
But China and India to remain dominant...
By Andy McCue
Published: 10 July 2007 12:01 GMT
Vietnam is tipped to become a more popular outsourcing destination than both China and India within the next five years.
The bold claim has been made by recruitment company Harvey Nash, which has just bought Ho Chi Minh-based recruitment business SilkRoad Systems for $1.8m.
Harvey Nash cited the fact Vietnam has the second highest GDP growth after China and that it's now the third largest offshore services destination in South East Asia.
Special Report: Inside India
In February silicon.com's Steve Ranger visited the Indian tech hotspots of Bangalore, Mumbai, Pune and Hyderabad. Click on the links below to see photo galleries of the cities and companies visited.
♦ Satyam's IT campus
♦ Hyderabad's tech parks
♦ Bringing tech to rural India
♦ High-tech on the streets of Pune
♦ Pune - the new Bangalore?
♦ Boom town Bangalore
♦ Bangalore's Electronics City
♦ SAP and Wipro in Bangalore
The Vietnamese labour pool also has around 80,000 IT graduates, a figure that is increasing by 9,000 per year. More than half of Vietnam's 84 million population is under 25 years old and 83 per cent of all graduates are science-based.
But Mark Kobayashi-Hillary, co-author of Global Services: Moving to a Level Playing Field, said Vietnam's growth still pales into comparison against China and India, which are each churning out 2.5 million graduates per year.
He said: "There would have to be unbelievable growth in Vietnam. But it's not really about one country competing with another. We are moving towards global services and the whole pie is getting bigger."
Outsourcing: Five hot trends
What's looming on the horizon in outsourcing? - from globalisation to green sourcing, click here to read our take on the trends to watch.
Companies already outsourcing IT services to Vietnam include Honda and Intel.
SilkRoad Systems CEO Marc Voss said in a statement: "With a growing and youthful IT workforce, low costs and high aspirations to develop its software services, Vietnam is a natural offshore location and has all the ingredients to become the leading market choice in the next few years."
Vietnam will become leading software outsourcing i...
Vietnam Software Outsourcing
You will have presales support from the UK and India. JOB TITLE: Sales Director/Sales Leader-Data Outsourcing SELLING: Data Management Outsourcing ...
Ability to manage geographically dispersed teams, including experience working with teams from India. Identify changes needed to the environments and ...
COMPANY INFORMATION - $2BN T/O - 54000 employees - Est 1975 - Floated 1991 on the Nasdaq - Compete with large offshore players - offices in 20 ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
William Benn Future-proof your outsourcing: Stay flexible Size demands can fluctuate, scalability is key to success
Saritha Rai Why are Indian outsourcing companies such bashful suitors? No mega-mergers despite billions on hand