2. Top reasons why companies choose Vietnam for IT outsourcing destination.
Cost efficiency: Vietnam can offer other global enterprises cost reductions, making it an appealing choice for any business all over the world. To prove it, the CIO magazine claimed that the cost of outsourcing development in Vietnam is 90% lower than that of US service
High-quality IT engineer resource: Vietnam has about 400.000 IT Engineers and over 50.000 graduated IT Students from over 153 IT Institutions per year. Vietnam also ranks high in various developer skills charts, such as Skillvalue, Topcoder and.
Proficiency in English: Language may be a significant barrier to success in the IT business, but the language barrier has been rapidly removed in recent years in Vietnam. Apart from the native tongue, almost all graduates, regardless of degree, are exposed to a second language, mainly English, placing Vietnam 13th in the Asian region in English ability
Growing number of investors: Vietnam has attracted many foreign investors in the IT sector, such as Intel, Samsung, LG, Microsoft and IBM. These investments have helped to improve the infrastructure, technology and innovation of the Vietnamese IT industry
Specialized Schools in Information Technology: Vietnam has many specialized schools and universities that offer high-quality education and training in information technology. Some of the notable ones are FPT University, Posts and Telecommunications Institute of Technology (PTIT), University of Engineering and Technology (UET) and Ho Chi Minh City University of Technology (HCMUT).
Young population: Vietnam has a young population with a high proportion of graduates in computer science and engineering, providing a large pool of skilled IT workers. Vietnam’s education system has been modernized and has a strong focus on STEM subjects, resulting in a highly educated workforce.
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