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	<title>Vietnam Software Outsourcing Blog &#124; EXCEL Brothers Inc.</title>
	<atom:link href="http://excelbrothers.com/vietnam-software-outsourcing-blog/feed/" rel="self" type="application/rss+xml" />
	<link>http://excelbrothers.com/vietnam-software-outsourcing-blog</link>
	<description>This is blog of an offshore software outsourcing development company named EXCEL Brothers</description>
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		<title>Intel built largest solar power station in Vietnam</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/intel-built-largest-solar-power-station-in-vietnam/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/intel-built-largest-solar-power-station-in-vietnam/#comments</comments>
		<pubDate>Tue, 15 May 2012 03:22:45 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

		<guid isPermaLink="false">http://excelbrothers.com/vietnam-software-outsourcing-blog/?p=234</guid>
		<description><![CDATA[This new solar power station, comprising of 1,092 solar panels and 21 adapters, can directly provide the company with around 321,000KWh of electricity per year without using rechargeable batteries, equivalent to electricity consumed by 500 households in Vietnam.]]></description>
			<content:encoded><![CDATA[<p>After nearly five months of construction and a cost of approximately US$1.1 million, the new solar power station is expected to supply about 30 per cent of Intel’s total electricity consumption in a year for the next 20 consecutive years.</p>
<p>This new solar power station, comprising of 1,092 solar panels and 21 adapters, can directly provide the company with around 321,000KWh of electricity per year without using rechargeable batteries, equivalent to electricity consumed by 500 households in Vietnam.</p>
<p>This is the first and only solar power station built by Intel Corporation in Asia, many times bigger than the ones assembled by Intel in Israel and in Oregon, in the US.</p>
<p>In related news, on April 23, Nokia Corporation began construction of its mobile phone factory in the Vietnam-Singapore Industrial Park in the northern province of Bac Ninh.</p>
<p>The 17-hectare factory is expected to become fully operational by the beginning of next year. To be built at a total investment of $302 million, it will produce around 180,000 mobile phones per year and provide jobs for more than 10,000 workers with an average income of $300 per person per month.</p>
<p>Source: SGGP</p>
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		<title>Why It Is Necessary To Get Your Website Scanned For Security</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/why-it-is-necessary-to-get-your-website-scanned-for-security/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/why-it-is-necessary-to-get-your-website-scanned-for-security/#comments</comments>
		<pubDate>Mon, 14 May 2012 07:32:35 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[SEO/SEM]]></category>
		<category><![CDATA[Technical Articles & Tutorials]]></category>

		<guid isPermaLink="false">http://excelbrothers.com/vietnam-software-outsourcing-blog/?p=235</guid>
		<description><![CDATA[Consider this; in one of the largest web based data theft cases, 45 million credit cards were affected. In another case over 40,000 USD mysteriously disappeared from two bank accounts, thanks to a hacker group. In yet another case, when clients of ABC Company and other prospective customers tried to login to company’s website, they were redirected to a competitors page, and the company loses the customer!]]></description>
			<content:encoded><![CDATA[<p>Consider this; in one of the largest web  based data theft cases, 45  million credit cards were affected. In  another case over 40,000 USD  mysteriously disappeared from two bank  accounts, thanks to a hacker  group. In yet another case, when clients  of ABC Company and other  prospective customers tried to login to  company’s website, they were  redirected to a competitors page, and the  company loses the customer!  Apart from direct losses, there are many  other indirect losses.  According to a whitehat security report in 2008,  9 out of 10 websites  are vulnerable or already infected by one or more  security threats.<br />
It has become increasingly important to make  your website secure, and  the first step towards making it secure is to  get a thorough website  security scan.</p>
<p>Below are the characteristics of a good website scan tool:<br />
• Should be designed to understand the business/website model.<br />
• Should be able to evaluate website security risks.<br />
• Should be updated regularly.<br />
• Should have easy to use website scan dashboard.<br />
• Should provide detailed technical information.<br />
• Should provide easy to understand reports.<br />
• Should provide detailed risk analysis.<br />
• Should provide feasible technical solutions.</p>
<p>There are many benefits that you can reap using these security tools:<br />
• Keep data secure from any infections.<br />
• Increase website availability.<br />
