You care about software outsourcing, you have ideas for a Project, and you are looking a person or a company who can handle your Projects. You can check, consider and choose Vietnam because of some reasons:
1. Vietnam is considered as a promise destination for every outsourcing software company in the world.
A lot of big companies in the world chose Vietnam for development of software systems. And Ho Chi Minh and Hanoi, Vietnam is in top 50 Emerging Global Outsourcing Cities in 2008.
Meanwhile, Ho Chi Minh City is in Top Outsourcing Cities" (Thelon’s, 2009-2015)
That is not to be wondered at that Vietnam is an Asia Tier 1 emerging-market location (Gartner’s Leading Global Locations for Offshore Services, 2014).
All results are better than some years ago, refer to some researches here, which makes a favorable comparison with that of other countries that are popular destinations for outsourcing work.
- Gartner Identifies Vietnam in Top 30 Countries for Offshore Services in 2010-2011
- Vietnam software outsourcing is in the Top Ten of A.T. Kearney’s Global Services Location Index 2011 & 2009;
- Vietnam software outsourcing belongs top 5 of Leading Offshore Services Locations alongside India, China, the Philippines and Malaysia in Asia/Pacific, 2015: Smaller Countries Gain Traction
- Moreover, a research by World Economic Forum in 2015 arrange belong top 10 countries of 128 countries with most engineering graduates.
2. Price
In fact, the most important reason for outsourcing a project is that you want to save money and cut cost, so you would like to find a country with cost effective and especially you want to find someone who respects you more than your money. That’s reason why you should choose Vietnam.
It is no surprise, therefore, the price for develop a project in Vietnam will be less than other countries in Europe and North America. Because in Vietnam, labor costs are 90% less than those in Europe and North America, which means significant cost savings for your budget . Even compared to other outsourcing destinations, Vietnam's labor costs are attractive.
3. Labor Force
According to Richard Middleton, Cushman & Wakefield's head of occupier services for APAC and EMEA commented: "While not the cheapest outsourcing destination, Vietnam is still very competitive when compared to other global locations and wage rises in India and China largely contributed to it surging up the ranking to take first place in 2015”.
Today, Vietnam has 96% literacy rate and 80% of the country's college graduates hold degrees in the sciences (Vietnam Economic Times).
The labor force also has much lower turnover and much higher stability than do those of most other countries that are active in outsourcing. Therefore, Vietnam is one of the most attractive aspects of the country’s investment environment.
With more than 100,000 software developers and 75,000 digital content specialists currently in the IT workforce, Vietnam software outsourcing provides a deep talent pool for international tech companies. And with over 40,000 new graduates from IT-related programs each year, the IT workforce is growing rapidly.
4. Ethnic/Religious Stability
Vietnam outsourcing was ranked as the safest among the 14 countries in the Asia-Pacific Region by the Political and Economic Risk Consultancy in Hong Kong (Berth of a Nation in Time, autumn 2002)
You can see that there are no ethnic/religious conflicts in Vietnam. Thus, Vietnam is one of the most secure and stable business environments for investment in the world. Likewise, in 2011, AT Kearney’s Global Services Location Index rated Vietnam as having the #1 most financially attractive workforce in the world.
5. Political Stability
The truth is that there have been no conflicts with neighboring countries of Vietnam. Especially, Vietnam became 150th member of World Trade Organization (WTO) in January, 2007.That event was an important landmark to have more opening and welcoming business environment for foreign investment.
It will be better if you find a country with ethnic/religious, and political stability like Vietnam. Because if you choose a country with significant instability and conflict, your projects may proceed slowly and sometimes it cannot finish on time with high quality. In case, you want to travel to discuss more with a company or see how process of your Project, Socio-Economic Stability will become a big problem for you to consider. However, you do not need to consider if you choose Vietnam for software outsourcing, absolutely!
6. Languages
To decide working with a company or not, you always care about their abilities in English. Vietnamese is aware of that problem well. Unlike many Asian languages, Vietnamese uses the Latin alphabet, just as English does, which makes it relatively easy for Vietnamese speakers to learn English. English is the second most popular language in the country, and the majority of Vietnams' college graduates have high proficiency in English. Consequently, most IT workers in Vietnam are able to communicate easily with U.S. companies in English for daily conservation and weekly report.
Vietnam still has to improve and overcome many challenges , but all above results are seen as positive signals for national economy development. Have you ever wonder that your decision will always be the important key for your success. You should seriously consider before starting outsource your Projects. Everywhere you can find onsite or outside, there are extraordinary places of the good services. Why don’t you choose Vietnam?
I would like to share my straightforward about Vietnam outsourcing software development. If you're interested in Vietnam software outsourcing development, and you have any similar or even opposite ideas, please give comments below.
Thanks for your reading.
Synthesized by Thuy Le