Vietnam's Favorable Conditions for Business
Let’s take a closer look at the reasons Vietnam has been popping up on “Best Of” lists from everybody from Tholons to Gartner.
Let’s take a closer look at the reasons Vietnam has been popping up on “Best Of” lists from everybody from Tholons to Gartner.
Here’s some good news for the software development industry: according to a new study, Vietnam may be the world’s next hotbed for IT professionals. Maths and science education in the Southeast Asian country is now meeting (and surpassing) international standards, a promising development for Vietnam’s young and ambitious workforce.
Don’t run howling for the door just yet. The intimidatingly vague phrase ‘be active’ can be expressed more helpfully in ten key points. Together they provide a practical guide to choosing the right software outsourcing partner for your needs.
Cushman & Wakefield (C&W), a New York-based commercial real estate giant, says in the report that, “the changing global landscape has created new trade winds in the BPO and Shared Service Centre world.” Such changes are evident to anyone with a finger on the pulse of the outsourcing industry in Asia, especially Vietnam. C&W’s 2015 report, titled Where in the World? Business Process Outsourcing and Shared Service Location Index, simply provides a data-driven confirmation of the anecdotal evidence.
In the late 1990s, the software industry began to undergo a radical change. Thanks to rapidly improving telecommunications technology, it finally became possible to shift large-scale IT operations to low-cost countries, primarily in Asia. Within a few years it no longer seemed unusual for a client in London to speak with a customer service representative in Bangalore, at any hour of the day.