Việt Nam has opportunities to attract, develop the offshoring market

Within the Asian-Pacific region, four markets – India, the Philippines, Malaysia and Việt Nam - offer the best offshoring locations around the world. For Việt Nam, the offshoring market revenue is expected to reach $840 million with a 2024-2028, CARG of 8.78%, the report said, citing statistics of Statista. Analysing the trends and main factors developing the outsourcing market, Knight Frank experts said that Việt Nam’ s affordable labour force is the main factor to attract outsourcing activities. A notable trend in the offshore market in Việt Nam is the shift toward high-value services such as software programming or research and development. Consulting firm A.T. Kearney ranks Việt Nam seventh in the Global Service Location Index (GSLI) for top outsourcing destinations.