Thursday, October 11, 2007

Making strides as a global destination for foreign investments

Today, this nation takes pride in having more than 750 softwareMaking strides as a global destination for foreign investments firms, employing not less than 35,000 engineers. This economy is gradually becoming the best choice or outsourcing and service industry. Moreover, the operational (power, electricity & transportation) and labour costs is comparable to other outsourcing hubs around the world. With 94% literacy and more than 60% population falling into the working age group, Vietnam emerges as a competitive destination for outsourcing services. The soft ware sector itself is growing at around 41%, thus contributing largely to the economic success.


With pro-active governance, favourable demographics, outward orientation, on-going privatisation & an entrepreneurial climate, growth in the coming years remains broadly favourable.
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Source:
IIPM Editorial, 2006

An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative