- CNET NETWORKS UK BUSINESS SITES:
- atlarge.com
- BNET UK
- silicon.com
- SmartPlanet.com
- ZDNet.co.uk
But China and India to remain dominant...
By Andy McCue
Published: 10 July 2007 12:01 BST
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."
We believe that Accenture offers great opportunities for graduates, partly because of the work we do, and partly because learning and personal ...
Global Payroll company based in Oundle, Peterborough requires a Technical Test Manager to join its existing test team working alongside offshore ...
In the central ISE group there are 349 people (of which 191 are onsite in Europe and 158 are offshore in Turkey and India). Specific Job Requirements ...
CIO Agenda 2008
The exclusive silicon.com CIO Agenda 2008 survey looks at the CIO's tech shopping list for the year, examines whether IT budgets are rising or falling and reveals what the pain points are for tech chiefs this year. Find out more in our latest special report.
Stories from the web...
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
RSS Feeds
silicon.com Dear silicon.com... outsource vs insource, Naked CIO on open source, password overload… Reader Comments of the Week
silicon.com Dear silicon.com... iPlayer vs ISPs, rip off outsourcing, social networking… Reader Comments of the Week