The Vietnam software outsourcing industry is gaining global recognition quite fast. For a long time, India has been the main destination for outsourcing tech services. Now, Vietnam has joined the ranks as one of the most desirable outsourcing destinations globally.
Why Most Companies Prefer Vietnam over other Locations
Despite being a small and developing country, Vietnam is fast turning into yet another ‘Silicon Valley’ in the Asia-Pacific region. For several years now, the tech industry in the county has proven itself by providing high quality and creative technological solutions for various companies globally. Behind this growing reputation are various underlying factors that make Vietnam an ideal destination for software outsourcing.
- Vietnam’s relatively young population
Vietnam’s population has been described as golden. Close 70% of its population is aged 15-35 years making close to half of the entire population. This means that close to half of Vietnam’s population is fit to work. With the tech industry being highly flexible and accommodating, the tech industry has become a shelter for the country’s workforce.
- High education levels
Even with a high population, the literacy levels in Vietnam are impressive. Every year, more than 280,000 graduates are released to join the workforce, with close to 40000 having gained knowledge in ICT. This makes the tech industry a prime target for most graduates. Further, the standards and quality of IT education in Vietnam schools has improved drastically over the years, thus producing competent and well-skilled graduates for the tech market.
- Conversance with latest technologies
The high standards of IT education in Vietnam means that its workforce is conversant with the latest technologies. The software industry is conversant with Internet of Things (IoT), Blockchain, Cloud Computing and Machine Learning, among other new technologies. Additionally, the majority of the workforce possess key technical skills applicable globally thus being dependable, flexible and deployable for any tech project.
The growing skilled workforce means that the software outsourcing industry in Vietnam offers competitive pricing for its software services, which helps minimize costs for those outsourcing the services. Other than the saturated Indian market, one of the key reasons for shifting from Indian to Vietnam is outsourcing costs about 30% lower compared to India. With quality assured, the allure of Vietnam is increasingly becoming irresistible.
Choosing the right Software Outsourcing Company
The growing number of companies in the Vietnam software outsourcing industry makes it difficult to identify the most convenient and most reliable partner to work with. It does not have to be difficult. While considering potential candidates to collaborate with for your project, here are several points to keep in mind.
- English Proficiency
English proficiency is crucial for effective communication and delivery of results as expected. Strong communication skills should be complementary, as it will make it easier for you to monitor project progress.
- Knowledge of the industry
Your vendor should demonstrate strong knowledge and understanding of the latest in the tech industry. A vendor focused on gaining new skills on the go is the most ideal.
- A strong portfolio
A strong portfolio will help you gauge their skillset and efficiency in executing tasks.
- Competitive pricing
While the aim is to reduce cost, aim for a vendor offering competitive pricing as opposed to one with the cheapest pricing.
The IT environment in Vietnam transformed the country into a software outsourcing destination. Numerous IT companies like Saigon Technology Solutions, Larion, Bestarion, HDWebsoft… have established admirable reputations in providing IT solutions using the latest technologies in the industry. Having proven itself over the years, the Vietnam software outsourcing industry is a worthy consideration for your IT solutions.