Adamo Software reach the leading Vietnam software outsourcing company, delivering custom software solutions with the latest technologies in travel and tourism.
We are leading healthcare software in Vietnam, providing innovative software outsourcing solutions for healthcare with the rise of cutting-edge technologies.
Our dedicated development team has built successfully several fintech solution projects that are tailor-made for every project requirement, leading market.
Our dedicated development team has built successfully several fintech solution projecOur services of developing food & beverage software provide you with a series of realistic features from basic to advance for ordering apps in roundly 15 mins.ts that are tailor-made for every project requirement, leading market.
Adamo's dedicated team have created successfully some social networking apps, dating apps and web-based solutions in the media and entertainment industry.
With profound technological knowledge and experiences in diverse industries and skills of our developers, Adamo team offers education, e-commerce and retail.
The economic engine of numerous emerging nations is outsourcing software development. India and China are widely acknowledged as the industry leaders in software development outsourcing, owing to their extensive human resources and extensive experience. Vietnam is rapidly becoming a global IT center and a software development outsourcing destination, in addition to these two powerhouses.
In Asia, outsourcing to Vietnam is becoming increasingly recognized as a cost-effective, high-quality software development solution. CIO magazine suggests that choose Vietnam as a software development outsourcing destination can result in cost savings of up to 90% when compared to software development in the United States. And, even more advantageously, the cost of software development in Vietnam is one-third to one-seventh that of India. These figures are highly persuasive for Australian and Singaporean companies to invest in offshore software development in Vietnam.
Singapore is recognized as a prominent global financial center, significantly influenced by the technology sector. Various sectors, including banking, technology, energy and infrastructure, and real estate, contribute to the 397 billion USD GDP recorded in 2021. It ranks first in Asia for innovation and globally for ease of doing business. The nation’s commercial environment is thriving, characterized by a varied business ecosystem and expedited business establishment processes.
The IT industry constitutes approximately 17% of the market and has exhibited consistent growth over the years. The expanding industry correlates with increasing demand, prompting more Singaporean IT companies to seek external software development solutions. Examples of unicorns include Klook, Grab, SHEIN, and Traveloka. Significant technology firms with operations or technical teams in Singapore encompass FAANG (Facebook, Amazon, Apple, Netflix, and Google – Alphabet) as well as other international corporations such as IBM, Binance, PayPal, Indeed, Visa, and Zoom.
Australia is not an exception to the global trend. By 2030, the Australian government intends to establish itself as the world’s foremost digital economy. To accomplish this objective, Australia intends to allocate over 900 million USD to the promotion of digitalization in all aspects of life. The IT industry in Australia is experiencing accelerated growth as a result of the promotion of the digital economy. The revenue of the Australian IT market is expected to reach 33.11 billion USD in 2023, as per Statista’s forecast. The market value of this industry in Australia is expected to reach 44.8 billion USD by 2027.
The data provided by Statistic also indicates that the revenue of the entire segment of foreign partners providing IT services and products to Australia could reach 12.7 billion USD. The total value of this segment is projected to exceed 16.59 billion USD in 2027.
By 2030, Australia will require 1.2 million IT professionals to become the world’s foremost digital economy. Nevertheless, the Ministry of Training and Skills reported in May 2023 that the number of employees in this industry in Australia is a mere 930,000.
A typical illustration is the narrative of the scarcity of IT personnel at National Australia Bank (NAB), one of the four major banks in the nation. Mr. Ross McEwan, CEO of NAB, stated that the bank’s operations have been impacted by the absence of up to 700 employees in the fields of data, digital, and technology, even though NAB is a reputable brand and has made significant efforts. To address this issue, NAB and its partner, Positive Thinking Company, established an IT center in Ho Chi Minh City in 2022. This center will accommodate software developers, data specialists, digital designers, software engineers, and data analysts who will be responsible for completing tasks that will assist NAB’s operations.
Despite its technological advancements, Singapore continues to face land and human capital constraints. Consequently, Singapore has the option of establishing a regional center in specific Asian countries to facilitate its transition to a global technology hub. Vietnam is one of the most promising software development outsourcing destinations.
