Vietnam and Egypt Want Your Offshore Dollars | CIO - Blogs and Discussion

Vietnam and Egypt Want Your Offshore Dollars | CIO - Blogs and Discussion

Vietnam is no stranger to outsourcing—the article cites an A.T. Kearney report that puts Vietnam in 10th place globally for outsourcing as measured by financial attractiveness, labor availability and costs, and confidence in the business environment.

Meanwhile, Egypt aims to become a bigger player in the outsourcing market. According to a Reuters story published earlier this week, Egypt has established strong incentives for incoming firms. While well behind India and another strong overseas outsourcing market—the Philippines—Egypt’s outsourcing industry is one of its fastest growing sectors, and according to the article, there’s a wealth of university graduates fluent in French, German, Spanish and Italian as well as Arabic and English.

Thanks to government incentives (such as covering much of the cost for training, paying some of the rent and transportation costs, and matching the difference between Egypt's telecommunications costs and the lowest such costs elsewhere in the world), Egypt expects its foreign outsourcing industry to generate $1.1 billion this year .........