Post-Vietnam

베트남 – 소프트웨어 아웃소싱을위한 이상적인 선택 – Techvify Vietnam

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베트남 – 소프트웨어 아웃소싱을위한 이상적인 선택 – Techvify Vietnam

Vietnam is speedily emerging as a compelling destination for the growth of low-cost quality software in Asia

The country has the advantages of a strong young, talented labour pool with the lowest labour cost compared to other IT outsourcing competitors and a safe, stable government environment.  

As consequences of the US trade war with China and its intention to end preferential trade treatment with India, Viet Nam has become an attractive alternative destination for BPO. 

Within the ICT sector, business process outsourcing (BPO) is the field of IT industry that is poised for growth due to: 

Growing Talent Pool 

The country has a young and dynamic growing workforce with a median age of 30.5 years, a relatively young population compared to China’s median age of 37.4 years. The country is home to a young generation who has access to the most modern IT education.  

According to the Vietnam Economic Times, Vietnam currently has a 96% literacy rate and 80% of the country’s college graduates hold degrees in the sciences. This makes the country an outstanding option for outsourcing technological projects as the increasingly educated population has a high level of scientific and technical literacy. 

Additionally, as the capital of Vietnam, Hanoi offers deeper technical expertise and more stability for longer-term investment. Through its embassies and government institution, the capital opens perspectives of foreign exchanges and partnerships unrivalled by other cities in Vietnam. 

MoreoverHanoi hosts hundreds of scientific research institutes and over 50 universities and colleges as a centre of education focused mainly on technology, and here you can find the largest technical university of the country – Hanoi University of Technology.  

A vibrant digital sector 

Viet Nam is home to a vibrant start-up environment. In 2018, local start-ups received US$889 million in funding, triple the amount in 2017, according to Topica Founder Institute. 

Amongst start-ups in Viet Nam, the majority are based on technology and digital (FinTech, E-commerce & Travel Tech).  

As the digital epoch is making a significant bearing on every generation, more and more schools and academies are opened to spur the young to invest their talents in technology and relevant sectors and hone their skills.   

The rapid progress in both quantity and quality of IT education in Vietnam contributes to a huge amount of software developers for Vietnam outsourcing companies in the coming years.   

Work Attitude 

Vietnamese employees are often praised for being hard-working and skilful as the image of this country on the eyes of oversea collaboration. From scratch of agriculture country, Vietnam gradually strive to integrate for the evolution of the 4.0 Era.  

Vietnam is particularly unique due to its low turnover rate. Generally, companies in this country has an IT-related turnover rate of less than 5% comparing to other countries, such as India, this turnover rate can be 10% or even higher. People tends to be loyal to their company, once working with Vietnamese, you are welcome to join a big family. This is the difference and important advantage of outsourcing the Vietnam environment.  

Competitive cost 

According to Innotech, Viet Nam’s labour costs for IT outsourcing and business processes are about 50% less than in India. The rates range to hire an offshore software developer is from $10-$25/ hour. While in other Asia countries like India or China, you will be asked to pay from $18 to $50 per hour for the same scope of work.  

Operation costs are also estimated to be cheaper, at about one-third of the levels in India.  

To sum up, all things combined, international partners could have high hopes for the workforce in Vietnam to rise and shine. 

Finally  

Vietnam has marked a milestone in the history of the outsourcing software IT in Vietnam. With relentless learning and enhancing, companies in Vietnam are still proving to be an ideal option in term of outsourcing Technology solution in the world.  

At the capital of this country, a dedicated team of Young and Creative from Techvify constantly strive to attain knowledge and increase their competence to provide the trusted and best qualified solutions to customers. 

We hold an array of multidisciplinary skilled employees forming the core of our capability in various fields of software development such as Finance, Insurance, E-commerce, Manufacturing, Hospitality and Internet Services. Our key motto does not stop at bringing success to our clients but gaining customer satisfaction after each project. 

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