The advantages of outsourcing in Vietnam.
The process, by which one company supplies services for another company, is known as outsourcing. It is a common trend in information technology and manufacturing services that have usually been considered intrinsic to handling a business. Outsourcing is also referred as the transfer of a business function to an external service supplier.
Vietnam is an excellent place for your outsourced projects and outsourcing business functions. The advantages of outsourcing in Vietnam can not be described in a single phrase. For discussions about the advantages of outsourcing in Vietnam, the following factors can be taken into account.
The first advantage of outsourcing in Vietnam is price. Labor cost in Vietnam is less than 90 percent than in the U.S, which will significantly save the cost for your outsourced processes.
Compared to other outsourcing locations, labor costs in Vietnam is more pleasing. The second advantage is labor force. The government of Vietnam distinguishes and encourages the grandness of education and training. There were more than 200 institutions for higher education in the Vietnam in the 2004, which had increased by 60 percent in the past six-year period.
Vietnam’s highly educated population has higher level of scientific and technical literacy, this feature makes Vietnam an exceptional location for outsourcing projects.
The third advantage is social economic stability. In Asia-Pacific, common outsourcing locations are often provoked by instability. But, Vietnam is a stable country.
It makes a friendly business environment for outsourcing. Other advantages of outsourcing in Vietnam include, economic stability, religious stability, political stability, business environment and of course language. Vietnamese uses the Latin alphabet, as English does, which is not like many Asian languages. This makes it comparatively easy for Vietnamese speakers to learn English.
All the advantages described above, can clear the advantages of outsourcing in Vietnam. Vietnam is an excellent destination, which can meet any business’ outsourcing needs.
