Why Outsource to Vietnam?

Did you know that Vietnam is ranked 7th among thelooked at. Along with that comes trade promotions, risk
top ten biggest outsourcing nations around the globe?levels, living standards and infrastructure.
The estimation was made by an advisory firm calledIncidentally, Ho Chi Minh Cit and Hanoi were listed as
Tholons, which is a consultant for global sourcing and4th and 11th in 2008 in the global outsourcing rankings.
investments.The Vietnam Software Association said the software
Meanwhile, Ho Chi Minh City and Hanoi, were listed asindustry in Vietnam is growing at a growth rate of
ranking fifth and tenth when compared to 50 other top30-40 percent/year. Vietnam hosts over 720
emerging outsourcing cities around the world. Ho Chioutsourcing firms and approximately 9,000 engineers
Minh City was also on the list in 2006 for declining labortrained in IT by local universities and colleges.
costs and high standards of quality in the IT industry.In its annual report, Tholon said outsourcing to Vietnam
Tholons’ report was put together by serviceis perceived as a popular option since Vietnam is
providers and buyers (1st and 2nd tier serviceviewed as a vibrant destination for software
providers) and included surveys along with relateddevelopment  services and engineering services
information from institutions worldwide and variousoutsourcing in Asia.
governments.Among the top outsourcing options in Tholon’s
The Tholons/Global services survey examines sixsurvey include outsourcing to Philippines (Cebu City),
criteria for determining the top outsourcing destinations.and outsourcing to China (Shanghai). The two countries
They include the quality of human resources and theare also listed as second and third in the list of top
proportion as well. In addition, labor costs are alsooffshoring countries. That list was capped by India.