COUNTRY FOCUS : VIETNAM
The answers may lie in building a dedicated delivery team or a captive delivery center ( under your ownership ) in a collaborative partnership . Not only could the risks be mitigated with a more cost-effective model and a highly-skilled talent pool but there is also a shared responsibility for business operations and continuity .
This approach returns the bandwidth that companies may have lost during COVID , giving businesses the freedom to refocus on their core activities such as the development of products and strategy .
Could AI and the next IT services powerhouse come out of Vietnam ?
Vietnam is a rising digital nation . With 70 % of the population under 35 , Vietnam is seen by many big international companies as a new opportunity to be the next key service delivery location and / or captive centers . Its digital economy is the second-fastestgrowing market in Southeast Asia , according to a recent report by Google , Temasek and the US-based global management consultancy Bain .
The challenge it faces is a need to grow the digital workforce by an additional 190,000 IT engineers by the end of 2021 .
The government has also shown its commitment to reinventing the country . The National Program for Digital Transformation , aims to grow the digital economy to 30 % of GDP , deploy universal fiber and 5G , build 100,000 digital businesses and employ 1.5 million people in the digital workforce by 2030 .
Vietnam is listed in the top five most attractive destinations for IT outsourcing ( according to AT Kearney , 2019 ) while Gartner considers Vietnam as the Tier 1 Emerging Offshore Outsourcing location in APAC . Vietnam also ranks number nine in Top 10 Digital Nation ( According to Tholons ).
Vietnam tackled this digital fluency challenge head on . A foundation of the attractive talent market in Vietnam is its robust , digitally oriented education system . Currently , Vietnam has 236 universities , 149 of which are training IT professionals , delivering more than 50,000 IT engineers to the workforce annually .
Vietnam thoroughly embraced this shift and emerged stronger in the pandemic economy by virtue of its ambition , vision and willingness to pivot quickly .
Vietnam continues to promote business reform and cultivate digitally fluent talent ; it is poised as a rising star in the global services market . The country is full of young , talented people and a culture that promotes innovation , and it is quickly becoming a hub of technology expertise .
While the barriers continue to be Western perceptions and lack of mindshare among global executives , today ’ s executives seek multiple levers to pull to find ample talent . Vietnam is building on a solid foundation to be a viable option for enterprises to leverage for years to come . The digitally-enabled future for Vietnam is just beginning – and it is looking very bright .
FPT brings Vietnam Digital Transformation services to Europe
FPT has demonstrated it has an unswerving focus on technology that accelerates the process of Digital Transformation . Over the last few years , it has concentrated on the core technologies that are driving transformation such as AI , Big Data , Blockchain , RPA and IoT .
It is also on track to build a comprehensive ecosystem of world-class software to transform businesses all around the world . In Europe , it currently works with RWE , E . ON , Allianz , Siemens , Schaeffler , Airbus on its Digital Transformation program and projects requiring emerging technology capabilities ( Data Platform , IoT , cloud and automation ). p
This lands Vietnam on the list of the top 10 nations in the world for the highest number of IT students . FPT already established an AI center in Quy Nhon City , and it partnered with the world ’ s leading AI research institute , Mila , making FPT the first Southeast Asian corporation to be a strategic Mila affiliate . With these moves , FPT aims to turn Quy Nhon into Vietnam ’ s AI valley .
www . intelligentcio . com INTELLIGENTCIO APAC 51