Local Insight

Replay: Vietnam the new destination

vietnam the new destination_result
vietnam the new destination_result
Key Points

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Key Discussion Points Summary

  • Vietnam as an IT Destination: It was emphasized that Vietnam is becoming a key destination for Polish technology companies aiming for expansion in Asia. The country presents a robust opportunity for building sourcing teams and supporting Polish firms in delivering software and IT services.
  • Distribution Model in Vietnam: The panel discussed the prevalent distribution models in Vietnam, including the role of local agents and distributors. It was highlighted that distributors often buy goods from foreign suppliers to resell locally, and sometimes act as agents for high-value transactions.
  • Emerging Trends: Participants noted the increasing desire among Vietnamese distributors to form co-marketing agreements with international suppliers, particularly for high-value goods. This collaboration aims to stand out in Vietnam’s dynamic retail market through joint marketing and communication efforts.
  • IT Workforce in Vietnam: Vietnam’s IT workforce is highly regarded, ranking second after India for skilled IT professionals. The discussion covered salary expectations, noting that fresh IT engineers earn between $500 to $700 per month, while senior engineers can earn up to $5,000, and CTOs earn between $8,000 to $10,000.
  • Engagement and Queries: The session concluded by encouraging further engagement, inviting participants to submit additional questions via email and expressing eagerness to continue exploring market opportunities together in Vietnam. The panel thanked everyone for their participation and planned to hold subsequent webinars.

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