Today, technology is evolving at a lightning speed. The new technology of this year could probably become obsolete in the next year. The competition is fiercer than ever. So, companies need to quickly adapt to new business trends, moving towards a more efficient business model with the aim of minimizing costs. And now, outsourcing is a viable solution to stay ahead of the competition.
What is outsourcing and How does it work? Outsourcing services are becoming more and more popular with businesses choosing to outsource their development projects. Outsourcing is very promising for business organizations looking to gain a competitive edge by working with high-quality human resources with lower costs.
Although India and China are 2 hot spots for any tech company to get software outsourcing services. Their outsourcing costs are not as efficient as they used to be. So, they are no longer the only major destination in Asia looking for outsourcing companies. Vietnam is not out of that trend. This country has caught up and has attracted a large amount of attention from foreign businesses recently. If you are looking for the reason why you should outsource software in Vietnam, let’s check the previous article: Top 5 Reasons Why You Should Outsource To Vietnam.
And today, Outsourcing Vietnam will discuss the opportunities and challenges of outsourcing services in Vietnam. Let’s discover it.
Although Vietnam is striving to become an ideal destination for software outsourcing, there are still many challenges to face. According to the World Economic Forum’s Global Human Capital Report 2017, Vietnam is ranked 64th out of 130 countries.
For companies wishing to set up large-scale outsourcing, that can be a little tricky. For this challenge, Vietnam still needs some time to be able to meet such infrastructure.
Also, having fewer vendors means fewer options for your business.
However, with the goal of reaching 1,000,000 software engineers by 2020. The Government of Vietnam has revised many laws and issued many circulars to support the development of technology.
So, if you are a startup, an enterprise, or an organization looking to export IT projects to Vietnam and connect with domestic human resources, Outsourcing Vietnam is proud to be a trusted partner providing outsourcing solutions for areas such as software development and digital transformation. In addition, Outsourcing Vietnam also helps thousands of global partners to recruit talented people.
Despite those challenges, there are optimistic signals that may be changing for the better. For example, STEM fields (science, technology, engineering and mathematics) are being focused on further development in Vietnam.
To capture a better understanding of the challenges and opportunities, building close connections with outsourcing companies in Vietnam is recommended for any organization and company looking for a software development agency here. It will be beneficial for businesses to optimize hiring, get an overview of the political landscape, economic situation, and to ensure appropriate licenses and documents.
Although Vietnam software outsourcing is considerably new, its remarkable growth has shown that the country is a promising market for companies looking for software outsourcing services.
Vietnam has accelerated GDP growth, high-tech human resources, modern technology infrastructure, and high employee retention rate. This city is making the way to attract global companies and also develop its already strong IT infrastructure.
The growing economy, stable government, and well-educated young workforce are all positive points that can describe Vietnam.
Vietnam software development outsourcing companies here can provide expert programmers for mobile, web and IoT application development. Many companies also specialize in offshore software development topics such as business intelligence, QA, big data, , and software testing.
Hanoi, Ho Chi Minh City, and Da Nang are highly competitive outsourcing destinations for Vietnam software outsourcing services.
These three cities have shaped Vietnam’s digital transformation over the past decades. And they are now leveraging the high skill level of their young population to provide growth opportunities for companies of all sizes, from small to large companies.
Hanoi is not only the capital of Vietnam but also the cultural, social, and educational center, where have the most technology industries in the country. It is the second-most densely populated and economically developed city, with most of the country’s government institutions.
In addition, more than 40,000 students are attending Hanoi University of Science and Technology, one of the leading universities in Vietnam, and more than 10,000 software engineers graduate here every year.
Ho Chi Minh City is the financial center of Vietnam and is the largest city in terms of population and economic development.
Besides, it’s high-rated as one of the most attractive cities to work and live for software engineers. And, this city is expected to be the Silicon Valley of Vietnam in the next 10 years.
Da Nang has been a famous tourist destination in Vietnam over the years. However, this city is also one of the most prestigious places in Vietnam. This city provides a wide range of talented software engineers in Vietnam.
Furthermore, as tech centers, all three cities have a community of tech-savvy, talented engineers and software developers who are driving the country’s development as an ideal destination for overseas outsourcing. An increasing number of overseas-trained IT professionals are returning to Hanoi, Ho Chi Minh City or Da Nang and apply their expertise to develop IT infrastructure.
Hopefully, the article Vietnam software outsourcing: Opportunity or Challenge? has brought valuable information of technology for you.
If you are looking for all information about Vietnam software outsourcing, check out our previous article here: Everything you need to know about outsourcing services in Vietnam.
Outsourcing Vietnam belongs to the Outsourcing Services Department of NetbaseJSC, which is located in the heart of Hanoi. Outsourcing Vietnam was born with the goal of becoming the largest recruitment network for outsourcing software and IT developers in Vietnam.
So, if you are looking for a trusted partner in providing talented personnel to get work done on outsourced projects in Software Development and Digital Projects, let’s share your project with us. We are committed to providing customers with high quality, cost-effective and time-effective outsourcing services.
Thank you and best regards.