Identifying reputable software development firms capable of delivering a quality product within a specified timeframe presents a big challenge for businesses in Singapore. Location is a significant factor in the selection of a software development outsourcing destination. Singapore is situated among numerous developing countries, offering a substantial talent pool at a competitive cost. Malaysia shares the same time zone as Singapore. Therefore, the country is an appropriate choice for software development activities.
Thailand and Vietnam share the same time zone and are only one hour behind Singapore, indicating a significant potential for offshore firms in these regions. Choosing these countries as software development outsourcing destinations offers significant benefits, including strong technical expertise and cost-effectiveness. Malaysia and Vietnam consistently achieve high rankings in English proficiency, facilitating efficient communication with Singaporean IT enterprises.
The Philippines is another country in Southeast Asia noted for its high level of English proficiency. Nonetheless, its technical capabilities do not match those of neighboring countries. Singaporean technology firms possess numerous options for software development outsourcing destinations; however, we assert that Vietnam represents the most suitable choice.
Every year, thousands of IT graduates enter the workforce in Vietnam. This implies that personnel costs in the technology sector are significantly lower than those in neighboring countries.
Vietnam’s labor costs are 15% to 50% less expensive than those of Thailand and Malaysia. Furthermore, the annual cost of employing a data engineer or software engineer in Vietnam ranges from 9,600 USD to 18,000 USD, whereas in Singapore, it can reach as high as 38,000 USD to 84,500 USD. This is a compelling attribute for numerous enterprises.
STEM education (Science, Technology, Engineering, and Mathematics) in Vietnam is generally regarded as satisfactory, thereby facilitating the development of techniques and the resolution of a variety of market issues by human resources. The Vietnamese human resources are evaluated as being highly adaptable and flexible, even in the face of accelerated market changes.
Political and social instability, particularly in Thailand and Malaysia, is causing economic challenges in Asian countries. Vietnam is fortunate to be one of the stable countries with robust development rates, which is a result of the government’s support for business activities.
Conversely, the government is also striving to encourage the youthful population to participate in the startup ecosystem, thereby fostering the market’s expansion. In fact, entrepreneurs and small and medium enterprises account for up to 50% of the employment opportunities in the United States. Additionally, Vietnam provides a supportive environment for business activities and production through tax incentives, favorable laws, and support policies.
Another illustration is the Memorandum of Understanding (MOU) that Enterprise Singapore, Quest Ventures, and Saigon Innovation Hub (SIHUB) executed in 2019 to facilitate collaboration between Singapore entrepreneurs, small and medium enterprises (SMEs), and their Vietnamese partners.
In contrast to numerous Asian languages, Vietnamese employs the Latin alphabet, as does English, which facilitates the acquisition of English by Vietnamese speakers. The majority of Vietnam’s college graduates possess a high level of proficiency in English, and it is the second most prevalent language in the country. In the 2020 EF English Proficiency Index, Vietnam was ranked 13th in Asia and 65th globally in terms of English proficiency. As a result, 90% of IT professionals in Vietnam can communicate in English at an intermediate or advanced level when engaged in software development outsourcing destination.
The Vietnamese population is increasingly adopting modernity and connectivity as technological advancements permeate the nation. The expanding economy facilitates increased expenditure on technology products. Singaporean and Australian IT companies have significant opportunities to generate profits in this market, whether through direct sales to end-users or by engaging in foreign direct investment. The economic relationship between these two countries accelerates and streamlines the process, resulting in more efficient and effective outcomes.
If Vietnam is on your radar for software development outsourcing destination, finding the right firm that aligns seamlessly with your company will require another layer of research. Discover an exceptional solution: Adamo Software.
Discover our adaptable collaboration model: choose from team-based, fixed cost, or time & material options to suit your needs. Choosing the right pricing model for your software development products is crucial. You might consider a “fixed cost model” for well-defined projects or a “time & material model” for more flexible, evolving needs. The decision ultimately hinges on the scope of work and your outsourcing requirements. By leveraging a team-based approach, we can assemble a fully dedicated development team focused exclusively on your project. This approach eliminates the hassle of training and the time-consuming process of establishing a department.
Additionally, Adamo provides an extensive array of services, encompassing web applications, mobile apps, blockchain solutions, AI, DevOps software, and web design. Explore our profile Adamo on Clutch or reach out to connect with our expert consultants for a deeper insight into our offerings!
