Vietnam's software industry has not developed strongly enough to match vast potential mainly due to issues relating to investment policies, local newspaper Vietnam News reported Thursday.
Most of local companies focus their investment in hardware, not software, while the state has not poured sufficient investment into developing information technology infrastructure.
According to local information technology experts, the state should draw up policies that will encourage the use of software products, especially locally-made ones in projects, while setting up software quality evaluation centers.
The state should also plan to develop broadband media infrastructure to meet increased demand of not only local software companies but also foreign ones that enter into joint ventures with domestic firms.
Vietnam has some 7,000 administrative agencies, 6,000 state-run organizations and 260,0000 private companies. The information technology application rate in business stands at 86.5 percent and the local software market has annually fetched 240 million U.S. dollars in recent years, the newspaper quoted Nguyen Trong Duong, vice head of the Department of Industry and Information Technology under the country's Ministry of Information and Communication, as saying.
Latest figures released by the ministry show that Vietnam has around 750 software companies, 150 of which are involved in software exports.
Source: Xinhua
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