VIETNAM AS A BIG ATTRACTIVE DESTINATION IN THE FIELD OF OUTSOURCING
Last updated: January 12, 2023 Read in fullscreen view
Recommended for you
- 07 Jul 2024
Top Fintech Companies in Vietnam Driving Innovation Across Digital Banking & Investment 28/44 - 24 Nov 2025 Top Blockchain Companies in Vietnam 10/27
- 05 Aug 2025 Why Doesn’t South Korea Outsource Its IT Projects Like Other Developed Countries? 10/83
- 15 Oct 2022 Project-based team model for one-off and pilot software development projects 10/730
- 03 Oct 2020 Outsourcing Your MVP Development - Streamlined Solutions for future 9/400
- 21 Aug 2025 Top 30 Oldest IT Outsourcing Companies in Vietnam 7/89
- 31 Oct 2025 The True ROI of Software Development Outsourcing for Tech Startups 7/58
- 24 Nov 2021 What is the Actual Cost of Hiring Cheap Developers? 6/348
- 22 Mar 2022 8 Mistakes Marketing Agencies or Consulting Firms Make When Outsourcing Web Development 6/324
- 10 May 2021 Project Audit and Second Opinion Services 6/236
- 12 May 2021 The Real Cost Between Outsourcing IT vs In-House: A Quick Comparison 5/401
- 25 Sep 2025 A Practical Guide to Secure Online Work for Outsourced Teams 5/56
- 05 Jan 2022 What Outsourcing Engagement Model is Right For You? 5/290
- 11 Mar 2023 Common Pain Points in Software Development Outsourcing 5/227
- 09 Jan 2021 How can outsourcing enable business agility? 4/178
- 14 Dec 2021 The Top 10 Problems with Outsourcing Implementation and How to Solve Them 4/376
- 02 May 2021 Outsourcing Software Development: Avoid 8 Mistakes 4/89
- 16 Dec 2021 Why outsource Python development of your project? 3/444
- 12 Jan 2023 Top 10 Trustworthy IT Outsourcing Companies in Vietnam 3/262
- 01 Jan 2023 Why is Vietnam the Top IT Outsourcing Destination of 2023? 3/202
- 19 Mar 2021 Selective Outsourcing of IT Functions - a new trend in business outsourcing 3/495
- 21 Oct 2021 Advantages and Disadvantages of IT Outsourcing 3/321
- 01 Jan 2023 4 New IT Outsourcing Pricing Models to consider in 2023 3/323
- 01 Jan 2024 12 reasons for software development outsourcing 3/146
- 01 Jan 2024 Software Outsourcing Questions for 2024 3/145
- 01 Jan 2024 Tech Partnerships: Choosing the Right Software Outsourcing Firm in Vietnam 3/165
- 08 Oct 2024 Vietnam: The Rising Star in Global Outsourcing – Trends and Costs for 2025 3/289
- 07 Nov 2024 Outsourcing Crisis Looming: Will Trump's Policies Transform the Global IT Landscape? 3/157
- 03 Nov 2021 7 phases of Odoo Implementation and Development: Can they be outsourced? 2/357
- 21 Oct 2022 Outsourcing Billable Rate 2/244
- 01 Oct 2022 Vietnam is a favorite supply of IT outsourcing services to Japan 2/230
- 06 Oct 2021 Intellectual property issues with outsourcing software development 2/364
- 17 Oct 2020 How Outsourcing can Improve Time Management for Better Business 2/184
- 10 May 2021 What are things you should look for in a good IT outsourcing company? 2/405
- 28 Oct 2022 Expect the unexpected in 2023 - How Outsourcing Can Help? 2/184
- 08 Feb 2022 Software Development: Fixed Cost or Opportunity Cost? 2/444
- 01 Sep 2019 Outsourcing Software To Vietnam: Facts, benefits and limitations 2/392
- 01 Jan 2023 Software Development Outsourcing Trends to Watch Out for in 2023 2/268
- 09 Sep 2022 Close Collaboration and Communication Can Overcome the Challenges of Distributed Teams 1/129
- 13 Jan 2023 What are the Hourly Rates in Offshore Software Development? 1/223
- 03 Jan 2023 IT Outsourcing Costs: Is outsourcing really cost-effective? 1/185
- 31 Dec 2021 Outsourcing Software Development to mitigate the impact of COVID-19 1/289
- 21 Aug 2022 Forbes: IT Outsourcing Hotspot: Vietnam, A Small But Mighty Powerhouse 1/240
- 15 Aug 2021 TIGO Rate Formula - Things the partners should know 1/418
- 08 Aug 2021 Why Nearshore Software Development is better than In-House Development? 1/174
- 13 Oct 2021 Why Outsourcing Software Development Services Is Gaining Traction With Non-Technical Leaders? 1/299
- 02 Mar 2021 Estimate the Cost of Software Development 1/312
- 01 Mar 2022 Top 5 reasons why outsourcing to Vietnam is a smart move 1/262
- 01 Apr 2021 IT Outsourcing to vietnam: Why It Is A Good Choice? 1/258
- 01 Jan 2024 What The World Is Flat Means to IT Outsourcing 1/157
- 02 Nov 2023 What are the pros and cons of iIT outsourcing? 1/184
- 17 Jan 2024 What are the benefits and challenges of using multi-sourcing or single-sourcing strategies? 1/157
- 10 Jan 2024 Facts Chart: Reasons for outsourcing 1/132
- 11 Mar 2024 Why You Should Hire Odoo Developers from Vietnam to Customize Your ERP System 1/89
- 04 Apr 2024 Unlock Vietnamese-Japanese outsourcing potential 1/214
- 01 Jan 2024 Hiring Tech Talents in Asia: An Overview of Skills, Costs, and Potential 1/148
- 01 May 2023 Streamline Your Business with Outsourcing 1/168
- 01 Jun 2025 10 Sustainable & Unique IT Outsourcing Companies in Vietnam 1/58
- 01 Feb 2023 [InfoWorld] Is your outsourcer agile enough? /182
- 01 Jan 2023 Top Software Development Challenges in 2023 /275
- 08 Jan 2024 Outsourcing on an As-Needed Basis /144
- 15 Nov 2023 IT Staff Augmentation Types and the Best Choice for Your Business /155
- 12 Oct 2021 Vietnam outsourcing path - the silk road connecting ASEAN with the developed countries (EU, US, Japan...) /282
- 19 Oct 2020 The hidden costs of outsourcing software development /434
- 03 Nov 2022 Top questions and answers you must know before ask for software outsourcing /264
- 16 Mar 2021 Outsource Data Engineering Services - TIGO Streamlined Solutions /234
- 10 Mar 2021 The 7 Biggest Mistakes to Avoid Before Outsourcing a Web Development Project /224
- 25 Nov 2021 Low-Cost Software Development: Buy Nice or Buy Twice? /278
- 01 Jan 2023 Top 5 IT outsourcing countries in 2023 /254
Entrepreneurs have long seen outsourcing as a strategy reserved for big business, but technology has made it a more accessible tool for small businesses--and for some small firms, outsourcing has made a powerful impact on their growth, productivity.
