Vietnam is Asia’s potential tiger, say int’l experts

Vietnam is very likely to become the next destination for outsourcing multinational companies, following China and India, according to a report on Vietnam by international experts posted recently on the site www.outsourceportfolio.com.

The report says that in the past decade Vietnam has had one of the world’s highest rates of growth, second only to China, and this trend is likely to continue in the future. The country has been successful in creating dynamic export markets, the report adds.

The report provides specific examples of the dynamic development of Vietnam’s information technology (IT) industry, which was one of its highest growth industries from 1995 to 2008, attracting almost US$2 billion in investment from 332 foreign IT companies.

The survey underlines the role of the Vietnamese Government in promoting privatization, investing in the software and digital content industry, protecting copyrights, improving infrastructure and developing human resources.

It attributes Vietnam’s attractiveness to the country’s moderate to low risk level and its political stability.

Tags: Vietnam technology