This IDC study aims to review the ICT spending trends as well as the forecast for the Vietnam ICT market in 2011–2016. It reviews the status and development trends of ICT in Vietnam in 2011. It also presents a five-year forecast with key market insights and assumptions that are likely to have a strong impact on ICT Vietnam market growth in 2011–2016.
"The impact of macroeconomics in 2011 has stifled business growth in 2012. Moving forward, IDC believes that the country policy makers will introduce aggressive market reforms and policy adoption, as well as restructure its growth strategy, which will set the economy on the road to a quick recovery. As an emerging country, investments in ICT and infrastructure will play a strong role in driving the transformation of Vietnam's economy over the next five years. Vietnam's ICT market in 2011–2016 is estimated to reach a compound annual growth rate (CAGR) of 20.9%. This will be primarily driven by the development of mobility, social network, mobile services, mobile applications, and IT services," says Khuong Ha, associate market analyst, IDC Vietnam.
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