Outsourcing Software Development To Vietnam

It goes without saying that Covid-19 has had severe global economic effects and almost every industry and company has been left reeling in its wake.  But, if the virus has taught us anything, it’s that remote work is a viable and effective option for businesses, as almost everyone in the world was forced to work from home.  

Considering that we are amid the digital era with more possibilities for remote work than ever before, the time to outsource is now.   No longer are we limited by the bounds of geography, and for many companies, remote work has become the “new normal”.  Although Covid-19 has slowed international trade and tourism, the outsourcing of services, especially in software development, has expanded as companies are rapidly seeking to cut costs by streamlining and automating processes.

Ascension6 specializes in outsourcing all types of business operations within Vietnam, one of the fastest growing economies in the world.  Vietnam is one of the few countries currently without a single reported case of Covid-19 since April this year, despite bordering China, the epicenter of this pandemic.  In this turbulent time for businesses across the world, we see more than ever a growing need for customers to outsource to significantly decrease costs and still maintain high-level products and services. 

We, at Ascention6, offer comprehensive outsourcing solutions for all your business requirements, including software development, within the borders of Vietnam.  Vietnam is a relatively new player in the world of outsourcing but we here to tell you why it should be the number one option for all your outsourcing requirements, specifically within the software development industry.

WHAT IS OUTSOURCING SOFTWARE DEVELOPMENT?

Outsourcing software development is the process of hiring a third-party software development provider that can handle all the activities involved in your companies’ software development projects. By enlisting a specialized third party to assist with these specific projects, your company can remain focused on its more important tasks, namely focusing on your current customers, products and / or services.  This process can help your company save significant costs, enhance performance and mitigate risks.

WHY VIETNAM IS AN IDEAL PLACE FOR OFFSHORING SOFTWARE DEVELOPMENT?

Vietnam has one of the fastest growing economies in the world, and this is even more significant during a period of intense economic crisis for every country in the world.  Vietnam is one of the few countries that was able to eradicate Covid-19 early on and currently all businesses have resumed as normal.  Vietnam, although still affected by this global pandemic, has a strong and viable economy and a growing technology industry.  Vietnam’s young population, talented and highly skilled IT developers, and it’s stable political environment are some of the reasons why Vietnam should be your number one option for outsourcing.

YOUNG POPULATION:

It is estimated[1] that nearly 70% of Vietnam’s population are between the ages of 15 and 64.  Vietnam has a significantly young population, which means a young talented group of individuals ready to join the workforce.  In addition, thanks to the government’s dedication to education, Vietnam boats a literacy rate of 94.52%.

TALENTED IT DEVELOPERS:

Vietnam is an IT talent pool, from the 300 000 of students who graduate each year, about 50 000 students are specialized in Information and Communication technology[2].   Another indication of the promising fresh talent available for all your companies software development requirements. 

Again, thanks to the education system within Vietnam, Vietnamese IT developers start to study computer literacy at a very young age. Currently all secondary schools begin to teach pupils Computer Science, even coding,from grade 8. That means, when a young Vietnamese graduate leaves university they already have significant experience in development.  A large number of Vietnamese IT developers are considered ‘millennials’ (between the age of 22 to 35) and are therefore dynamic, eager to learn new things and can easily adapt to innovative technology.

STABLE POLITICAL ENVIRONMENT:

When it comes to outsourcing, an important factor to consider is the political climate within the country you are choosing to outsource from.  Vietnam’s stable political climate, is arguable one of the greatest advantages when offshoring your requirements within Vietnam. Vietnam’s political party has been in power for 30 years, and this stability has caused significant growth in its economy.  Vietnam’s GDP rate has increased over the last couple of years  from 5.25% to 7%. This is considered high for its geographic location. Vietnam is also stable religiously and ethnically, and it is a safe option for foreign entrepreneurs and companies to travel to Vietnam for the sake of business[3].  With under 300 cases of reported corona patients, and no deaths, it’s evident that the Vietnamese government, has far outdone many of its other ‘Western’ governments contemporaries in curbing the spread of the Corona virus, with swift action and dedication to its people. 

Vietnam should be without a doubt a preferred destination of choice when it comes to outsourcing your software development requirements.  We, at Ascension6, an international company with its headquarters in Australia provide professional, international standards of service and products to you.  We have a skilled team of professionals, who are ready to work with you to find tailor made solutions for all your software development requirements.  We aim to bridge the geographical gap, and provide a service that is not just an outsourcing team but a team that is an integrated part of your company, that fully understands your business requirements and is committed to your company values.    

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