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Print 11 comment(s) - last by deeznuts.. on Apr 17 at 1:38 PM
Cities like Ho Chi Minh City are trying to become mini versions of Silicon Valley

Japan, China, Korea and Taiwan are known to be tech savvy countries, but a new country is making its move -- Vietnam.  Although Vietnam has a long and hard road to try and catch up to the likes of other Asian powerhouse countries, workers from the nation want readers to be on the lookout.  Ho Chi Minh City now has around 100 software companies that have at least 50 employees.  In 2002, there were only around 7,000 employees in the software industry, with the number now up to around 32,000.

Some Vietnamese workers that live and train in Silicon Valley are now heading home to Vietnam to start businesses and further train natives with emerging technologies.  Vietnamese software engineers can earn between $3,500 and $13,000, which is significantly less than the $7,000 to $30,000 that engineers make in India, according to the article.  In comparison, engineers here in Silicon Valley can make $79,000 to $125,000.  According to the San Jose Mercury News

"I believe in the potential of this country,'' said Thinh Nguyen, founder of Pyramid Software Development, which is headquartered in Milpitas but employs nearly all of its 70 engineers in Vietnam. He expects his 5-year-old company to double its revenue this year to more than $1 million, become profitable for the first time and expand to as many as 200 employees. "Look at the vibrancy of this city -- everyone is so entrepreneurial. The culture is similar to Taiwan, China.''

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Up and coming tech country
By Fl3a on 4/17/2006 10:22:57 AM , Rating: 2
I was in Vietnam earlier this year. It really is expanding quickly and changed dramatically from the country I visited 10 years ago. Intel plans on building a fab plant in 2008. Lots of commerce is happening. Real estate in the business district is almost as expensive as western real estate. It will be a few more years until Vietnam can compete with other nations in the tech sector, but with the heavy financing from the government, it should happen relatively quickly.
And yes, Vietnam is still communist, but so is China and isn't a limiting factor in it's commercial expansion.




RE: Up and coming tech country
By TxT on 4/17/2006 12:42:17 PM , Rating: 2
Lets also hope that they work on their corruption issues.


RE: Up and coming tech country
By toant103 on 4/17/2006 12:46:17 PM , Rating: 2
heL! yeah, espscially the freaking airport worker. I don't want to pay $20 so the people won't harrass me when coming in the country. If you don't pay, they will give you a hard time, like make you wait, telling you your paper is wrong......


RE: Up and coming tech country
By deeznuts on 4/17/2006 1:37:57 PM , Rating: 2
Why not? Just think of it as a tip, albeit one you give before you receive the service. I don't mind giving them the money, because not only do they not harass you, you get sped through the lines really really fast if you tip them. $10 at the passport inspection area, and $10 at the exit where they look at your luggage is not too much to ask, especially if you are bringing in stuff you need to declare but actually dont ...


LOL
By kaoken on 4/17/2006 12:45:16 AM , Rating: 2
Being vietnamese this brought a smile to my face, but after checking the article, vietnam has a long ways to go before they can compete with the likes of the rest of asia.




ditto..
By somasaint on 4/17/2006 2:00:10 AM , Rating: 2
i agree; reading about the growth of a tech savvy
culture in the homeland gives me one of those
warm smirks..

i would love to go home one day and be able to
see a blend of glitzy tech co.s sprinkled about
the natural surrounding..

vietech hoooooooooooooooo~!


Although I am not Vietnamese
By PandaBear on 4/17/2006 2:53:57 AM , Rating: 2
This is still good because then we will bring economy and stability to the area, as well as the continuous supply of cheap (hopefully high quality) stuff.




Outsourcing
By DigitalFreak on 4/17/2006 12:50:54 PM , Rating: 2
So will India start outsourcing to Vietnam?




Sounds great
By deeznuts on 4/17/2006 1:38:42 PM , Rating: 2
Sounds great, but I don't want it to grow too fast ... I like the cheap vacations!




ah yes
By headbox on 4/17/06, Rating: 0
Vietnam?
By PT2006 on 4/17/06, Rating: 0
"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)









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