Vietnam Information Technology Q1 2020
The core scenario is sustained and robust growth in IT spending in Vietnam, with the majority of the increases inspending to occur in the software and services segments as the level of IT utilisation in the private and public sector increases. Thistrend will be driven by the country's economic development and regional competitive pressures that will demand investments intoproductivity enhancing solutions, which shift in the sector composition of economic activity will also contribute to higher levels of ITspending. The risk profile is strong for a frontier market, but there is downside in the relationship with China, both politically in theform of maritime disputes, and economically if trade and industrial policy disputes between the US and China spillover and disruptregional supply chains.
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