Vietnamese tech firms earn big from foreign markets

Vietnamese tech firms generated massive revenues last year thanks to ventures in international markets. Outside of telecom, Viettel’s foreign investment includes forays into the information security sector in Japan, Myanmar, Timor Leste, and Hong Kong. A Viettel representative said revenue from foreign markets soared 20.5 percent last year, on par with the company’s results for the past seven years. Vietnamese tech firm FTP also succeeded in the global market last year, with revenue from software exports surpassing $1 billion. Over half of FPTs revenue from foreign markets came from digital transformation services which focused primarily on Cloud computing, artificial intelligence, and data analysis.