HCMC Named One of the Top Emerging Locations for Outsourcing

February 11, 2009 Posted by Vietnam Briefing Reading Time: < 1 minute

Feb. 11 – A global service survey has named HCM City as one of the world’s top ten emerging locations for outsourcing in 2008.

The top 50 Emerging Global Outsourcing Cities survey was conducted by Tholons, a strategic advisory firm for global outsourcing and research.

Ho Chi Minh City was ranked at fourth place in terms of application development and maintenance, product development and testing.

The city’s biggest firms for outsourcing include FPT Software, IBM, Luxoft and Vietnam Software Outsourcing which hire most of their employees from the HCM City National University and the University of Technical Education.

The survey’s top spots were taken by Cebu City in the Philippines at first place and China’s major cities of Shanghai and Beijing taking second and third place respectively.

The other countries in the top ten were Krakow (Poland), Kolkata (India), Cairo (Egypt), Sao Paulo (Brazil), Buenos Aires (Argentina) and Shenzhen (China). Vietnam’s Hanoi City came in at 11th place in the survey.

The study analyzed results from surveys and interviews with top outsourcing companies to predict the emerging hotspots for the industry. The results of the survey looked at various criteria, including scale and quality of the workforce, education, cost, infrastructure, risk profile and quality of life.