Dezan Shira & Associates facilitates Business Matching for Australian Tech Firms in Ho Chi Minh City
At the invitation of the Trade Representative of Global Victoria, the International Trade Office of the Australian State of Victoria, Dezan Shira & Associates Business Intelligence Manager Huyen Do and her team supported a trade mission of 15 export-ready technology companies eager to find a local partner. Firm from AI, big data, blockchain, fintech, InsurTech, enterprise tech, cloud computing, IoT, SaaS, and cybersecurity all joined the Technology and Innovation Trade Mission. Companies met up with local businesses to explore the Vietnam market as well as discussed various business entry opportunities.
As a professional compliance service provider with extensive experience over the whole market entry process, we know that firms need not only facts and figures provided through market research but also actual site visits in order to facilitate mature decision making.
The interest in Vietnam as a destination and hub for technological innovation is indeed rising for many reasons, which Huyen Do shared with the delegates.
Looking into some specific sectors, in recent years, Vietnam has recorded significant growth in data with the Vietnam Data Center Market reaching US$858 million in 2020. It is projected to grow at over 14.64% by 2026. Thus, many enterprises are now required to become data driven and to handle a vast amount of real-time data. Vietnam also ranks 6th out of 10 ASEAN member countries and 55th globally in the 2022 Government AI Readiness Index.
“The rising demands for analytical database solutions in the Vietnam market have generated the potential playground for not only local data and analytics service providers but also global ones. The Australian state of Victoria has a world-class digital technologies ecosystem that puts companies in a good position to compete for these growth opportunities”, Huyen Do says.
In the process of market entry, targeted Business Matching is key to make sure, that foreign investors have the opportunity to connect with Vietnamese firms and establish fruitful partnerships and Dezan Shira & Associates is proud to facilitate these fruitful business relationships.
For further resources on Vietnam’s investment environment, you can visit our website, Vietnam Briefing or our Vietnam Investor Portal, where you can find articles and resources such as:
- Corporate Cybersecurity Issues in Vietnam and How to Address Them
- Vietnam’s Personal Data Protection Decree: A Quick Guide
- What are the drivers for relocating a supply chain to Vietnam?
Find out more about our Business Intelligence solutions here or directly contact our team.