Vietnam has been selected to host ASOCIO, the trade organization of 10,000 mostly-Asian information and communication technology companies based in 29 countries. The event, scheduled in Hanoi for late October, is emblematic of Vietnam’s meteoric rise in technology.
The first time Vietnam hosted the annual convention, 11 years ago, the industry barely existed in the country. In 2003, less than 5% of Vietnamese people had access to the Internet.
Since then, Internet usage has grown to 35%, and Vietnam’s hardware and software industries are experiencing annual growth rates in the 30% to 40% range.
ASOCIO says the organization chose Vietnam because of its rapidly rising capacity and prestige in information and communications technology — and cited Vietnam’s vision, policies and strategies. Vietnam is positioning itself to become a major global tech center.