TECH SUPPLIER May 2019 - Market Presentation - Doc # AP44705619

2H18 Country Report on IT Services — Vietnam

By: Khuong Ha

On-line Presentation

Abstract

This IDC Presentation provides a detailed analysis of the market and competitive landscape in IT services in Vietnam from July to December 2018 (2H18). It covers the market size movements and growth trends in each of the macromarkets (i.e., project-oriented services, managed services, and support services) as well as the key industries such as finance, manufacturing and resources, public sector, distribution and services, and infrastructure. The report also provides a market and vendor analysis of 3rd Platform technologies as the key market drivers. The competitive analysis section includes key strategies and activities of global and local IT services providers in the market.

The data and insights within this presentation are part of the "Asia/Pacific Semiannual Services Tracker" research, which covers 14 foundation markets across 14 Asia/Pacific countries.

In 2018, the Vietnamese economy grew well, recording GDP growth of 7.08%. Foreign direct investment (FDI) in Vietnam continues to be a driver of Vietnam’s economy, achieving 9.1% growth to reach US$19.1 billion in 2018. The trade war between the United States and China is an opportunity for Vietnam to attract higher foreign investment into its manufacturing sector, which contributes one of the largest shares to Vietnam’s FDI inflow.

Supported by a healthy economy, a good level of investment was poured into the development of 4G technology and the formulation of a digital strategy. In addition, IT services spending was driven by the deployment of new core networks, core banking, ERP, and security systems. In 2H18, spending on private cloud was driven by the government, banking, and telecommunications sectors.

The telecommunications sector continues to be the bright spot for IT services spending, driven by large-scale projects such as the Metro Area Network (MAN-E), internet infrastructure development, and enhanced security protection. In addition, IT services spending of the government sector in 2H18 grew significantly due to investment in upgrades of the IT infrastructure of national systems such as taxation, finance, custom, and egovernment.

FPT performed strongly with large-scale ERP system and hardware deployment deals from the banking and government sectors. CT-IN and DTS also performed well this cycle, driven by large-scale deals in markets such as network consulting & integration, systems integration, and hardware deployment from clients in the telecommunications and government sectors. In addition, Infosys and Deloitte are also thriving in Vietnam due to large contract wins from the banking and manufacturing sectors for core banking and ERP system deployment.


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