Vietnam’s IT Outsourcing Industry Shows Big Potential ( source internet)
Vietnam plays a small role in global IT services today, but it has big potential to contribute more in coming years. Many Vietnamese IT outsourcing software companies including S3 Corp. and policymakers want to develop the human capital necessary for future success. They face challenges that will require clever solutions.
Vietnam's IT outsourcing - big potential in coming years
Vietnam’s IT outsourcing has a lot advantages to develop and achieve high position in global software industry in coming years. It is attractive skilled technology workers with a well-paid which compared to average national salary. Their wages are also attractive to international buyers. It offers great value across many IT service categories from basic testing and system maintenance to various applications. The proximity is a competitive edge of Vietnam’s IT outsourcing to access Japan and Korea markets where India or South America have challenges about the time differences and culture gaps. Vietnam also has a large diaspora that allows it to source clients, capital, and managerial expertise from around the world, including important IT markets like the U.S. and Europe.
However, to fully utilize those advantages, Vietnam's IT outsourcing industry need to overcome many challenges. The government understand this and give initiatives to improve the situation such as promote IT’s education, provide tax benefits, invest for digital infrastructure. While these initiatives can help, the private sector is still likely to drive progress fastest, especially improve education system.
Improve the quality of education
Firstly, with the students whoreceive adequate training, their hard skills—like understanding contemporary programming languages—tend to be excellent sufficient on hard skills, they still need to improve soft skills like critical thinking and communication, essential for interpreting client demands and presenting results. Improving foreign language is crucial to work with international clients.
Secondly, current policies to improve education, such as hiring more professors with advanced degrees. The environment should be more open and fair for changing. This will help Vietnam’s IT outsourcing attract more opportunities in term of human capacity and outside investment to drive the progress fastest.
Problems create solution, those obstacles encourage private sector to be dynamic and find ways to improve the system.
The stakes are high. Vietnam currently has a young population with a strong affinity for digital engagement. With the right training, this tech-savvy generation could transform Vietnam into a leading provider of IT services to the global market. For the time being, the country remains an unpolished gem.