15 Oct
Online dating apps in Vietnam • a BC finding!

Overview on online dating apps

Although the very first computer-based dating service was created in 1965 in the US, online dating has just gained popularity in the last decade thanks to the rise of online dating apps. Since the launch of Tinder in 2012, hundreds of dating services have appeared on app stores worldwide. In 2018, analysts estimate the global online dating market could be worth $12 billion by 2020 (Business Insider, 2018). A more recent estimation for 2020 was conducted by Statista, which is $2.7 billion. It is difficult to evaluate the two estimations. However, in fact, Match Group (the company owns those most high-profile dating platforms including Tinder, Hinge, OkCupid, etc.) recorded its overall revenue for 2019 is $2.1 billion, about 24% increased from 2018. Thus, considering the market players’ revenue and high growth rate, the global online dating market in 2020 might be higher than Statista’s estimation, at least over $3 billion is expected. According to Dylan Loh (2020) on Nikkei Asian Review, Singapore, Indonesia and Malaysia are the three leading countries in ASEAN in terms of users’ spending on an online dating app.

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15 Apr
High growth yet challenging cloud computing market in Vietnam

Bright future for cloud computing
The market for cloud computing in Vietnam is growing fast. According to a report by Microsoft and Singapore National University announced in 2017, among ASEAN countries, Vietnam has the highest rate of increase in expenditure on Cloud with CAGR at 64,4% in the period 2010 – 2016, compared to the average 49% of the ASEAN region.

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15 Sep
Who will be the final champion? Battle between Taxi companies and Car sharing apps


From time to time, technology comes up with something new to remind us of how convenient our lives have become. The birth of Uber, a social sharing platform that connects passengers and drivers, is a worthy example of such reminder. Cut out all the details, Uber allows people to travel around in cars not theirs with only smartphones as companions. The idea alone sounds so fantastic that Uber’s dazzling development seems virtually inevitable. The same goes for Grab and DiDi Chuxing – Uber’s greatest followers and also competitors. Uber is operating in 488 cities in the world, Grab is becoming a major force in 650-million-people South East Asia, and DiDi Chuxing has just acquired the very Uber’s China in a $35 billion deal in 2016. Read More “Who will be the final champion? Battle between Taxi companies and Car sharing apps”

15 Mar
Trend of Vietnam software industry in recent years

Vietnam software industry is developing while overcoming many difficulties. Since 2008 when market size was merely $680 million, the national revenue of software retain stable growth rate of more than 10% per year. Although 2012 is a difficult year for domestic software market due to pressures from an implementation of the Government’s Resolution 11 cutting public spends, especially the complexity of IT process in Decree 102 and the declined purchasing power of consumers led by economic stagnation, export (more precisely is offshore market) still increased dramatically and kept the market upward by 3.1%, reaching $1,21 billion.

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