Once considered below the poverty line, in the last 30 years, the growth of Vietnam has been astounding. It is an eye opener to many countries in the world as to what a nation can achieve with the right combination of government action and public support. 1986 saw a tide of reform in the political and economic sector of the country. The GDP in 2018 and 2019 increased by 2.7 percent which pulled about 70 percent of the population out of poverty.
Suddenly, this amazing nation fell into the middle-class income category. When the pandemic hit the world in 2020, Vietnam rose as an exemplary nation by minimizing the impact on every facet of everyday life. The world bank believes that it is one of the few countries to go recession free post pandemic despite the huge setback suffered.
Most enterprises in the country are small or medium, who along with foreign investment support contribute to the GDP. Yes, the growth rate has been affected but it hasn’tdeclined, and the country is still moving forward. The growth still falls in the positive graph. Moreover, with infrastructure and additional services backed by Oxtrys, these face growing businesses are free to put their heads into the demanding needs of expansion.
The cloud computing market in Vietnam, according to Opengovasia.com, is worth VND 3.2 trillion. 20% of this market is seized by 11 domestic companies that host 270,000 servers while the rest is gripped by the international cloud computing firms. Unlike other markets, the impact of COVID-19 has been to push the growth by 40%. This is a major contributor to a recession free Vietnam. Despite all the positive advancement, there is still a well of untapped potential in software services.
Vietnam is the eighth largest service provider of IT technologies in the world and is predicted to explosive growth by 2025. The sector is backed by the government which has motivating plans like labor incentive in place to encourage growth in the sector. Add to that, low costs and quality labor, and the growth on the world stage is propelled considerably.
In conclusion, Vietnam as a developing country has shown promising results over the years and has yet to explore the wealth of potential in the market. Cloud computing and IT markets are the torch bearers. The government is doing everything right to bring the life of people to a great living standard which means the job market is only going to get better from here.
Importance of VPS
Are you a website owner looking for more facilities to run your preferred applications and software configuration?
Are you an E-commerce owner looking for productive ways to run the recent traffic generated by your website.
Digital servers are powered by the behind-the-scenes automation that enables them to be quickly built, updated, and destroyed. Because of the automated design of the system, we can easily integrate moreservices using the same point-and-click method, making it simple to add these features to a virtual server.
It's possible to easily install a load balancer in front of your servers, configure a firewall for a single or multiple machines, retain control over your public IP addresses for use between machines, and even create a private network for use only by your servers.
That’s not all though. VPS can also include:
Built-in monitoring of your server’s health
A connection between your servers and your object or block storage pools.
A history of tasks and changes
A virtual private server is an excellent choice for web developers, webmasters, resellers, and those who run resource-intensive websites.
VPS Hosting operates and performs just like an independent physical machine would, except it’s segmented into multiple “virtual” servers, high aims to provide security and flexibility for your websites, and full control over your hosting environment.
The virtual private server provides root access which gives you control over the server’s environment.
You can decide to customize it, add more apps, or add an operating system of your choice which helps you gain total control of the server.
VPS provides maximum security for your server, preventing other users from getting access to the resources dedicated to you.
A VPS is much more affordable than dedicated hosting as it uses the same foundation of resource sharing.
A virtual server lets you build a “template” or snapshot for a server that you want to use again and again.
You can then save this design and use it to build new servers at a later time. Only keep an eye out for improvements made after the snapshot was taken.
A virtual private server is not expensive as to what many people think and you can deploy it within minutes with the click of a few buttons.