Vietnam's IT Sector: 5 Industries to Watch

• Vietnam's information technology sector is experiencing high growth, driven by low costs and high-quality labor.
• Vietnam has now become the eighth largest provider of IT services globally.
• The IT industry is supported by the government with tax and labor incentives, further propelling its growth.

As Vietnam moves from low-tech manufacturing to a service-oriented economy, the country's information technology (IT) market is increasingly gaining traction, giving competition to IT firms in China and India. This has partly been encouraged by the growth of Vietnam as a regional market for domestic enterprises and global technology vendors.

As Vietnam adopts Industry 4.0 across all industries, investors should consider the benefits of locating their IT business to the country.