• Gain visitor trust by providing a safe and secure environment.<br />
• Proactive approach against security threats.<br />
• A security assurance seal from a reputed website security provider helps you enhance brand reputation.<br />
• Websites that are more secure gain higher rankings in search engines.</p>
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		<title>PM approves 2010-2020 Science and Technology Development Strategy</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/pm-approves-2010-2020-science-and-technology-development-strategy/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/pm-approves-2010-2020-science-and-technology-development-strategy/#comments</comments>
		<pubDate>Mon, 14 May 2012 07:27:28 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

		<guid isPermaLink="false">http://excelbrothers.com/vietnam-software-outsourcing-blog/?p=232</guid>
		<description><![CDATA[Prime Minister Nguyen Tan Dung approved the Science and Technology Development Strategy for the 2010-20 period which targets boosting the value of high-tech and applied science products to about 45 per cent of GDP by 2020.]]></description>
			<content:encoded><![CDATA[<p><em>Prime Minister Nguyen Tan Dung approved the Science and Technology Development Strategy for the 2010-20 period which targets boosting the value of high-tech and applied science products to about 45 per cent of GDP by 2020.</em></p>
<p><em>Under the strategy, the value of the science and technology (S&amp;T) market will increase by an average of 15-17 per cent per year.</em></p>
<div>
<p><em>The development strategy also requires an increase in the ratio of scientific researchers and professional staff in information and communication technologies (ICT) to nine or ten people per ten thousand. Up to 5000 highly skilled engineers will be trained to manage and operate high tech production lines in Việt Nam's spear-headed fields by 2015.</em></p>
<p><em>Việt Nam aims to have 60 internationally qualified basic and applied science research centres by 2020 which are capable of tackling the country's vital S&amp;T issues. The number of S&amp;T organisations will eventually reach 6000.</em></p>
<p><em>During the 2010-2020 period, Việt Nam will prioritise S&amp;T development in the areas of communication and information technology, bio-technology, material technology, automation, mechanic – machinery technology and environmental technology.</em></p>
<p><em>Source: Vietnamnews</em></p>
</div>
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		<title>Outsourcing: Relationships Get Results</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/outsourcing-relationships-get-results/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/outsourcing-relationships-get-results/#comments</comments>
		<pubDate>Mon, 14 May 2012 07:25:17 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

		<guid isPermaLink="false">http://excelbrothers.com/vietnam-software-outsourcing-blog/?p=230</guid>
		<description><![CDATA[For managers wishing to appear dynamic and cost-conscious, outsourcing, near-shoring and off-shoring seem to provide the perfect solutions. All entail moving services or production to other countries which boast a charming combination of talented staff and lower labor costs, usually located in emerging markets such as Romania or Vietnam]]></description>
			<content:encoded><![CDATA[<p>For managers wishing to appear dynamic and cost-conscious, outsourcing, near-shoring and off-shoring seem to provide the perfect solutions. All entail moving services or production to other countries which boast a charming combination of talented staff and lower labor costs, usually located in emerging markets such as Romania or Vietnam. Basically, outsourcing means having an external company do some activity instead of your own company. Near-shoring is when this is done by a country in proximity to the home country, such as Mexico is to the U.S. Off-shoring is when this is done by a country further away from the home country, like when a French manufacturer off-shores its IT work to India. The whole idea is to enable the home country to reduce costs, something which inevitably produces broad smiles on shareholders' faces. The point is to get results, cheaper. Sounds simple. So why does it often go wrong?</p>
<p>In reality, outsourcing projects are often badly planned and mismanaged, resulting in project delays, rising costs, soaring frustration levels and cross-cultural misunderstandings. In the end, cheap is expensive.</p>
<p>Why? Indians, Czechs, Poles and other nationalities that are considered outsourcing-friendly are usually extremely well-qualified and speak excellent English, albeit with an accent. This means that qualifications and language cannot account for the delays and misunderstandings so common in outsourced projects. The answer very often lies in the major but little appreciated aspect of cultural differences, and the different ways of "signaling" to business counterparts things such as importance, emotion and urgency.</p>
