It has been nearly two decades since the outsourcing wave entered Vietnam, opening up a lot of development opportunities. With the advantage of a large population, cheap personnel cost, and the knowledge-based university-training force increasing continuously over the years, Vietnam quickly gained a high position in the world’s outsourcing map.
Vietnam has risen to the 6th position on the list of the most attractive Outsourcing Destinations globally.
The increase in personnel cost in India and China has made the outsourcing cash flow pour to countries with cheaper personnel costs and one of which is Vietnam. Vietnam has been seriously investing in improving the capacity of its workforce, starting from the outsourcing, including professional knowledge, culture and English proficiency. A survey from Education First in 2017 has reported that Vietnam’s English proficiency ranked 7th in Asia, only 3 grades away from India. The background of workforce quality has been significantly improved as well.
Therefore, outsourcing activities in Vietnam are still being evaluated as a “lucrative” market, not only for businesses but also for workers.
Especially in the CAD Design & Drafting Services, Vietnamese engineers are becoming better-equipped with their expertise, understanding of international standards as well as English proficiency.
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