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June 5 2015

Vietnam Tops Global Outsourcing Market List For The First Time

Vietnam has become the world 's top outsourcing location for the first time in terms of costs, risks, and operational conditions, according to new research from global real estate adviser Cushman & Wakefield (C&W). Vietnam has capitalised on increasing labour costs in China to take first place in the ranking, while India remains the world 's largest business process outsourcing market. Vietnam established its presence in the sector as a result of numerous government reform policies to promote the country as a key outsourcing destination. C&W predicts the service segment will expand rapidly given the average age of the country 's workforce is under 30 and one-and-a-half million people enter the labour market every year.