Viet Nam tipped to become outsourcing hub
The tip was made on July 10 by Harvey Nash, a British recruitment company that recently acquired Ho Chi Minh-based recruitment business SilkRoad for 1.8 million USD.
The recruitment company said Viet Nam has the second-highest gross domestic product growth after China and the country is now the third-largest offshore-services destination in Southeast Asia.
The emerging position of Viet Nam as a new outsourcing hub was firmed up by a fast-growing information technology work force. The country’s labour pool has about 80,000 IT graduates with some 9,000 more graduates added every year.
More than half of Viet Nam’s 84 million population is under 25 years old and the number of science-majoring students account for 83 percent of the total number of graduates.
"With a growing and youthful IT workforce, low costs and high aspirations to develop its software services, Viet Nam is a natural offshore location and has all the ingredients to become the leading market choice in the next few years," said SilkRoad CEO Marc Voss in a recent statement.
Companies already outsourcing IT services to Vietnam include Honda Motor and Intel, the world leading chip producer that just invested 1 billion USD in a chip factory in southern Viet Nam.-(VNA)
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