Vietnam ranks ninth among the top 10 nations for outsourcing in the world, according to a recent survey by the Tholons - Global Services Group.

HCM City continues to be selected by Tholons - Global Services as one of the world’s six leading cities in application development and management as well as game and cartoon development.
This is also the second consecutive year HCM City has entered the top 50 emerging outsourcing cities. In 2006, the city was named in the list for low labour costs and high standards in the IT sector.
Tholons/Global Services rankings are based on six criteria, including the proportion and quality of human resources, labour costs, trade promotion activities, infrastructure, risk levels and living standards.
The Vietnam Software Association has announced that the local software industry is developing with an annual growth rate of 30-40 percent. The country is home to more than 720 outsourcing companies and nearly 9,000 IT engineers who have been trained at universities and colleges.