In recent years, Vietnam has become an emerging market for software development outsourcing in the global tech community. Competitive outsourcing costs combined with a highly skilled IT workforce and top tech talents make Vietnam an attractive choice for companies that are looking to outsource their software and mobile application development projects.
In addition, prominent US tech companies such as Intel, IBM, and Microsoft, etc. have been actively and continually investing in Vietnam. Many tech companies from other developed countries such as Japan or Australia have already set up offices and hiring software developers to work on their projects in Vietnam in the past few years. The trend is becoming more and more popular.
In this article, we will focus on the current state of the Vietnam IT industry as well as identifying the main benefits of outsourcing IT projects to Vietnam, in order to help you make an informed decision choosing your ideal outsourcing vendor.
THE BENEFITS OF OUTSOURCING SOFTWARE DEVELOPMENT PROJECTS TO VIETNAM
Vietnam Software Development Company has achieved great results and is getting recognized around the world for their high-quality work and creative ideas, the economy in Vietnam is still at the developing stage and playing catch up with other developed countries. This particularly makes hiring software developers in Vietnam extremely beneficial: On-shore tech companies receive high-quality IT works at a price that is much lower than the average rates in their own countries.
And reasonable rates are not the only noticeable benefit that entices companies to outsource their business to Vietnam. Here are other reasons to outsource to Vietnamese software companies:
Young, dynamic, and well-educated workforce
Many developed countries have been suffering from the problem of tech talent shortage for quite a while now. By contrast, Vietnam is now going in the opposite direction — the number of talented IT developers has been constantly growing. Tech corporations can benefit from these tendencies — by choosing skilled software developers from the vast tech talent pool in Vietnam and cooperate with them through the extended team model.
High-Quality Technical Education
The quality of technical education at as well as self-studying and research is getting higher and higher at Vietnamese universities day by day. Education is one of the main reasons Vietnamese tech workers rank among the best software developers in the world.
Convenient Travel Location
The time difference between Vietnam and other Asian countries is one to a few hours on average, which is practically negligible for efficient daily communication. Moreover, traveling in Asia is very convenient.
There are also direct connecting flights with major European and US cities available throughout the day. Although travel time takes obviously longer, a maximum time difference of below 24 hours still makes it possible to set up efficient cooperation with the help of daily sync-ups and flexible working hours.
Cutting-edge technologies
Vietnamese tech workers always keep up-to-date with the newest technology for instance Blockchain, Internet of Things (IoT), Machine Learning, Cloud Computing, etc., and are not afraid of new challenges. Furthermore, Vietnamese developers possess strong technical skills as well as hands-on experience working with complicated large scale IT projects that are being used by millions of people worldwide.
English Proficiency
According to EF Education, Vietnam ranks 29th on EF Education First’s English Proficiency Index overall, ranking at 5th place among Asian countries. Educational institutions in Vietnam have also been implementing teaching English as a second language on campus (rather than just a foreign language). This will definitely help increase student mobility and international workforce collaborations.
English skills among Vietnamese IT professionals are usually higher than the country’s average. This, and many other factors, undeniably makes Vietnam one of the leading IT outsourcing destinations worldwide.
Affordable and reliable
The shortage of talent is a common reason for firms to boost their onshore labor costs. Consequently, many companies often outsource to Southeast Asian countries to reduce the cost. Vietnam is in the spotlight when it comes to cost reduction since the average salary in Vietnam is lower than others, has a dependable and reliable workforce.
