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Source: VNECONOMY An online article for CNET News has predicted thatViet Nam is to become a more popular outsourcing destination than bothChina and India within the next five years. The tip was made on July 10 by Harvey Nash, aBritish recruitment company that recently acquired Ho Chi Minh-basedrecruitment business SilkRoad for 1.8 million USD. The recruitment company said Viet Nam has thesecond-highest gross domestic product growth after China and thecountry is now the third-largest offshore-services destination inSoutheast Asia. The emerging position of Viet Nam as a newoutsourcing hub was firmed up by a fast-growing information technologywork force. The country’s labour pool has about 80,000 IT graduateswith some 9,000 more graduates added every year. More than half of Viet Nam’s 84 million populationis under 25 years old and the number of science-majoring studentsaccount for 83 percent of the total number of graduates. “With a growing and youthful IT workforce, low costsand high aspirations to develop its software services, Viet Nam is anatural offshore location and has all the ingredients to become theleading market choice in the next few years,” said SilkRoad CEO MarcVoss in a recent statement. Companies already outsourcing IT services to Vietnaminclude Honda Motor and Intel, the world leading chip producer thatjust invested 1 billion USD in a chip factory in southern Viet Nam.
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