available for a limited time. Booking Period: 15 June – 30 September 2026. All supporting documents and payment details will be provided upon booking confirmation.
HCMC TARGETS 181,000 NEW SOCIAL HOUSING UNITS BY 2030
HCMC plans to build more than 181,000 social housing units between 2026 and 2030, after completing nearly 17,900 units over the past five years, city officials said. Le Duc Anh, deputy head of the Housing and Real Estate Market Management Division under the city’s Department of Construction, said at a socio-economic press briefing in HCMC on June 4 that the city was stepping up efforts to expand social housing supply.
INDUSTRIAL OUTPUT POSTS STRONGEST FIVE-MONTH GROWTH IN FOUR YEARS
Industrial production rose 9.1% in the first five months of 2026 from a year earlier, marking the strongest growth for the period in four years, according to the National Statistics Office under the Ministry of Finance. The index of industrial production (IIP) increased in all 34 provinces and centrally governed cities during the January-May period.
OUTSTANDING GREEN LOANS REACH VND828 TRILLION IN 2017-2025
Outstanding green loans in Vietnam have reached VND828 trillion, with 82 credit institutions now extending financing to environmentally sustainable projects. Growing at an average annual rate of more than 20% between 2017 and 2025, green credit has emerged as a key driver for mobilizing and allocating resources to support the country’s green transition and sustainable economic development.
AROUND VND33.6 TRILLION RAISED FROM G-BONDS IN MAY
The State Treasury raised VND33.63 trillion from Government bond (G-bond) auctions in May, completing 72% of its second quarter issuance plan and nearly one-third of its annual target. According to data released by the Hanoi Stock Exchange (HNX) on June 4, the exchange organized a total of 17 G-bond auctions on behalf of the State Treasury during May.
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
























