Vietnam Tops Global Outsourcing Location Index for First Time

Jan 26th, 2016

[29/3/2015] Vietnam has been revealed as the world’s top outsourcing location for the first time, according to new research from global real estate adviser Cushman & Wakefield.

With one of the highest growth rates in outsourcing, Vietnam has established its presence in the sector as an alternative destination for low-cost offshoring services, rising from fifth place last year’s index. The country’s government has put in place policies to promote the country as an outsourcing destination, with the services segment expected to expand rapidly.

Cushman & Wakefield’s head of occupier services for APAC and EMEA, Richard Middleton, said: “While not the cheapest outsourcing destination, Vietnam is still very competitive when compared to other global locations and wage rises in India and China largely contributed to it surging up the ranking to take first place in 2015”.

Source: Cushman & Wakefield’s comprehensive global report

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