For the first time, Vietnam shares the top 10 outsourcing stage with giants like India and China. Since 2004, A.T. Kearny Consulting began publishing a Global Services Location Index that captures top 50 off-shoring countries in the world. Rankings are based on three basic categories: financial attractiveness, people and skills availability, and business environment. This … [Read more...] about Vietnam Makes the Cut for Top 10 Outsourcing Locations
Trends
Vietnam, A Growing Population of Consumers
For years now, I've been hearing that there is a growing middle class in Vietnam. So people are getting richer, but how will this affect Vietnam's economy? Well, when you have more money, you'll spend more, a lot more! A recent study by Vietnam's General Statistics Office shows that Vietnam's retail sales growth outstripped GDP growth from 1997 to 2007. Over ten years, … [Read more...] about Vietnam, A Growing Population of Consumers
Vietnam’s Economic Outlook
For almost a year now, all we seem to be hearing on the news is how bad the economy is. There are rising unemployment here and bankruptcies there. So how has the economic downturn in the US, Europe and other major economies affected Vietnam? In a new article by Dr. Long S. Le of University of Houston, he writes that Vietnam is more vulnerable than ever with its growing links to … [Read more...] about Vietnam’s Economic Outlook
European Chamber of Commerce Says Vietnam is Safe for Overseas Investors
President of the European Chamber of Commerce, Alain Cany, affirms that Vietnam remains an important economic partner to Europe. Here are a few examples: European companies currently have 796 investment projects in Vietnam - combined capital of $12 billion. Bilateral trade between the European Union (EU) and Vietnam is worth $76 billion, $50 billion of which are Vietnamese … [Read more...] about European Chamber of Commerce Says Vietnam is Safe for Overseas Investors
The Healthy and the Rich: Where Vietnam Stands
The chart below, compiled from statistics from the United Nations, shows where Vietnam stands with the rest of the world in terms of health and wealth. Health is measured by deaths before 5 years old and wealth is measure by Gross National Income. Where Vietnam stands may surprise you. … [Read more...] about The Healthy and the Rich: Where Vietnam Stands