logging in or signing up Vietnam Emerging Destination For IT Outsourcing imtsolutions Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 136 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 15, 2010 This Presentation is Public Favorites: 0 Presentation Description The presentation highlights key points why Vietnam is emerging as a new destination for software outsourcing. Comments Posting comment... Premium member Presentation Transcript PowerPoint Presentation: Vietnam as an Emerging Destination for IT OutsourcingVietnam At A Glance: Vietnam At A Glance Population : 87+ millions The 13th most populous country Size: 331,212 km 2 Main cities Ha Noi (Capital), Ho Chi Minh city (Business hub), Hue (Ancient Capital), Da Nang, Can Tho New powerhouse of Southeast Asia Fastest economy with average GDP growth rate 6.9 % for 2006-2010 Workforce: 45+ millions FDI: $64B in 2008, $20+B in 2009Evaluation of Vietnam as a Destination for IT Outsourcing: Evaluation of Vietnam as a Destination for IT Outsourcing Economic Environment Political Environment Legal Environment Social EnvironmentEconomic Environment: Economic Environment One of the most stable and secure economies WTO member since 2007 Annual GDP growth rate is 6 - 8.5% 2000-2008 , 6.4% 2010 Attracted $64B USD FDI in 2008 Vietnam GDP Growth Rate Source: WorldBankEconomic Environment: Economic Environment Attractive cost for IT outsourcing 30% less expensive than India and 50% less expensive than Eastern Europe (source: NeoIT 2006 and Ukrainian Hi-Tech Initiative 2007) ICT industry is young but developing fast 4,000 ICT companies with 300,000 employees 850 software companies with 45,000 employees Vietnam IT Market ($B USD) Source: HCA & Vietnam Ministry of Information & Communications Source: Internet World Stats Internet PenetrationPolitical Environment: Political Environment Vietnam has a very stable political system No conflict with any neighbor country since 1979 No ethnic and religious conflict Government commits to support high tech industry Investing in human resource development Granting tax incentive for software companies Reducing telecom cost Setting up software parks Saigon Software Park, Quang Trung Software City, Da Nang Software Park…Legal Environment: Legal Environment Legal system improvement on-track to meet WTO commitments Intellectual Property Protection being improved Software privacy reduced 7% from 2004 to 2009Social Environment: Social Environment Young, hardworking and fast learning workforce 60% of population under 30 Literature rate higher than 90% English taught as a main foreign language since grade 6, secondary school Larger pool of talents 30+K IT graduates annually 400 universities and colleges with IT training programs (3-5 years) National IT Human resource development plan aims to have 600,000 IT professionals by 2015 and 1 millions IT professionals by 2020 ( source VINASA ) Attrition is less than 10% Global Services cited Ho Chi Minh city in top 50 outsourcing cities for its large labor pool and “significantly low attrition rates” (Tholons 2006)Emerging as High Tech Center: Emerging as High Tech Center Gartner selects Vietnam in 10 leading locations for offshore services in the Asia/Pacific & Japan region for 2010 A.T . Kearney lists Vietnam in top 10 for Global Services Location Index of 2009 and 2011 KPMG selects Ho Chi Minh city as location to watch for next outsourcing boom (Feb 2009) Tholons (2007, 2008, 2009) selects Ho Chi Minh city in top 10 of emerging outsourcing cities Ho Chi Minh City is recognized as established global outsourcing city for Product Development and Software Testing Source: Tholons & Global Services 2009Emerging as High Tech Center: Emerging as High Tech Center Intel invests $1B USD in a chip plant in SHTP (Saigon High Tech Park) IBM opens global delivery centers and innovation center in Vietnam (2008, 2009) IDG set up $600M USD investment fund for Vietnam software industry HP set up R&D center hiring 1000 engineers Fortune companies chosen Vietnam for their IT outsourcing services EA, IBM, Oracle, Juniper Networks, Microsoft, Alcatel-Lucent, Flextronics, NEC, NTT, Hitachi , Toshiba, Fujitsu, Renesas, FoxconnEmerging as High Tech Center: Emerging as High Tech Center Eastern Europe IT outsourcing companies open delivery centers (such as Luxoft ) Indian rivals Aptech , NIIT and Tata Consultancy Services opened training centers to address the growing market Top 3 fastest growing telecom market in Asia 110% mobile phone penetration (2010) 3 top 100 global mobile service providersWhy Vietnam for IT Outsourcing: Why Vietnam for IT Outsourcing One of the most stable and secure economies Large pool of talents Competitive cost Strong government support Emerging as a high-tech centerAbout IMT Solutions: About IMT Solutions Software Outsourcing Company with delivery center in Vietnam Sale representatives and partners in Denmark, Singapore, Japan and US Good people with strong management team Executives used to lead Offshore Centers for Fortune companies with 500+ engineers 120+ engineers 1 Microsoft Most Valuable Professional, 3 PMP, 4 Certified Scrum Master Business focus Android & iPhone App Development Web Development International business practices Member of Danish International Development Agency’s B2B program OHS, CSRPowerPoint Presentation: For more information, please contact IMT Solutions Email: sales@imt.com.vn Skype: imtsolutions YIM: imtsolutions Tel: +84 8 3811 7742 Fax: +84 8 3811 6980 Web site: www.imt-soft.com You do not have the permission to view this presentation. 