Bill Gates expects Vietnam to raise its head as an outsourcing center
On his recent visit to Vietnam, Bill Gates has seen huge potential for Vietnam to make a mark similar to India in the outsourcing sphere. The country is drawing the attention of global technology companies despite its shortcomings.
Vietnam is growing and growing fast economically and its literacy rate is something for the nation to boast about. The 90% literacy rate is a major advantage for the country and will be a variable that other nations cannot afford to ignore. Gates further said that Vietnam should not restrict itself to manufacturing activities alone, but widen its horizons into the world of software development and outsourcing. The figure relating to the growth of Software and IT-related services industry reflects the optimism of Gates with a 40% annual growth rate