<p>Generally stated, international business cultures can be categorized into "task-oriented" (Scandinavians, German speakers, parts of the U.S. and the UK, for instance), and "relationship-oriented cultures" (India, Asia, Latin American, Southern and Eastern Europe, Africa, the Middle East, parts of the U.S. and the UK, for example). Crudely, task-oriented cultures tend to focus on<em>things </em>-- contracts, facts, deadlines, etc -- rather than <em>people</em>. Relationship-oriented cultures consider <em>people </em>-- business dinners, small talk, sharing emotions -- of greater importance than<em>things </em>or even <em>time </em>itself.</p>
<p>Germany is a classic task-oriented culture. German managers often believe that their outsourced partners can be managed via email, with the occasional phone call thrown in to stress the urgency of some matter, followed up -- perhaps -- by an in-country visit once a year. All their home-based staff has to do is provide their Romanian or Indian counterparts with clearly stated data and milestones. Job done. For them, clearly defined parameters, deadlines and detailed contracts guarantee project success. How do business partners build trust? Through reliable, measurable behavior -- a deadline is universally understandable, right? Who needs to go to dinner? Besides, that would simply increase business expenses and result in nothing tangible.</p>
<p>But most of the world's seven billion people -- from Asia to the Middle East, Latin America to Southern Europe and beyond -- live in relationship-oriented cultures. Here, a handshake is of equal or greater importance than a contract, dinner with your business partner of more significance than some milestone. For relationship-oriented cultures, <em>people </em>are more important than <em>things</em>. "If a deadline is missed, come over, we'll talk about it and work things out. But tell me, how is your cousin doing..?"</p>
<p>In managing outsourced projects, task-oriented managers often prefer to use email, because it is quick, efficient and cheap. Often they believe that words such as URGENT!!! in the subject line -- bright red, of course -- means "please do now." A relationship-oriented counterpart, however, located in California or Mumbai often simply ignores or deletes this message. For them, "urgent" indicates factory on fire, boss kidnapped, war has broken out -- thus if it's urgent, don't email me -- burst into my office. Email, they reason, is cold, impersonal and thus unemotional; if something were truly "urgent" my counterpart would call, or better yet Skype or, best of all, fly out to talk to me -- or fly me to his headquarters.</p>
<p>Furthermore, task and relationship oriented cultures often possess different ideas of what "ASAP" signifies. My German clients believe it's synonymous with "immediately"; my British partner, in contrast, tells me it means "as soon as it is possible <em>for me</em>." Thus, it could take up to a week for him to do an "ASAP" task. In other words, for relationship-oriented cultures, the more important something is, the greater the need to have a face-face-meeting; if it is of lesser importance, email is fine. Just don't expect a reply.</p>
<p>In the end, the intangible costs of these subtle yet crucial cultural interpretations and "signaling" often offset the initial financial gains of outsourcing. Which type should defer to the other? Well, just looking at population figures, relationship-oriented cultures, including 1.1 billion Chinese, 350 million Arabs and 1.2 billion Indians, far outnumber, say, five million Finns. To ensure deadline commitment and on-time, in-budget, smoothly running international projects, the basic rule is: spend quality time with your relationship-oriented partner. Eat with him. Ask about his family. And remember: relationships get results.</p>
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		<title>What will happen when Google, Facebook set foot in Vietnam?</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/what-will-happen-when-google-facebook-set-foot-in-vietnam/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/what-will-happen-when-google-facebook-set-foot-in-vietnam/#comments</comments>
		<pubDate>Mon, 14 May 2012 07:21:03 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

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		<description><![CDATA[Their presence would also help attract their partners to Vietnam, thus creating more opportunities to Vietnamese software outsourcing companies]]></description>
			<content:encoded><![CDATA[<p><em>Under the draft decree on Internet and information content service management, foreign institutions which provide public information services across the border, attracting many users in Vietnamese territory, have to set up representative offices in Vietnam.</em></p>
<p><em>Once the draft decree gets approval and takes effects, the “big guys” in the field of digital content, such as Google and Facebook, would be officially present in Vietnam.</p>
<p><strong>Representative offices not only help collect tax</strong></p>
