"Vietnam Information Technology Report Q4 2014" Published

From: Fast Market Research, Inc.
Published: Fri Oct 31 2014

We maintain a positive outlook for the Vietnamese IT market in the Q4 update, but we highlight increased downside risk from a tightening of domestic credit conditions in H214 as a result of a build up of bad debt. Credit markets could cause short term disruption but our forecast for robust medium term growth in Vietnamese IT spending remains in place, with a forecast for a compound annual growth rate ( CAGR ) of 12.6 % between 2014 and 2018 . We expect growth will be driven by rising incomes, enterprise modernisation and the policy environment put in place by the government. We also highlight larger opportunities in the retail market where penetration of devices and services remains below the level in neighbouring markets , which vendors will be able to tap as incomes rise. Meanwhile, Vietnam 's development as an outsourcing destination is a significant medium term factor , with the services segment expected to expand rapidly. T here is also increasing momentum towards Vietnam becoming a global centre for electronics production as wages rise in China and manufacturers look to protect margins by moving to Vietnam , where wages are as little as a third of those in China.

Full Report Details at
- http://www.fastmr.com/prod/888221_vietnam_information_technology_report_q4_2014.aspx?afid=301

Headline Expenditure Projections

* Computer Hardware Sales: VND38.9trn in 2014 to VND58.3trn in 2018, CAGR of +11.3% in local currency terms. Rising incomes and declining device prices, along with PC subsidy schemes, will support demand growth across all three main device categories over the medium term.
* Software Sales: VND10.1trn in 2014 to VND17.9trn in 2018, CAGR of +16.1% in local currency terms. There are considerable opportunities in business software and security solutions for vendors willing to accept narrow margins in a price-sensitive market.
* IT Services Sales: VND14.2trn in 2013 to VND25.1trn in 2018, CAGR of +15.1% in local currency terms. Domestic demand for services remains weak, but we expect adoption to increase markedly as...

The Vietnam Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Vietnam Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Vietnam.

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Contact Name: Bill Thompson
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