Taking the first steps toward outsourcing can be time-consuming, but figuring out how to build your business with help from outside professionals can offer increased efficiencies and economies of scale.
"Most entrepreneurs have great talents but many times they think they can do it all, That can really stall the growth of the business. By outsourcing the day to day back-office tasks, the business owner has more time to focus on generating income."
Many years ago, Vietnam has been considered as a big attractive destination in the field of outsourcing, especially software development outsourcing. The good relationship between Vietnam and Japan shows the big potential of software industry in the coming years. Many Vietnam software companies are promoting their business in this market. Some US corporations also started to move to Vietnam with the advantages of cost, quality and skilled resource...
Vietnam, with its state–of–the–art technology can now handle complex turnkey projects, such as the maintenance of legacy systems, business intelligence, system integration, business process re–engineering or E–commerce.
The potential of software outsourcing
Although still very young, Vietnam enterprises in recent years there have been many attempts in the development of software export market. Vietnam is among the countries with high stability are less political and terrorist risks. This advantage, along with the geographical location within the Asian region, an area that is currently being evaluated as the most dynamic in the IT sector, Vietnam is a place scooped leading multinational corporations and foreign investment companies open branches and companies outsourcing manufacturing exports. Many tech companies are investing in Vietnam such as IBM, Intel, Microsoft. These companies help Vietnam not only in building up a strong IT infrastructure but also in training a great pool of talented and skillful software developers.
With about 34% of the population aged 15-34 ensure that Vietnam has a young labor force. The ability of logic and mathematics of students in Vietnam very well be a favorable condition for development. Compared to India, Vietnam’s labor costs cheaper from 30-50%. IT workers can improve their ability to quickly and easily adapt to working conditions with high intensity.
The Government of Vietnam is focusing on the development of the software industry. There are many preferential policies developed software industry, such as tax incentives, preferential policies on land rent, lease infrastructure, the financial support policies, training policies to support development HRD software etc.
Universities are investing in courses relating to information technology. Training centers opened to supply the quality software developers for the Vietnam outsourcing market and even the global market. This attracts a huge number of students who are interested and want to develop their career paths in this field. Every year, thousands of information technology students graduated. These students are not only good at the theory but also good at the practical problems via the internship period or even via their project. This can ensure that Vietnam can provide quality software developers for the best business outcomes.
Opportunities
IT Sector of the world are at the stage of recovery and rapid development. IT market in the world’s major like the US, Scandinavia and Japan trend of using manpower from foreign suppliers for outsourcing is growing strongly. Predicts that by 2005, the need to recruit IT professionals globally will be more than 1 million people, while the main suppliers such as India, Ireland also has the ability to provide a maximum of 70%. China is considered to be potentially competitive market, but in reality, domestic demand in China is very large, a large number of qualified staff in China will be drawn into the domestic market. In addition, human resource prices in the Indian market, Ireland is increasing while IT labor cost in Vietnam is very low. Such outsourcing market is very huge. The problem is how to seize the opportunity?
Terrorism and instability and political security in many regions of the world makes the multinational corporation and the largest IT companies in India, Korea, Taiwan, the Philippines, Indonesia etc. are trying to stretch down the software development centers to countries with better stability and political security to minimize the damage that may occur. Vietnam is considered as a country with high stability and political security, re-located close to the major powers about outsourcing such as India, China, Korea should be the ideal place to embrace this opportunity.
Vietnam has a large community overseas Vietnamese living and working in foreign countries, and many of them are senior professionals in the field of software development. If exploited, this force will be a great resource for software outsourcing exports Vietnam. Vietnam may call on the Vietnamese community in the developing countries, such as Silicon Valley, so they returned to invest in developing the domestic software industry.
Wrapping up
Entrepreneurs are getting familiar with the term software outsourcing services. And Vietnam is being considered as a promising destination for these services after India and China. By hiring software outsourcing in Vietnam, the company can not only save a mouth of money but also being provided the high-quality software developers who can ensure you the best business outcomes.
Explore more on these topics
04102024050214_thumb.jpg)
Guest Blogging: The Definitive Guide
Top Trending Topics
Share This
Link copied!
Recently Updated News