<p>The fact that Google and Facebook can make big money in Vietnam but do not pay tax has become a hot topic in discussions. Competent agencies have been many times urged to set stricter control over the big guys and force them to pay tax on the earnings in Vietnam.</p>
<p>However, experts have pointed out that if the draft regulation is applied, Vietnam would get many more benefits from the presence of the big guys rather than the tax collection.</p>
<p>Vo Do Thang, Director of Athena, a center for network management and security training, said that the presence of Google and Facebook in Vietnam would help popularize Vietnam’s image in the world’s information technology market.</p>
<p>“Their presence would also help attract their partners to Vietnam, thus creating more opportunities to Vietnamese software outsourcing companies,” Thang said.</p>
<p>Also according to Thang, some big guys not only simply provide digital content services, but also have jumped into other business fields. Google, for example, also manufactures tablets and smart phones, i.e. it has jumped into the hardware sector. As such, this may lead to a new wave of investment and new technology import to Vietnam, the thing that happened in Intel’s case.</p>
<p>Under the current regulations, with representative offices in Vietnam, the big guys would not be allowed to do business, while they can only act as consultants and technical supporters. Some manufacturers would try to orient the market through training and investments. If so, according to Thang, the domestic infrastructure and labor force would benefit from the programs.</p>
<p>“Besides, when entering Vietnam, foreign groups would bring with themselves professional management procedures, which are very useful for the sectors with hot development, including digital content,” Thang said.</p>
<p>Vu Thai Ha, Director of EXA, the company specializing in providing online backup services, said cloud computing remains an unfamiliar concept for domestic computer users, therefore, if Google sets up representative offices in Vietnam, this would be a good signal, showing that Vietnam is market with great potentials.</p>
<p>Ngo Dac Thuan, Managing Director of Hat Giong So, a mobile app service provider, said the presence of Google in Vietnam would support the developers of Android-based mobile apps</p>
<p><strong>The cooperation and competition</strong></p>
<p>It’s clear that if Google or Facebook set up representative offices in Vietnam would bring benefits to partners and the domestic users, but would be the hindrances to the enterprises in the same sectors. The foreign giants would become even stronger, once they have technical support staff right in Vietnam.</p>
<p>However, domestic firms keep optimistic about the presence of the world’s giants in Vietnam. Andy Dang, Creative Director of Phan Viet Media Company, said that he can see the opportunities for cooperation for mutual development.</p>
<p>Meanwhile, Phan Anh Tuan, Director of go.vn network, said in the digital world, there is no geographical distance. Therefore, the competition has always existed, even if Google or Facebook do not set up representative offices in Vietnam. Tuan stressed that Vietnamese businesses always have to struggle with the two big guys and other rivals to survive already.</p>
<p><em>Source: TBKTSG</em></em></p>
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		<title>Software Outsourcing to Vietnam: A Major Challenge</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/software-outsourcing-to-vietnam-a-major-challenge/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/software-outsourcing-to-vietnam-a-major-challenge/#comments</comments>
		<pubDate>Mon, 07 May 2012 17:47:44 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

		<guid isPermaLink="false">http://excelbrothers.com/vietnam-software-outsourcing-blog/?p=225</guid>
		<description><![CDATA[Outsourcing is a huge industry here in Vietnam. It solves several problems for Vietnam. First, it brings in much needed income. Second, it does so without requiring a high ratio of expensive imported inputs...]]></description>
			<content:encoded><![CDATA[<p>This post comes out of a conversation I had with my friend Prithvi, who has years of experience in the outsourcing industry both here and in China and other countries.</p>
<p>Outsourcing is a huge industry here in Vietnam. It solves several problems for Vietnam. First, it brings in much needed income. Second, it does so without requiring a high ratio of expensive imported inputs (compare this to making shoes which are exported for a cheap price, but most of the costs come from materials which must be imported). Third, it helps advance domestic use of technology, which should make all industries more efficient.</p>
