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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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