IT outsourcer sees huge tech demand
The Thai unit of Vietnamese IT outsourcing firm VMO Holdings aims to grow its corporate customers to more than 100 by 2025 amid increasing demand for high-tech industry workers in Thailand and Southeast Asia.
Chris Pham, chief business officer at VMO Thailand, said the company’s objective was to leverage its experience in consulting and implementing digital transformation to revolutionise traditional businesses in Thailand.
“We consider this start an excellent opportunity to enhance customers’ experiences, dedicate our expertise to the Thai technology market, and accompany Thai businesses while elevating the region’s IT position,” said Mr Pham.
The company sees business growth opportunities in Thailand, which is one of the top six digital regional economies, deeming it a potential technology market that is expanding strongly with government support and investment from major hedge funds.
According to a World Economic Forum 2019 survey, technology is expected to significantly affect 1.1 billion employees. However, Thailand has only 14% of highly skilled professionals among the 141 nations surveyed.
“After two years of the pandemic, the Thai technology market continues to grow rapidly, leading to demand for IT human resources in Thailand surging significantly. The shortage of skilled professionals is rising as domestic workers are insufficient in meeting that huge demand,” he said.
“It should be no surprise that IT outsourcing services have emerged as one of the foremost human resource trends.”
Founded in 2012, the Hanoi-based firm has delivered more than 600 projects for hundreds of clients worldwide and pioneered the Internet of Things (IoT) industry as well as the build and transfer model in 2017 in Vietnam.
The company offers technology solutions such as web and mobile development, offshore development centres and IoT services.
Sectors that have used the company’s services include startups, automation, e-commerce and financial technology.
Mr Pham said the Thai unit aims to be a top five IT outsourcing company in Thailand within five years.
“VMO Holdings commits to bringing its top-notch IT services to Thailand and meeting the demands of the IT human resources shortage in the region,” he said.
“With our capability and experience with offering technology services to businesses in the Thai tech market, I believe VMO is well-positioned to solve the issue of manpower shortage.”