Singapore Chinese Chamber of Commerce

DOING BUSINESS IN VIETNAM COMPARED WITH OTHER COUNTRIES IN THE REGION

Singapore Offshore Services Date: 22 May 2008

Singapore Offshore Services

Started operation in 2006 in Singapore, Hanoi and HCM Providing outsourcing and consultancy services Target market - SME Companies facing cost pressure and skill shortages - Companies looking to establish a presence in Asia - Cost effective alternative to the big 5 Consultancies

Singapore Offshore Services

Why Vietnam
Doing business anywhere is not necessarily easy We looked at the obvious Locations for Outsourcing. - India - Malaysia - China - Philippines We looked at the less obvious Candidates - Vietnam - Sri-Lanka - Indonesia - Thailand

Singapore Offshore Services

Why Vietnam (continued)

Demographic, Political and Government Environment - 60% of the population is under the age of 30 - Population of 84 million - Growing population - Progressive but stable political environment - Aggressive political, legal and economic reform

Singapore Offshore Services

Why Vietnam (continued)

Economy - Growth rate on average is between 8 9% - Stable currency - There is underemployment - There is underemployment amongst the educated young - Cost

Singapore Offshore Services

Why Vietnam (continued)

Human capital - Hard working - Hungry to learn - 3rd highest literacy rate in the world - Relatively good education system - Language availability - Underemployment

Singapore Offshore Services

Why Vietnam (continued)

Other Advantages - Licensing procedures and time to market - Infrastructure - Quality of life - WTO - Demostarting a sucessful track record with International Companies

Singapore Offshore Services

What have we found

Open and honest Good quality of work Determination to succeed Adaptability and initiative Differences between North and South Less red tape than expected but ! Similar trends to those occurring in other developing environments.

Singapore Offshore Services

The Range of Services Clients Require from Us

Offshore Services Business and Process Consultancy Accounting Services Administration Services Research Project Evaluations Onshore Services Start up services - Licensing - Incubation - Recruitment Ongoing administration Market research Recruitment, Training and HR Call center Marketing services

Singapore Offshore Services

The Scope of Services We Provide

We provide a range of services to companies from: - Singapore - Vietnam - Germany - Denmark - Japan - Papua New Guinea - UK These services are being or have been performed in the following languages: - English - Vietnamese - German - Japanese - French

Singapore Offshore Services