GLOBAL SPOTLIGHT SILICON VALLEY IN HANOI |
Posted: March 29, 2017 |
A Look Inside Hanoi’s Emerging Data Center and Technical Industry
Forty-one years after hostilities ended and the country became unified, Vietnam’s steady economic expansion is predicted to grow at nearly seven percent this year, making it one of the fastest-growing markets in the world. With nearly 94 million inhabitants, sixty percent of which are under the median age of 30 years old, the country is increasingly defined by a tech-savvy population of young coders, engineers, entrepreneurs, and students driving economic growth and technological innovation. Not long ago, Vietnam played host to hardly any IT companies, but today there are close to 14,000 IT businesses, spanning hardware, software and digital content. Today, Google ranks Vietnam among their top 10 global growth markets and 40 percent of all apps on Microsoft’s App Store are engineered in Vietnam. Where Flappy Bird First Took Flight Hanoi, the capital city, is taking the lead in developing the country’s knowledge-based economy — stepping up its investments in IT, automation, biotech and advanced materials — to position itself as the Silicon Valley of Southeast Asia. While global tech firms, including LG Electronics, Panasonic, Intel and Toshiba, have long had manufacturing facilities in Vietnam, Hanoi is now emerging as the focal point of a technology startup ecosystem. View original source...
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