Thread: Asia-Pulse: VIETNAM'S IT SECTOR A NATURAL FOR FOREIGN INVESTMENT IN REGION

VIETNAM'S IT SECTOR A NATURAL FOR FOREIGN INVESTMENT IN REGION

Vietnam's information technology sector is on the fast-track with the development of the industry very likely to earn the country stronger IT-related investment flow.
In an article posted on AsiaTimes online on Nov.29, David Fullbrook referred to various evidence to prove that Vietnam will be soon looked at as a low-cost IT leader which is competitive as compared to other countries in the region.
A recent decision by the world famous chip maker, Intel, to boost its investment in Vietnam to US$1 billion and Japanese-based Canon's contribution of $1 billion to build a printer factory in Hanoi signal a rosy outlook for the country's IT sector, he said. More foreign businessmen are lining up to start operation in Vietnam .
"It's very likely that other firms will follow" as Intel's investment means they will bring along their supplier network, Dieter Ernst, a senior fellow at Hawaii's East-West Centre, was quoted as saying.
He added that besides Intel, more foreign companies such as Alcatel, Fujitsu and Siemens are increasingly sticking "Made in Vietnam" on their products, attributing to the good infrastructure, the available workforce, the low wages and the tremendous interest in IT in Vietnam.
Today, more than 13.7 million Vietnamese, or 16.5 per cent of the population, now regularly use the Internet. The country, moreover, boasts a large population that is "younger and more eager to learn" than the generations of many other countries.
Asia Times said if Intel's decision is a sign of the times, Vietnam is set to draw more IT-related investments that would previously have been destined for elsewhere in the region.
(VNA)

Good article. Vietnam is definitely the one to watch.

I really do worry for the future of Thailand.
Where is it heading?
While other countries in the region seem to be forward looking Thailand seems intent upon throwing away its position.
For me Thailand had the opportunity to become 'leader" of the Asean group of countries but instead Thailand prefers to sit back smugly believing falsely in its self declared superiority over others, believing that saying you are intelligent and handing out academic qualifications like confetti is the same as investing in education and failing to do anything to curtail the corruption that pervades the whole society.

When the time comes and China is in full control of the region, hopefully not in my lifetime, I can only see Thailand acting as a R and R location either that or the Chinese will turn the whole country into one great paddy fied

Thai's are in to stasis. Vietnamese, on the other hand, have the ability to deal with the future and have never deluded themselves into believing they are some master race. Being colonized brought them interesting architecture, good bread, great coffee and a superior outlook on life. If you want to make money, move to Vietnam. If you want to continue to live on the cheap in a country that disdains your presence, stay in Thailand. The current currency bubble is just that. Watch the Thai baht crumble compared to other SEA currencies over the next 18 months.

^
i diasagree with nothing you have posted there.
I don't drink coffee though

Originally Posted by Troubled

I don't drink coffee though

Perhaps its time to start. Tastes great, good for the heart, full of antioxidants and flavinoids. Plus, it keeps you from nodding off at inappropriate times.

Vietnam seems to have a smart technical labour force & has strong forward vision. Thailand seems to have walked into the quicksand - it is being overtaken rather quickly.

The principle of hard, diligent work leading to profit has eluded the current 'get rich without hard work' Thai mentality. I do not advise foreign companies to invest in Thailand without first investigating Thailand's neighbours.

Originally Posted by Anonymous Coward

Originally Posted by Troubled

I don't drink coffee though

Perhaps its time to start. Tastes great, good for the heart, full of antioxidants and flavinoids. Plus, it keeps you from nodding off at inappropriate times.

No i am sorry i will now have to take issue with you. " tastes great" please.

Give me tea anytime

Originally Posted by Anonymous Coward

Vietnamese, on the other hand, have the ability to deal with the future

You must live/move in different circles to where I was.
Most of everything I read here about Thailand seems totally applicable to Vietnam. Seems the Bhudist culture lives for today and only believe what they want to believe.
About 7 years ago there were many foriegn companies setting up shop. After about 2 years many had moved on.