| Did you know that Vietnam is ranked 7th among the | | | | looked 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 called | | | | Incidentally, Ho Chi Minh Cit and Hanoi were listed as |
| Tholons, which is a consultant for global sourcing and | | | | 4th 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 as | | | | industry in Vietnam is growing at a growth rate of |
| ranking fifth and tenth when compared to 50 other top | | | | 30-40 percent/year. Vietnam hosts over 720 |
| emerging outsourcing cities around the world. Ho Chi | | | | outsourcing firms and approximately 9,000 engineers |
| Minh City was also on the list in 2006 for declining labor | | | | trained 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 service | | | | is perceived as a popular option since Vietnam is |
| providers and buyers (1st and 2nd tier service | | | | viewed as a vibrant destination for software |
| providers) and included surveys along with related | | | | development services and engineering services |
| information from institutions worldwide and various | | | | outsourcing in Asia. |
| governments. | | | | Among the top outsourcing options in Tholon’s |
| The Tholons/Global services survey examines six | | | | survey 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 the | | | | are also listed as second and third in the list of top |
| proportion as well. In addition, labor costs are also | | | | offshoring countries. That list was capped by India. |