Vietnam Outsourcing

While big-name multinational companies might not have as much trouble attracting talent due to name recognition alone, small-to-medium-sized enterprises without a prior presence in Vietnam might not have such luxuries. In short, unless you have local partners to work with, it is hard to know what the talent pool is like, how best to reach out to the very best and what they expect from employers.

Why Is Vietnam An Ideal Destination For Software Outsourcing Development? An experienced company will tackle your software development problems using its diverse skill set. Outsourcing software development comes in handy, especially when small businesses are planning an expansion or a new product launch

According to a statistics from Japan's Ministry of Economy, Trade and Industry (METI), Japan has an average of over 100,000 engineers working in the fields of information security, cloud computing and mobile technology. For new technologies such as AI, Big Data, IoT and Robotic, etc., Japan will likely lack about 600,000 IT engineers by 2030.

Vietnam has the lowest labor costs of any potential outsourcing destinations. Hiring offshore software developers in Vietnam is approximately 9 times less expensive than that in Europe or the United States.

Is Vietnam Good for outsourcing it? Vietnam software development outsourcing is a promising industry with many years to grow and a lot of potential to explore. In 2018, Vietnam exported $3.5 billion worth of software, according to the Ministry of Information and Communications. Vietnam is rated as the top 5 countries for software outsourcing, as of 2019.

Software outsourcing services have recently gained global popularity. Companies are employing these services for both cost-savings and time saving as well as a multitude of other benefits.

India and China, have established themselves as leaders in the field. However, the picture of outsourcing services has changed. Several new countries, including Vietnam, are becoming the rising stars in the IT outsourcing market. With strong investment from giant tech companies in the development of a skilled technical workforce, Vietnam is showing to be a promising destination for technology generally and for software outsourcing services particularly. Here is why Vietnam software outsourcing will achieve a top position in global software outsourcing in the very near future.

For many foreign companies, software outsourcing to Vietnam is regarded as an effective software development solution due to its cost-effectiveness and high quality. When compared to developing software in the United States, companies can save up to 90% of costs by outsourcing to Vietnam.