Essential Things About Vietnamese Software Translation Services
The digital transformation wave exploded under the pressure of the Covid-19 pandemic making the global software market increase in 2020. Vietnamese software market, too. Many local and foreign businesses are positively investing in the Vietnam software market to enhance their presence as well as gain more profit.
If your business might want to take a market share, you need to know about Vietnamese software translation services for communicating and improving engagement with clients
1. The Vietnamese software market is rising
Young population with high IT academic
The main advantage of outsourcing to Vietnam is the young generation. About 70% of Vietnam’s population is under the age of 35 in which there are 30 million people between the ages of 15 and 35. It means that about half of the population is healthy enough to join the labor force. Especially, Vietnam also has a literacy rate of 97%, which means that most of the population that is ready to work is also educated.
The study showed Vietnam has 280,000 university or college graduates every year. Of these students, there are 30,000 to 40,000 graduates in the field of Information and Communication technology.
Vietnam Software Outsourcing – Technical skills
Therefore, Vietnamese software translation services are not only necessary for businesses but also for students who might be exposed to new knowledge. Professional language providers students software e-learning translation, book translation, or document translation from Vietnamese to other languages, and vice versa.
Vietnamese software translation services will be a further step toward making dreams come true for students which help them open opportunities to expose themselves to foreign environments. Therefore, Vietnamese software engineers are able to compete with global ones and push the economy of Vietnam.
Stable politics and laws
Vietnam has no political instability. It has had a stable political environment over the past 30 years with the same ruling party. It has led to a steadily growing economy and technology.
In 2020, the Prime Minister signed Decision No. 2205/QD-TTg approving the Intellectual Property Development Program led by the Ministry of Science and Technology. The main goal is to utilize intellectual property as an important tool to improve national competitiveness, create a sustainable environment for innovation, and promote economic, cultural, and social development.
Furthermore, Vietnam has accepted the cybersecurity law to help global clients to be protected. It can be seen the country has shown its effort to protect technology businesses and their clients, hence Vietnamese software translation services can help both participants understand and communicate with ease.
Foreign investment
In resonance with the high IT education of the young population and stable politics, Vietnam has become an attractive market for foreign investors who are setting up businesses in the country. FDI plays a crucial role in the Vietnamese economy, accounting for a large share of all investments. FDI disbursement last year rose 13.5% to $22.4 billion.
For example, Synopsys, a U.S.-based chip design software maker, is set to invest in and shift its engineer training to Vietnam. Meanwhile, M-Security Technology Pte Ltd, a subsidiary of multi-national company M.Tech Singapore, is distributing many security software products for US-backed IT Blue Coat Group in Vietnam.
With this in mind, Vietnamese software translation services are a common choice for the U.S. market and international businesses. With professional translators, clients can be offered multiple services such as gaming, e-commerce, and security software translation.
Low cost
The cost of hiring a developer in Vietnam is lower when compares to the U.S. market. The main purpose of software processing is to reduce costs and the major software outsourcing service company has been India, the cost should also be compared to the cost of an Indian developer.
A Vietnamese developer costs 30% lower than an Indian developer. Therefore, Vietnam not only has a better percentage of literate people than most other developing countries, but the cost of outsourcing here is also lower than in those countries.
2. The benefit of Vietnamese software translation services
Reach a broader target market
In line with the growth in the software market, the demand for Vietnamese software translation is increasing which help the business reach more target audience in various nations.
For example, FPT, a Vietnamese-based software outsourcing producer, has 3,000 customers in 26 countries and territories, including the U.S., Japan, Germany, the UK, Spain, etc. Among customers using the software are world-famous names like Panasonic, Mizuho (Japan), HSBC (UK), ABB (Sweden), ThinkPower (U.S.), and Schaeffler (Germany).
Especially, In Japan, FPT Software is present in 14 cities, in the US 10 cities, in Australia two cities, and in 26 countries on four continents, from North America, Europe, Asia, Australia to Latin America. In the FPT case, Vietnamese software translation services play important to help businesses communicate with international clients. For large size company, translation is the way to connect the world and expand market share.
Higher Revenue
Vietnam’s software revenue has grown 180 times in the past two decades. of which software export revenues reached over US$ 3.7 billion.
Continuing with the FPT software company example, the total value of contracts FPT Software signed reached $1 billion in 2022. This means the plan of $1 billion in 2023 sales is only equal to the total value of contracts signed in 2022.
The expansion strategy helped FPT earn huge revenue and become a trusted partner by American and Japanese customers. To be successful in earning higher revenue, translating from Vietnamese to other languages such as English, Japanese, or German, etc., is an essential part of the localization in the target country.
Vietnamese software translation services agencies have also contributed the critical step to help businesses in a short time. With a professional native translation team, the clients are able to save time, money, and complications by directly discussing with project managers to have a proper strategy.
Improve customer satisfaction
Vietnamese software translation services are one of the ways to provide your customers with a personalized experience, leading to increased brand loyalty. People normally prefer services that they can customize, especially in their native language.
For example, when your company develops gaming software, it will be more successful and please customers if they are across language barriers. The whole customer experience is what makes customers come bank, even though the alternative may offer comparable benefits. If you want to retain customers, there is no choice better than software translation services.
Furthermore, before making a purchase decision, consumers usually gather information by reading reviews or feedback. Translating your software feedback into various languages might be a wise solution to stand out from the competition.
3. GTE Localize provides the best Vietnamese software translation services
Vietnamese software translation services are indispensable to partnering with an international company that can support you overcome all challenges and complete your task fast and effectively.
If you are looking for professional Vietnamese software translation services, GTE Localize will be the top-notch choice for you. We are a comprehensive Vietnamese software translation services agency that only delivers high-quality services for all sizes of businesses. At every stage of the software localization process, we can assist you in problem-solving and mitigate redundancies to ensure that your launch goes successfully and on schedule.
At every stage of the software localization process, we can assist you in problem-solving and mitigate redundancies to ensure that your launch goes successfully and on schedule.
We are happy to give you a free 300-word test and a free consultation for any Vietnamese software translation projects.
To find our essential localization tips for SMEs, you may download our free white paper now.
