Outsourcing Finds Vietnam

Three decades after the fall of Saigon, Vietnam remains one of the world's poorest nations. But steadily, it is becoming the next participant in the global shift of jobs to developing nations. Strong mathematics education and a loyal workforce have attracted a handful of firms to the country. Low wages are another primary draw: Recent finance graduates make little more than unskilled factory laborers in China. Substantial hurdles, however, block Vietnam's bid to establish itself as a major outsourcing player. It lacks an English-proficient labor force, and further, the tidal wave of foreign investment that spawned ultra-modern facilities in China and India has avoided Vietnam's shores. – YaleGlobal