Vietnam is an attractive destination for many leading tech companies to have software development outsourcing. Recently, famous American technology companies such as Intel, IBM, Microsoft, … have actively and continuously invested in Vietnam. Many tech companies from other developed countries such as Japan or Australia had already set up offices and hired software developers in Vietnam in the past few years. This trend is becoming more and more popular globally.
In this article, we will give some evidence that makes Vietnam software outsourcing development become the ideal choice.
Stable government policies and fast economic growth rate
Vietnam is the most politically stable countries in Southeast Asia
Vietnam is the country that you can easily find in the list of the most politically stable countries in Southeast Asia with its fast-growing economies over the past 30 years. Both of these factors play an important part in developing software outsourcing services in Vietnam.
With a strong economy with an incredible growth rate, Vietnam is considered a dynamic country with great potential for outsourcing. According to World Bank statistics, GDP per capita in Vietnam has increased by 2.7 times from 2002 to 2018. It exceeded $ 2,700 in 2019. The World Bank says 45 million people have escaped poverty during this period.
A stable and secure government, Vietnam is now considered a legitimate country. In an international survey conducted in 2002, Vietnam was selected as the safest country to travel to in Asia.
Various factors such as economic stability, the right policies and proper governance have made a huge contribution to the rapid development of Vietnam.
Hiring outsourcing development companies in Vietnam is cheaper than in China, India
Currently, India and China are the industry leaders for outsourcing development companies. However, the Vietnamese market is also starting to emerge as a new outsourcing location.
2019 Global Software Outsourcing Rates
Outsourcing in Vietnam is being recognized as a high quality software site in Asia. According to CIO magazine, hiring software development workers in Vietnam is about 90% cheaper than hiring workers in the US. Compared to India, software development outsourcing in Vietnam is one-third to one-seventh cheaper. These are the numbers that foreign companies are really considering to locate their offshore software development sites in Vietnam. When the Indian and Chinese markets have entered the maturity cycle, the cost of processing will tend to increase. Outsourcing to Vietnam means a lot to companies looking to develop the most cost-effective way. Outsourcing service ranking by Global Service Location Index 201, Vietnam ranks 20th among the top countries recognized as excellent outsourcing destinations.
Vietnam’s software engineer workforces are high-quality
Vietnam is in the “golden population” phase of the world, with more than 60% of the population under the age of 30. Each year more than 25,000 engineers graduate from universities in Vietnam.
Vietnam is in the “golden population”
The young Vietnamese with a better education overcame the previous English barrier which is considered a weakness. They can communicate with customers in English speaking countries fluently. At the same time, a software outsourcing company Vietnam has provided a large pool of skilled software developers required to meet growing offshore demand.
Companies have begun to take advantage of this wonderful opportunity of outsourcing in Vietnam with low cost and superior quality. Vietnam is on the way to writing a new chapter in the history of outsourcing software development. The world is also watching this new revolution in software outsourcing taking place in Vietnam. As an emerging outsourcing destination, Vietnam will be a perfect fit for companies seeking a technological advance without spending a lot of money.
Availability of trusted outsourcing companies
Today, you can come across a wide variety of software outsourcing providers in Vietnam. Many clients worldwide are searching for a trusted service provider with a good track record. Vietnam is the hometown to several top service providers like Innotech Vietnam who have customers in many countries including the USA, Australia, Singapore, Japan, and more.
The leading software outsourcing companies in Vietnam provide high quality offshore software development services at extremely affordable prices. They provide the best quality custom software development, outsourcing, web application, mobile application and UI/ UX design solutions.
The unique combination of high-quality services and cheap price easily makes Vietnam one of the best software outsourcing destinations in the world. A large number of young software developers with proficiency in English make Vietnam become globally competitive. Viet Nam is the answer and best solution for all of your technology-related outsourcing needs.
If you are looking for Software Outsourcing Development in Vietnam to provide solutions for your companies, we are very pleased to offer our services. Contact experts at Innotech Vietnam for any questions about Software Outsourcing!