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Vietnam Emerging Destination For IT Outsourcing imtsolutions Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 136 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 15, 2010 This Presentation is Public Favorites: 0 Presentation Description The presentation highlights key points why Vietnam is emerging as a new destination for software outsourcing. Comments Posting comment... Premium member Presentation Transcript PowerPoint Presentation: Vietnam as an Emerging Destination for IT OutsourcingVietnam At A Glance: Vietnam At A Glance Population : 87+ millions The 13th most populous country Size: 331,212 km 2 Main cities Ha Noi (Capital), Ho Chi Minh city (Business hub), Hue (Ancient Capital), Da Nang, Can Tho New powerhouse of Southeast Asia Fastest economy with average GDP growth rate 6.9 % for 2006-2010 Workforce: 45+ millions FDI: $64B in 2008, $20+B in 2009Evaluation of Vietnam as a Destination for IT Outsourcing: Evaluation of Vietnam as a Destination for IT Outsourcing Economic Environment Political Environment Legal Environment Social EnvironmentEconomic Environment: Economic Environment One of the most stable and secure economies WTO member since 2007 Annual GDP growth rate is 6 - 8.5% 2000-2008 , 6.4% 2010 Attracted $64B USD FDI in 2008 Vietnam GDP Growth Rate Source: WorldBankEconomic Environment: Economic Environment Attractive cost for IT outsourcing 30% less expensive than India and 50% less expensive than Eastern Europe (source: NeoIT 2006 and Ukrainian Hi-Tech Initiative 2007) ICT industry is young but developing fast 4,000 ICT companies with 300,000 employees 850 software companies with 45,000 employees Vietnam IT Market ($B USD) Source: HCA & Vietnam Ministry of Information & Communications Source: Internet World Stats Internet PenetrationPolitical Environment: Political Environment Vietnam has a very stable political system No conflict with any neighbor country since 1979 No ethnic and religious conflict Government commits to support high tech industry Investing in human resource development Granting tax incentive for software companies Reducing telecom cost Setting up software parks Saigon Software Park, Quang Trung Software City, Da Nang Software Park…Legal Environment: Legal Environment Legal system improvement on-track to meet WTO commitments Intellectual Property Protection being improved Software privacy reduced 7% from 2004 to 2009Social Environment: Social Environment Young, hardworking and fast learning workforce 60% of population under 30 Literature rate higher than 90% English taught as a main foreign language since grade 6, secondary school Larger pool of talents 30+K IT graduates annually 400 universities and colleges with IT training programs (3-5 years) National IT Human resource development plan aims to have 600,000 IT professionals by 2015 and 1 millions IT professionals by 2020 ( source VINASA ) Attrition is less than 10% Global Services cited Ho Chi Minh city in top 50 outsourcing cities for its large labor pool and “significantly low attrition rates” (Tholons 2006)Emerging as High Tech Center: Emerging as High Tech Center Gartner selects Vietnam in 10 leading locations for offshore services in the Asia/Pacific & Japan region for 2010 A.T . Kearney lists Vietnam in top 10 for Global Services Location Index of 2009 and 2011 KPMG selects Ho Chi Minh city as location to watch for next outsourcing boom (Feb 2009) Tholons (2007, 2008, 2009) selects Ho Chi Minh city in top 10 of emerging outsourcing cities Ho Chi Minh City is recognized as established global outsourcing city for Product Development and Software Testing Source: Tholons & Global Services 2009Emerging as High Tech Center: Emerging as High Tech Center Intel invests $1B USD in a chip plant in SHTP (Saigon High Tech Park) IBM opens global delivery centers and innovation center in Vietnam (2008, 2009) IDG set up $600M USD investment fund for Vietnam software industry HP set up R&D center hiring 1000 engineers Fortune companies chosen Vietnam for their IT outsourcing services EA, IBM, Oracle, Juniper Networks, Microsoft, Alcatel-Lucent, Flextronics, NEC, NTT, Hitachi , Toshiba, Fujitsu, Renesas, FoxconnEmerging as High Tech Center: Emerging as High Tech Center Eastern Europe IT outsourcing companies open delivery centers (such as Luxoft ) Indian rivals Aptech , NIIT and Tata Consultancy Services opened training centers to address the growing market Top 3 fastest growing telecom market in Asia 110% mobile phone penetration (2010) 3 top 100 global mobile service providersWhy Vietnam for IT Outsourcing: Why Vietnam for IT Outsourcing One of the most stable and secure economies Large pool of talents Competitive cost Strong government support Emerging as a high-tech centerAbout IMT Solutions: About IMT Solutions Software Outsourcing Company with delivery center in Vietnam Sale representatives and partners in Denmark, Singapore, Japan and US Good people with strong management team Executives used to lead Offshore Centers for Fortune companies with 500+ engineers 120+ engineers 1 Microsoft Most Valuable Professional, 3 PMP, 4 Certified Scrum Master Business focus Android & iPhone App Development Web Development International business practices Member of Danish International Development Agency’s B2B program OHS, CSRPowerPoint Presentation: For more information, please contact IMT Solutions Email: sales@imt.com.vn Skype: imtsolutions YIM: imtsolutions Tel: +84 8 3811 7742 Fax: +84 8 3811 6980 Web site: www.imt-soft.com