Outsourcing and Offshore

OFFSHORE - OUTSOURCING DEFINITION

What Is Outsourcing?

“Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally and sometimes involves transferring employees and assets from one firm to another.
Outsourcing includes both foreign and domestic contracting and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country).”

OFFSHORE-OUTSOURCING ADVANTAGES

There is a variety of advantages to offshore-outsourcing of specific business tasks and processes. The trend of outsourcing has continued to grow over the past decade with companies from a multitude of industries enjoying the benefits:.

Lower costs

Companies choose outsourcing to overseas is mostly because of the cost savings potential: cheaper labor and/or cheaper materials.
Expertise:

Some companies have a lack of industry expertise in certain business tasks and combined cheap labor provides the company with a big advantage.
On the other hand, most offshore, outsourcing companies have a pool of college/ universities graduated English-speaking professionals owning the qualified skills set; that makes it ideal for business process to be outsourcing efficient.
Flexibility - Labor

Outsourcing allows a company high flexibility and quick “go to market”. Example, a company may need many software development experts for a period of 3-4 months to develop an application. It would be infeasible to hire people for only 6 months. Outsourcing, however, can provide flexibility so the company does not have to be concern about all staffing process: Recruitment and firing.
Focus and freedom of improving core competency

Outsourcing provides companies with the ability to focus on their core business concerns. Focusing on improving core competency with what the company knows to do, by concentrating on core business expertise.

Nha Trang

Vietnam

Hoi An

Vietnam

Da Nang

Vietnam

Saigon - (Ho Chi Minh City)

Vietnam

OFFSHORE - OUTSOURCING IN VIETNAM

WHY VIETNAM

The correct question should be: :”Why Vietnam is the #1 destination for offshore software development?”
Global shortage of Software development engineers and the high salaries are pushing companies for a wining solution combining of both better pricing and skilled professionals.
Vietnam is an incredible choice for businesses looking for offshore software development, as Vietnamese developers are some of the brightest technologists in the world. Vietnam was ranked at the top 10 in the world, producing engineers in 2020 Education system has around 300 universities and colleges with ICT training programs.
From education to culture to government, here’s why Vietnam should always be the first choice for your offshore software development.

Viet Nam News

"Viet Nam News Economy Việt Nam named among world’s top 20 host economies for FDI for the first time".

The World Bank In Vietnam - Overview

“Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region”.

CNBC Review for 2020

“Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction”.

Global Innovation Index 2020

“Viet Nam ranks 1st among the 29 lower middle-income group economies”. At the same report, Vietnam is ranked 42nd among 131 economies.

Forbes review about IT Outsourcing in Vietnam

Vietnam a “small but mighty powerhouse” with “a highly adaptive approach to work and tech”.

The Vietnamese government has recognised the potential to be seen as a global software development leader – looking well beyond the “workshop of the world” capability and instead, building strong foundations for technology success.

As a stable, one-party dominion, they are committed to providing high-quality education to their population, encouraging English as a mandated second language, opening “technoparks” across the country and building world-class university infrastructure that focus on the sciences in all major cities.

With a pronounced skills shortage plaguing businesses all over the developed world, the Vietnamese government’s focus on ensuring all students start learning coding and logic from the age of 10 is a strategy that is beginning to pay serious dividends for both the countries population and the businesses who have identified the opportunities they represent.

All of those and more are making Vietnam very attractive off offshore services “Made In Vietnam”.

WHY Live1

EXPERTISE

Leadership Team

The top-level management team of Live1 is both Israeli and Vietnamese. Each of the management team have a vast experience with both software development, delivery, customer support and offshore services.

Development Team

Each of the Software development team have a high-level proficiency in the English language.
The employees are having a constant training and must follow the company quality standards with all project life cycle, from the requirements specifications/ RFP to the delivery and support.

COST REDUCTIONS- COMPETITIVE PRICING

Upon receiving the FRP, Live1 business analysts and architects will work closely with the you (the client) to better understand their business rules/ processes and goals, potentially to refine it and transform those into a cost-effective solution. The study is iterative: Live1 team will continually collaborate with our clients during all life cycle of the development process, with a purpose to deliver product/ application on time, with high quality and within budget.

Ultimately we will support you with saving time and money. Your costs are reduced almost immediately.

INCREASE IN PRODUCTIVITY

With Live1, you can expect to see an immediate increase in productivity levels. The excellent work ethics employed by our offshore team guarantees that your expectations are exceeded. Live1 staff will work nine hours per day, five days per week. Further, we provide an additional standby person to cover anyone on sick leave or holidays. We give our best and always exceed our clients' expectations.

CONCENTRATION ON CORE BUSINESS

Partnering with Live1 allows you to concentrate on your core interests and the success of your business. As business partners our obligations include:

Providing technical online support
Excellent work ethics
Skilled and globally competitive individuals.