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Business Survival 101: Sharpen Your Competitive Edge

Business / Trend Guides

Business Survival 101: Sharpen Your Competitive Edge

To survive and grow, every single product and service offering must have some clear, distinct competitive edge over its competitors in the marketplace.

In short, the competitive edge is the key to sales success and high profitability.

It is absolutely essential that you are excellent in some specific areas that customers value.

In other words, to be able to say, “We offer the best for you in this critical area.” is critically important in building customer’s trust.

Especially during this crisis while most of everyone is working remotely from home in 2020.

To design, address as well as meet the needs of your customers and your business management system has proven to be the most effective competitive edge in this market today.

It involves a collection of computer programs with business applications, tools for modeling, and development tools to build applications that are designed to solve those needs.

However, the investment for software development and integration is immense.

It will require your time, effort, and, most importantly, your resource to able to build an effective software solution.

That is why Software Outsourcing is the primary key to help your business survival during this crisis.

Then What is Software Outsourcing?

In a digital era that we are living in right now, everybody can be connected through the internet.

While many businesses are trying to look for a software solution provider within their region for their needs, other businesses have outsourced the work to a cheaper but also effective, and trustworthy option, a software outsourcing provider in Vietnam.

According to the Global Services Location Index (GSLI) by A.T Kearney consulting firm, Vietnam has jumped to rank fifth of the Global Software Outsourcing industry in 2019.

So how come Vietnam has such a high ranking in Software Outsourcing?

From the Economic Outlook, Vietnam’s economy grew by 6.5% in 2018, and 6.6% in 2019.

This dynamic growth does not go unnoticed. Economists all have confidence in Vietnam that it is one of a handful of Asian countries that could soon rival larger competitors, such as China and India.

More than that, half the population of Vietnam is under 30 years of age, born after the Vietnam War, are optimistic, intelligent, and well-educated.

The education system in Vietnam is excellent, with a focus on study in mathematics and technologies that support the IT industry.

Many Vietnamese ex-pats previously worked as programmers and engineers in the west.

Now, they’ve returned home as facilitators and help overcome cultural and language barriers for the use of Vietnamese software developers as outsourcing partners.

Plus, hourly rates for programmers are very favorable to US and Western European companies.

The typical partner rates for outsourcing in Vietnam is between $26 – $37 per hour.

Even though the English-language skills of the average Vietnamese are considered as “Moderate,” it’s improving, especially among the younger population.

IT Engineers can usually read and write English; therefore, written communication is an effective collaboration tool.

With DevOps or Agile development methods, you’ll often collaborate with your business partner in Vietnam.

Due to 12 hours ahead of Eastern Time Zone, collaboration can’t be stalled because of time zone issues.

A good software outsourcing company in Vietnam will have key techs available during your normal business hours – whether the US or Europe.

But How Do You Pick a Good Software Outsourcing Company in Vietnam?

Knowing which are the best software companies in Vietnam is important – but there’s more.

To select THE RIGHT software outsourcing provider for your company, you need to understand your company as well as the prospective outsourcing partner.

“One size does not fit all”… your companies industry, culture, time zone, and – yes – technical skill gaps all should impact your search process.

Therefore, WE, as Techvify, has a dedicated team of hardworking and committed skilled professionals.

By continuously strive to attain knowledge and increase their talent to provide the best quality solutions to our valued customers, we keep our self-updated with the latest Trends so our clients can take rest and concentrate on business.

Moreover, with an array of multidisciplinary skilled employees forming the core of our capability and with more than 500000+ working hour experience in the following technologies, Techvify can support offshore development and evaluation for customers in various fields such as finance, insurance, e-commerce, manufacturing, and internet services.

With the right mix of experience, expertise, value, and our ability to deliver against all the odds, our clients have trusted us to unleash their potential, to stay ahead of their competitors, and always deliver top-tier quality service.

As a Creative and Young company, we believe that continuous innovation, a highly engaging workforce, and effective communication can lead us to become the top leader in software outsourcing in Vietnam.

Stay tuned for more information about our concern and interest in today’s technology.