Why Vietnam?
50% of the 85 million population is under 25 years old. English is taught as a main foreign language since secondary school.- Vietnam has a large and growing pool of talents. According to the Vietnam Economic Times, the literate rate of Vietnam is 96%. In addition, 80% of the graduates from Colleges and Universities are major in science. The number of IT graduates increases 30% every year.
- A highly educated and motivated workforce eager to learn with ‘Can do’ attitude and low labor costs are making Vietnam a perfect place for outsourcing or the setup of a Shared Service Center.
- Vietnam has one of the most politically stable environments in Asia.
- Legal environment has improved drastically over the last few years mainly due to Vietnam’s accession to World Trade Organization (WTO) since January 2007. Vietnam now allows foreign investment in much more industries and has created a fairer business environment.
- The country reached an average annual GDP rate of 8% the past several years, while GDP per head remains low compared to other popular outsourcing destinations such as India and the Philippines.
Why Ho Chi Minh City?
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- As one of the biggest ports (Saigon Port) in Vietnam, Ho Chi Minh City is the economic capital and the largest metropolis of Vietnam with the highest population density of the country (10% of the total population).
- High standard Infrastructure (IT, 1st Class office infrastructure, telecommunication, international network…) is now available and ready to operate in Ho Chi Minh City.
- With a large pool of talents companies experience in Ho Chi Minh City an attrition rate less than 10% yearly.
- According to Global Services/Tholons 2009 Study the city has reached Rank 4 in the ‘Emerging Global Outsourcing Cities’.
