Why Vietnam?

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Feel free to send us the “Request For Proposal” to sales@tinhthongsoft.com to start the free trial program.


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Contact Information

172/5 Nguyen Cuu Dam St.,
Tan Phu Dist., HCMC. Vietnam
tinhthongsoft
(+84) 8 3812-3048
info@tinhthongsoft.com

Why Outsource To Vietnam?

Vietnam at a Glance

  • Population: 90+ millions
    • The 13th most populous country
  • Size: 331,689 km2
  • Main cities:
    • Ha Noi – Capital
    • Ho Chi Minh City – Business hub.
    • Hue – Ancient Capital
    • Da Nang – Central hub
    • Can Tho – Mekong Delta hub.
  • New powerhouse of Southeast Asia
    • Fast economy with average GDP growth ratevietnam-gdp-growth-annual
    • Workforce: 45+ millions.

Large Pool of Talents

  • 400 universities and colleges with IT training programs (3-5 years)
  • 50K IT students graduate annually.

Attractive Cost for IT Outsourcing

  • Labor cost in Vietnam is very favorable compared to other outsourcing destinations. Vietnam’s salaries for both IT outsourcing and BPO are over 30% less expensive than India and 50% less expensive than Eastern Europe (source: NeoIT, 2006 and Ukrainian Hi-Tech Initiative, 2007).
  • Ho Chi Minh City, where TTS located, is also reported as one of the top outsourcing cities by Global Services – Tholons from 2007 to 2012; and NeoIT, 2006. In the reports, Ho Chi Minh City is scored among the lowest cost (scored 5/5, 5 is the best score) while well rated for IT application development and software testing services.

Emerging as High Tech Center

  • Intel invests 1B USD in a chip plant in Saigon High Tech Park in Ho Chi Minh City
  • Samsung invests 2.2B USD. In 2013, nearly 50% of Samsung mobile phones manufactured in Vietnam.
  • IDG set up 600M USD investment fund for Vietnam software industry.
  • Fortune companies chosen Vietnam for their IT outsourcing services:
    • IBM, Oracle, Juniper Networks, Microsoft, NEC, Panasonic, HP, CSC, Avaya, Ericsson, EA, etc.clients

Strong Government Support for software industry

  • Intellectual Property Protection is being improved.
  • Setting software parks: Saigon Software Park, Quang Trung Software City, Saigon High Tech Park, Da Nang Software Park, etc.
  • Corporate income tax incentives for newly set up IT enterprises:
    • Tax rate at 10% in 15 years
    • Tax exemption for no more than 4 years; 50% reduction of payable tax amounts for no more than 9 subsequent years. (Law on Corporate Income Tax, No 14/2008/QA12, Article 13, 14)