Vietnam to Become an Outsourcing Hot Spot in the Next 5 Years

Hanoi, Viet Nam (PressExposure) March 12, 2009 -- Vietnam is a developing country in the Asia with a population of 85 million and GDP per capita of $1000. Over the past few years, the IT sector in Vietnam has always had a surprising growth. This emerging IT environment is considered to overcome India and China to be the top leading nation of software outsourcing.

"Vietnam is the 3rd largest outsourcing marketplace with 80,000 IT workers and this number is increasing by 9,000 annually. Moreover, a half of this country's population (84 million) is under 25 years old." Said Harvey Nash, the US's software outsourcing service provider which has just bought up SilkRoad Systems in HCM city with $1.8M.

Meanwhile, Mark Kobayashi-Hill, author of "Global Services: Moving to a Level Playing Field", said that the development speed of Vietnam is nothing in comparison with 2.5M annual graduates in China and India. "Vietnam might have an incredible growth, but might not a powerful competitor. Companies are looking forwards to global open services, that is why the outsourcing cake is getting bigger but each piece is getting smaller." He added.

Vietnam's software outsourcing sector has reached a growth of 40% over the past 5 years and is estimated to keep this rate until 2010 with $1000M turnover. There are about 750 software companies with 35,000 IT employees in this country. Of which, about 150 companies are operating in outsourcing sector with size of 100-150 employees.

Marc Voss, managing director of SilkRoad believes that "with young, low cost, ambitious human resource, Vietnam gathers all the necessary conditions to be top leading outsourcing center in the next few years"

About ATT Software, JSC

Dinh Cong Tuan is now working for a leading IT solution provider in Vietnam. If you want to know more a bout the rapid development of IT sector in Vietnam, please visit our website: []

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Press Release Submitted On: March 12, 2009 at 8:41 pm
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