Vietnam has emerged as one of the most promising technology hubs in the world. With a booming tech ecosystem, a vibrant workforce, and strategic support from both domestic and international stakeholders, the country is attracting global attention. In this blog, we delve into the factors driving Vietnam’s ascent as a tech powerhouse.
From Domestic Satisfaction to Global Expansion: U.S. Tech Hiring in 2025
Looking back, the U.S. tech hiring landscape in 2024 reflects growing optimism, with 63% of engineering leaders expressing high satisfaction with their software engineering hires, up from 53% in 2023. Moreover, non-U.S. hiring is on the rise, with 81% of leaders expanding their talent search abroad.
Despite this optimism, the tech industry continues to face a persistent talent shortage in critical areas such as cybersecurity, AI, and software development. This shortage has compelled employers to rethink and innovate their recruitment strategies to access the specialized skills needed to maintain their competitive edge. As a result, many companies are turning to IT outsourcing as a viable solution.
4 Reasons US Companies Are Turning to Vietnam for Global Expansion
Vietnam is emerging as a top destination for engineering talent, attracting companies for its deep talent pool beyond just cost advantages
Vietnam is quickly becoming a strategic destination for U.S. companies looking to expand globally. In this section, we’ll explore four key reasons why Vietnam is emerging as a preferred partner for global expansion.
#1 Growing Talent Pool
Vietnam boasts a significant and rapidly expanding talent pool, with over 400,000 IT engineers and 50,000 new IT graduates entering the workforce annually. One notable driver behind this talent growth is the increasing emphasis on STEM (Science, Technology, Engineering, and Mathematics) education.
Major US corporations like Intel, Google, and Microsoft have invested in educational programs and technology training initiatives in Vietnam. For example, Intel’s $1 billion investment in its Vietnam-based assembly and testing facility is complemented by efforts to upskill local talent, showcasing Vietnam’s workforce potential.
#2 Expertise in Cutting-Edge Technologies
Vietnam’s tech ecosystem is rapidly advancing in fields such as AI, machine learning, blockchain, and big data. According to a report by KPMG, Vietnam is among the top countries in ASEAN focusing on AI research and development.
Vietnamese companies are not only adopting these technologies but also exporting them globally. CMC Global, for instance, is a leader in RPA solutions, providing services to Fortune 500 clients across industries. The company’s RPA technology have helped businesses automate processes and improve efficiency, demonstrating Vietnam’s expertise in cutting-edge tech.
Additionally, CMC Global is driving innovation through its AI-X strategy, which integrates AI into corporate operations to optimize decision-making, enhance productivity, and fuel sustainable growth.
Additionally, the government has established the Vietnam National Innovation Center (NIC) to accelerate research and development in advanced technologies. By 2030, the NIC aims to position Vietnam as a leader in AI and digital transformation within Southeast Asia.
#3 Government Support and Policies
The Vietnamese government plays a pivotal role in fostering the country’s tech ecosystem. It has implemented a range of policies to attract foreign investments and promote innovation. For example, the government’s “National Digital Transformation Program by 2025” aims to transform Vietnam into a leading digital economy.
Tax incentives are also available for tech startups and foreign investors, including reduced corporate income tax rates and exemptions on land use fees. Vietnam’s participation in trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) has further boosted its attractiveness as a tech destination.
#4 Strategic Location in Southeast Asia
Vietnam’s geographical position makes it a strategic hub for global businesses. Located in the heart of Southeast Asia, the country offers easy access to key markets such as China, Japan, South Korea, and Singapore. This proximity allows businesses to establish efficient supply chains and tap into regional opportunities.
Moreover, Vietnam is benefiting from the “China +1” strategy, where companies diversify their operations outside of China to mitigate risks. Vietnam’s combination of competitive labor costs, improving infrastructure, and favorable trade agreements positions it as the top alternative for businesses looking to expand in Asia.
Empower Your Workforce With Vietnam’s tech talents
Vietnam’s rise as a tech hub is no coincidence. Its growing talent pool, strategic location, government support, robust digital infrastructure, and expertise in emerging technologies make it a compelling destination for global businesses.
With continuous investment in education, infrastructure, and innovation, Vietnam is well on its way to becoming a global leader in the tech industry. For companies seeking a dynamic, cost-effective, and forward-looking partner, Vietnam stands out as the ideal choice.
Among the leaders driving Vietnam’s IT excellence, CMC Global has proven to be a reliable partner for global businesses. Recently honored with the prestigious Globee Award for Best IT Service Provider of the Year, CMC Global exemplifies quality, innovation, and commitment to delivering exceptional results.
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