VIETNAM – THE MOST FAVORED IT SOFTWARE OUTSOURCING, YOU KNOW WHY?
Vietnam is also known as one of the top 5th in the globe, which you should consider as a strategic alternative for decreasing expenses and achieving the best degree of performance. In 2019, the industry experienced an average annual growth rate of up to 9.8%, with annual revenue reaching $110 billion. The country is quickly establishing itself as one of the world’s leading software development outsourcing destinations. When it comes to cost-cutting, many corporations in North America, Europe, Australia, and Singapore are now considering Vietnam as a strategic choice. We would like to share with you why Vietnam is the ideal option.
#1: Having Access to a Skilled, Young, and Dynamic IT Workforce
In 2019, Vietnam’s developer force totaled 400,000 engineers and 50,000 graduates, making it one of the most active developed in the world. According to the 2018 SkillValue report, Vietnam Developers ranked 29th in the world and were among the top 6 TopCoders of the year in 2016.
#2: Save Cost-Effective Development
When you compare development costs and undertake a cost-benefit analysis, it’s no wonder that many global giants are outsourcing their software development requirements to Vietnam-based companies. The cost of software development in Vietnam is 90% less than in the United States, attracting many large North American corporations to outsource their software development services to Vietnam. Even when comparing the Vietnam software outsourcing industry to other popular Asian-based IT outsourcing destinations such as India or the Philippines, Vietnam obtains a 50% cost savings vs India and a 30% cost savings versus the Philippines.
#3: Dynamic Foreign Investment
As a recognized off-shore software outsourcing destination for global tech giants such as Apple, Microsoft, and Google, Vietnam is presently ranked as the world’s eighth largest provider of IT products and services. Despite the world’s economic and health crises, which have crippled other surrounding offshoring centers like India and the Philippines, the Vietnam IT outsourcing industry has remained a consistent source of production and resilience. Vietnam is emerging as a bright example of social resilience and technological fortitude as the globe looks to learn from towns and cultures that have successfully managed the pandemic, saving both lives and livelihoods.
#4: The Business Environment Has Become Much more English-Friendly
Unlike many Asian languages, Vietnamese uses the Latin alphabet, just like English, which allows Vietnamese students to learn English verbally and in writing far faster than their South-East Asian counterparts. In addition, one of the most essential characteristics of Vietnamese people is their hardwork and, above all, their willingness to adapt to their surroundings, which make them be ready to meet high requirements according to each specific property of the project.
Are you considering a software outsourcing solution for your projects?
Our solid resources will help you. You will not only receive appropriate services from us, but also a commitment to a long-term collaboration. TWENDEE is dedicated to assisting its clients in experiencing the brilliance of technology through the provision of unique and innovative IT solutions. With so many IT Outsourcing Companies in VietNam, here is a highlight reason why TWENDEE may be the best choice. We are willing to conduct a demo version to visualize the product concept (POC) in the proposal, which makes it easy for you to assess Twendee’s research and project tracking capabilities. If you have any concerns, don’t hesitate to contact us.
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