Vietnam is Becoming The Ideal Destination for Australian Financial Institutions to build Digital Hubs
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Vietnam is Becoming The Ideal Destination for Australian Financial Institutions to build Digital Hubs
tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
HO CHI MINH CITY,Vietnam, June 20, 2023 /PRNewswire/ Vietnam has solidified its position in the global IT outsourcing industry, renowned for its favorable factors in socioeconomics, tech infrastructure, talents, and labour costs. Its growing reputation attracts tech-incentive finance companies to entrust their IT operations to the country. Vietnam's IT outsourcing sector has surged at 13.31% annually, poised to reach $881.90M by 2027. Kearny's Global Service Location Index ranks Vietnam among the top 6 best locations for IT outsourcing, citing its favourable business environment, strong technology ecosystem, availability of a highly skilled IT workforce, and cost efficiency. This makes it a perfect choice for global enterprises, including Australian entrepreneurs, looking to establish digital hubs for software development, data analytics, and digital testing. Vietnam's high-octane economy, with a strong focus on fintech, has invested $639M in digital transformation, resul