Why Outsource Magento Development to Vietnam: Top 3 Reasons with Statistics
Vietnam has gained popularity as a new outsourcing paradise for software development in recent years, as it ranked:
- #1 in Global Outsourcing Destination by C&W – 2015.
- #5 in A.T. Kearney Global Services Location Index (GSLI) – 2019.
- #13 in the Top 50 Digital Nations (Tholons Services Globalization COUNTRY INDEX – 2019).
Why do more and more successful companies choose to outsource Magento development to Vietnam?
In Vietnam, labor costs are 90% less than those in the U.S. (Statista, 2018), which brings significant cost savings for your company. Compared to other outsourcing destinations, Vietnam’s labor costs are attractive.
Vietnam’s outsourcing rates are 25% lower than those in India and even lower than countries in Eastern Europe. Furthermore, living costs in major cities in Vietnam, such as Hanoi and Ho Chi Minh City, are still lower than in major cities in SEA or Asia in general. All of these make hiring developers in general and Magento developers in Vietnam a lot more cost-effective.
Outsourcing Software Development Hourly Rates. Source: Geniuses
Another important reason to choose Vietnam as an offshore location is that the young generation of skilled workers is highly motivated and technologically advanced. This dynamic and young generation provides a great pool of skilled software developers required to meet the growing demand for offshore development in general and specifically for Magento development. Today the country has a 97.75% literacy rate (GlobalData, 2021), and 80% of the country’s college graduates hold degrees in the sciences. Each year, more than 55,000 technical engineers graduate from universities (TopDev, 2021). The reduction in prices and the fast pace of development, therefore, are not achieved at the expense of lower-quality projects.
Vietnamese Developers’ Competence in Global Tech Assessment Platforms & Vietnam in the Global Indexes of Software Development Outsourcing. Source: TopDev
Regarding communication, in contrast to many Asian languages, Vietnamese uses the Latin alphabet, just as English does. This makes it relatively easy for Vietnamese people to learn English. English is the second most popular language in Vietnam, and the majority of college and university graduates have high proficiency in English. Consequently, most IT developers in Vietnam are able to communicate easily with companies from English-speaking countries during the implementation of projects.
English abilities of software engineers in Vietnam, 2021. Source: Inspius
There are plenty of other reasons, such as socio-economic stability, ethnic or religious stability, political stability, and business environment. Several of the world’s largest IT companies, including IBM, LG, Samsung, and Intel, which have the highest overall standards, have outsourced work to Vietnam. Without a doubt, Vietnam is a wise choice to put into consideration for software development services or outsourcing Magento development in particular.
- Magento is a powerful and flexible platform that can handle complex e-commerce functionalities and integrations.
- Magento offers a rich set of features and customization options to create unique and engaging online shopping experiences.
- Magento has a large and active community of developers and users who provide support and resources.
- Vietnam has a large pool of talented and experienced Magento developers who can deliver high-quality work at competitive rates.
- Vietnam has a favorable time zone difference with many countries in Europe, North America, and Asia, which facilitates communication and collaboration.
- Vietnam has a stable and fast-growing economy, which provides a conducive environment for e-commerce development and innovation.
There are several ways to find and hire Magento developers in Vietnam, such as:
- Searching online platforms and directories that list verified and rated Magento developers and agencies in Vietnam.
- Asking for referrals and recommendations from your network or previous clients who have worked with Magento developers in Vietnam.
- Posting your project requirements and budget on freelance marketplaces or job boards that cater to Magento developers in Vietnam
- Once you have shortlisted some potential candidates, you should:
– Conduct interviews and tests to assess their skills, experience, portfolio, and communication style.
– Check their references and reviews to verify their reputation and reliability.
– Negotiate the terms and conditions of the contract, such as the scope, timeline, milestones, payment methods, and communication channels.
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