[Vietnam News, 28 March 2015.] Below is an abridged version of an article that was published in Vietnam News titled, Vietnam tops outsourcing location index. The article is dated 28 March 2015.
HCM CITY (VNS)— Viet Nam has become the world’s top outsourcing location for the first time in terms of costs, risks and operating conditions, according to a study by global real estate consultant Cushman & Wakefield (Cushman and Wakefield is an AusCham Member).
Cushman & Wakefield’s annual global report “Where in the World? Business Process Outsourcing (BPO) & Shared Service Location Index” assesses factors likely to affect the successful operation of BPO functions around the world…
The country’s government has put in place policies to promote the country as an outsourcing destination, with the services segment expected to expand rapidly.
According to Cushman & Wakefield’s head of research and valuation in Viet Nam, Jonathan Tizzard, the report demonstrates the success that the Vietnamese Government has had in providing a stable business environment along with policies encouraged to raise the education and professional standards of its young and ambitious population.
Viet Nam is witnessing an influx of foreign direct investment currently, and when a flurry of free trade agreements are signed this year or next, this is expected to increase.
In addition, Government legislation making it easier for foreign companies to invest and do business in Viet Nam comes into effect in mid-2015, suggesting Viet Nam is a country that will continue to dominate headlines in the business press for the foreseeable future…
***To read the full, unabridged article in the Vietnam News, click here.