When outsourcing first became a byword among big business owners, countries in Southeast Asia have become a major player in the industry. One such country which has benefited from the influx of clients from other parts of the world outsourcing their tasks, jobs and projects is Vietnam.
One of the most important benefits that investors will get to enjoy when choosing Vietnam as an outsourcing destination, especially when compared with its neighboring Asian countries, is the fact that there are cost savings that they can easily incur. This is in terms of the low salaries that the talented labor force in Vietnam has. In addition, the IT professionals are keen on learning, so you can rest assured that they have the passion and enough skills to excel at what they do. These IT professionals are also eager to work for foreign companies.
So if you are a foreign investor who chose to put your money on outsourcing IT-related services to Vietnam, there will be plenty of skilled and talented applicants lining up to work for your project. They can also develop and customize application software management tools, they can finish accounting tasks, do website or games design, and perform a wide array of other IT-related tasks for those who wish to outsource their projects to Vietnam.
Primarily, the Vietnam software outsourcing industry has become a viable alternative due to the many benefits that investors will get to enjoy. Take a look at the following reasons why it pays to invest in Vietnam:
The cost of hiring people
One of the reasons why outsourcing has turned out to be an integral part of business operations these days is the cost-savings that business owners will incur. When you hire a couple of web designers in the United States, for example, you need to spend money for hiring and training the number of developers that you need. Compare this with simply outsourcing the web designing project to a Vietnam software outsourcing company – and you will see just how much you will save off the company resources.
To sum it all up, the cost of hiring people in Vietnam is 90% less than hiring IT professionals in the United States. This equates to significant cost savings for your company. Even when you compare the rates of hiring IT professionals in Vietnam to other outsourcing countries like India, it is still 30% cheaper to do it here.
The skilled labor force
A perfect phrase to describe the workforce of the Vietnam software industry and its outsourcing industry in general is “keen on learning”. The country has thousands of university and college graduates who are more than capable of keeping up with the demand for professionals in the Vietnam software outsourcing industry.
Specifically, there are more than 15,000 university graduates each year; 10,000 college graduates; and enough skilled IT experts to meet the demand of companies based overseas. Moreover, there are 400 universities, colleges and educational institutions existing which are in keeping with the government’s goal of attracting foreign investment through ICT development.
If these reasons are not enough for you to think about outsourcing your IT-related jobs, tasks and projects to Vietnam, how about the fact that they have a 96% literacy rate and that 80% of the college graduates here hold science degrees? These figures alone make Vietnam an exceptional country to outsource any type of IT-related task to due to their high degree of technical literacy.
What’s more is that Vietnam has a low turnover rate of less than 5%, as compared to other Asian countries whose turnover rate ranges from 10% to 20%.
The language of the locals
Both the English and Vietnamese languages use the Latin alphabet which makes it easier for the locals to learn and speak the English language. As such, companies who wish to outsource their IT projects to a Vietnam software outsourcing firm would have no problems communicating.
The investor-friendly business environment in Vietnam
If you’re a foreign investor and you wish to outsource your entire Technical Support department to Vietnam, you will be surprised to learn that it has an investor-friendly business environment. Aside from the costs on labor that you can save on, the tax policies and laws for doing business in Vietnam will not pose any problems for you as an investor.
Other reasons for investing in Vietnam
In terms of socio-economic stability, Vietnam is heads above other politically or economically-fragile nations. For example, if you consider the political instability in Thailand, the situation would not bode well for your investment. In Vietnam, things are pretty much stable politically, socially and economically.
Religious stability, a free market which has a centrally-planned economy, a protection for intellectual property rights – these are the other reasons why it pays to invest in Vietnam.
All in all, if you are looking for a cost-effective way of finishing an IT-related task, job or project, you should definitely put Vietnam software outsourcing firms on top of your list.
Blog: www.InvestinginHanoi.blogspot.com
If you want to find an outsourcing company in Vietnam, do not hesitate contact us at email InvestingInVietnam@gmail.com
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INVESTING IN VIETNAM JSC
Email: InvestinginVietnam@gmail.com
Office: 21/232 Ton Duc Thang Street, Dong Da District, Hanoi, Vietnam
Hotline: (+84) 904336967 ( Mr Mike)
(+61) 449740607 ( Mr Mike in Australia)Email: InvestinginVietnam@gmail.com
Office: 21/232 Ton Duc Thang Street, Dong Da District, Hanoi, Vietnam
Hotline: (+84) 904336967 ( Mr Mike)
Blog: www.InvestinginHanoi.blogspot.com
