VietNamNet Bridge – In the past, Vietnamese technology firms
simply did the outsourcing for foreign companies to earn their living.
Nowadays, they make heavy investments in the research and development
(R&D).
The Vietnamese products with the international stature
Timbox, a social network app has
been well-known among Vietnamese young people, which allows people to connect each
other’s and share voice conversation, share vivid images and messages. This is
an app developed by a group of Vietnamese experts which attended the TechCrunch
Disrupt – a forum that gathers talents who start up their business with
technology products from all around the world.
According to CNC, the developer
of Timbox app, Adeline Tang, Director of SingTel Group said TimBox is really a
potential product in South East Asia, while having suggested that the two sides
should discuss further about that for mutual cooperation and development.
Another expert, Alex Orloff, from
Flurry, also noted that TimBox deserves to be a “Facebook killer” in Vietnam
and South East Asia.
Tosy, a Vietnamese technology toy
and robot manufacturer has made the name “Vietnam” better known in the world’s
technology market when it brought DiscoRobo and SketRobo products to the 109th
US International Toy Exhibition held in New York in February 2012 and got three
awards there.
DiscoRobo, a robot which can
dance with music, has caught the high attention from the US consumers. The
product was recognized by Popular Science Magazine as the best product at the
2012 toy exhibition in New York.
As for SketRobo, the product got
the “Space Age Award” and was chosen by Mashable as one of the 12 products
which make users feel they want to their childhood.
A lot of difficulties ahead for technology start-up businessman
Analysts have every reason to
believe to say that the movement of young people starting up business with
technology products has been growing in Vietnam. However, they have also said
that too many difficulties await the young people.
Hoang Anh Viet, Chief Information
Officer of TIC (Becamex Technology Innovation Center) which has been supporting
a lot of start-up groups in Vietnam, has noted that a lot of Vietnamese still
have not prepared well in terms of knowledge and experiences when starting up
business.
In many cases, they simply copy
existing foreign business models, believing that if the models can develop in
foreign countries, they would also succeed in Vietnam.
Some programmers believe that
using some existing programming tools would be enough to create good enough
products. In principle, one should take full advantage of the existing
products, but they also need to optimize the systems in order to use the
technologies in the most effective way and create high quality products.
The bright future
Professor Vo Van Toi, a
well-known Tufts University’s Professor has returned to Vietnam, now working at
the Biomedical Engineering Faculty of the HCM City National University, where
he and his students are trying to create made-in-Vietnam high technology medical
tools.
A lot of the products invented by
the group, including the blood glucose meter integrated into smart phones, and
the system allowing to keep watch over patients from a distance, have been
recognized as having high quality, which are in no way inferior to the same
products made by big groups in the world.
The initial achievements showed
that Vietnam has the capability to create high technology products with high
level of intelligence, competitive in the globe.
NCDT
Business & Investment Opportunities
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