Offshore developers in Vietnam for Singapore company? Why and Why not?

Inspius is a tech recruitment company. We have been helping onboard hundreds of tech talents in Vietnam for Singapore companies since 2013. While partnering with Singapore tech firms, we noticed they often shared a similar concern: “Are offshore developers in Vietnam suitable for my business?”. By the end of this article, you should be able to answer this question.

Why Vietnam?

In recent years, Vietnam has been recognized as one of the fastest-growing economies in the South East Asia region. In 2019 alone, the country received over 38.2 US$ billion of foreign direct investment (FDI), which increased by 7.2% compared to 2018. Vietnam is also Singapore’s strategic economic partner for years:

• Singapore was Vietnam’s third-largest investor in 2019, with a total investment of US$4.5 billion.
• Singapore’s Direct Investments Abroad (DIA) into Vietnam has more than tripled in the last decade.
• The seven Vietnam-Singapore Industrial Parks (VSIPs) have attracted over US$12.9 billion in investment from more than 800 companies as of 2018.

What are hidden factors turning Vietnam into Southeast Asia’s next growth story? According to techinasia.com, one of them is Vietnam’s tech talent.

• ~30,000 IT companies
• ~80,000 IT universities graduates every year

Those resources provide a giant workforce for IT-related industries, and also make Vietnam a potential country to hire offshore developers.

Why hire offshore Vietnam developers

Singapore media had already portrayed Vietnamese’s youth as:

• Ambitious and smart
• Tech-savvy
• Talented, especially in technology

They also predicted Vietnam would become a talent hub for tech businesses within a few years, and tech startups would be booming in Vietnam. Now that prediction was proven. Vietnam software companies and tech startups regularly appear in business journals like techinasia.com, e27.co, or businessinsider.sg. These movements have shaped a unique working culture in the Vietnam software engineer community.

Based on our years of experience in helping connect Singapore companies with Vietnam tech talents, we have identified some great qualities of Vietnam software engineers:

• Smart and equipped with a strong math base due to Vietnam’s education policy.
• Tech-savvy and highly exposed to the latest technology, thanks to Vietnam technology advancement.
• Highly responsible and entrepreneurial-minded.
• A hard-working, creative, and meticulous working style that they inherited Vietnam culture.

All these have made a strong base for businesses hiring offshore developers in Vietnam.

Hire offshore developers in Vietnam, what’s the catch?

Having a pool of tech talents means nothing if you fail to plan what you are looking for first. If you want to start hiring offshore developers in Vietnam, take a look at the following points mentioned in our previous article 7 points to look out for when your company wants to hire Vietnam software engineers:

• Language
• Working Culture
• Turn Over
• Productivity
• Legal
• Intellectual Rights
• Admin

An in-depth understanding of what you are looking for and what challenges you will have to solve in advance will help you process faster and be able to find the gold in the sand.

In case you are finding a local Singapore partner that can help you employ the right tech talents for your software engineering team, Inspius has more than eight years of experience in the field and is always ready to assist you to grow your business. Drop us an inquiry to discuss how we can help!