Vietnam: A fast-growing economy in the IT arena

The majority of excursions aim to be able to visit Asia one day, and of course, Vietnam is at the very top of their list. The country has gained the name of a traveler or backpacker paradise because of its low cost of living, astounding landscapes, welcoming people, and stunning ancient ruins.

An absolute must-see is the city of Hanoi. This dynamic and exhilarating urban center catches the attention of many because of its nightlife, boutiques, art galleries, lifestyle, and restaurants. The city is a blend of Asian traditions and architecture, with a European colonialism mark. Definitely a place worth visiting.

When we think about how hard it was for our ancestors to move around, how long it took and how uncertain everything was, we realize how easy it is nowadays to communicate and get to places with very few things to worry about. You can easily meet the requirements to travel abroad now with handy digital tools to prepare everything before you embark on your upcoming adventure. We suggest you check out a reliable platform to get all this done from the comfort of where you’re at, **iVisa**.  After reviewing their customers’ testimonials, allow their team of experts to guide you throughout the process. They will provide all the details you need to know before parting with Vietnam.

Through their platform, you’ll be able to learn more about the [Vietnam eVisa] and how to begin your application process without any effort through their simplified method. Following three simple steps, you will be able to apply by replying to a few basic questions. The cherry on top of the frosting is that, besides getting your **Vietnam eVisa** online, they can [review your digital photo] without having to look for a professional photographer. It’s a useful instrument to have in hand when organizing your travels anywhere you want to go, so be sure to check it out.

Once you are finished with the paperwork and ready to travel to Vietnam, we advise you to visit the numerous sites, restaurants, beauty spas, and all sorts of things available around Vietnam. Its low cost is worth every penny.

Few know that Vietnam is the most active economy in the Southeast Asian region. The reason behind all this economic growth is the young population that keeps this wheel turning. Yes, the young ones because 60% of the population is under 35. What interests experts in this subject is its importance in the rapidly evolving IT market. A growing GDP back in 2019 increased to 7.02% and almost 3% in 2020. Now 5% of GDP is represented by the IT industry. If you add to this that 94% of Vietnamese own a smartphone and at least 69 million people in the country have frequent internet access, you get an idea of the considerable potential that Vietnam has for years to come in the IT sector.

The country has integrated quite well into the fourth industrial revolution scenario, initially becoming the number one producer of electronic components. Due to all the reasons mentioned previously, the IT sector has shown unexpected rapid growth, placing the country in the second position on the continent for Human Resources with almost one million people in the IT industry. Every year more young people sum up to IT, and just in 2021, the main IT companies generated 86 Billion USD in revenue. In addition, the export of high-tech products generated 90 million in revenue.

The software sector has evolved and grown, making outsourcing today in Vietnam cheaper than in India or China. As a result, the country is becoming a giant in IT. Investments in Vietnamese startups reached up to USD 451 million in 2020, with renowned brands like Google, Microsoft, and Disney. Vietnam has third place in foreign investment in Asian countries, always centered on modernizing infrastructure and aiming to build smart and sustainable cities for the near future. Economic projections for 2025 state that Vietnam will become one of the fifty leading countries in the information sector.

As you can see, Vietnam offers much more than the usual tourist sites and ancient structures. Aside from that, Vietnam is quickly adapting to the rapidly evolving IT sector.

*This is a collaborative post.