<p>Customers have a choice when choosing a destination for their software outsourcing needs. Why do they choose Vietnam? The primary reason would be cost. Vietnam has a low cost of living (which is rapidly being degraded by endemic inflation) and thus a low labor cost. A rule of thumb is that an Indian engineer can make half what an American engineer makes, while a Vietnamese engineer can make still half of what an Indian engineer makes. India, which has made a name for itself as a global leader and destination in software outsourcing, can now look to Vietnam as a supplier which they manage.</p>
<p>Another reason that companies choose Vietnam for outsourcing is the pool of talent. Young Vietnamese people see the IT industry as a large source of employment with attractive salaries even with little experience. The wages and work conditions certainly beat working in a factory. And their parents view education as an investment worth pouring money into.</p>
<p>But education is only a piece of what can make a Vietnamese outsourcing industry successful. A complaint about the American university system for software engineers is that years are spent studying theory and little time is spent learning practical knowledge. In Vietnamese universities and training centers, practical knowledge of the most currently in-demand technology brands such as Microsoft .NET or PHP are taught. However, there is still a gap between what is learned in school and what global industry best practices are now being used. Students learn how to build web sites using PHP, but they don't realize that even a PHP-based website nowadays isn't just hand-coded in straight PHP.</p>
<p>English!</p>
<p>Another massive failing of the education system is in foreign language. The largest market for offshore development shops looking for customers, especially well-paying ones, is the English-language market. Furthermore, nearly all software technology comes from the US, and even if not then the developers still use English to write all their documentation (nginx might be a notable exception). All programming languages use English keywords. Generally, programming books, which cost up to $100 in the US, can be pirated online as ebooks, or copied at local photocopy shops, which is a normal practice for distributing textbooks in Vietnam. But the number of texts in Vietnamese will always be far less than those in English, and nevertheless be behind the curve. So English language competency is key for any developer who wants to pick up basic skills on their own, and then do further research on blogs, reference sites, and community-edited answer sites like stackoverflow.</p>
<p>In English language skills, other Asian countries have an advantage. Hundreds of millions of Indians already speak English, many using it to communicate with each other. It's a similar situation in the Philippines, both countries with a large number of regionally popular local languages where English is a main lingua franca. In Malaysia, like India a former British colony, English is a commonly used tongue which receives support from both the government and business communities.</p>
<p>So the Vietnamese outsourcing industry has a bit of a disadvantage when it comes to language. Despite English language centers booming in the country, where increasingly affluent families are able to afford relatively expensive instruction from substandard schools, most Vietnamese students are only able to obtain competency in English through persistent self-learning. Distribution of English language publications is restricted and English-language television, which could easily benefit tens of millions of young people, is limited rather than promoted.</p>
<p>Without sufficient language abilities, the industry depends on a select few who have mastered the language enough to interface over written communications like email wth their foreign clients. For face to face, video, or in person communication, a great potential source lies in the overseas Viet Kieu community. Viet Kieu not only can speak English in a way that minimizes miscommunication, they understand the culture and how to find and sell to customers, especially through their existing networks. Despite government hurdles, a lot of Silicon Valley Viet Kieu have come to Vietnam to start businesses.</p>
<p>On the bright side, a growing sector of Vietnam's software industry is in Japanese outsourcing. Japanese companies are already here in Vietnam, primarily in manufacturing. But with a growing number of students choosing to study Japanese instead of or on top of English, Vietnam can become Japan's chosen destination for its outsourcing needs. While some Japanese companies still use English as a lingua franca within their Vietnamese operations, by making use of Nihongo possible, Vietnam can level the playing field with some of their neighboring competitors.</p>
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		<title>Software industry challenged by rising human resource costs</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/software-industry-challenged-by-rising-human-resource-costs/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/software-industry-challenged-by-rising-human-resource-costs/#comments</comments>
		<pubDate>Thu, 15 Sep 2011 07:59:18 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[EXCEL Brothers Inc.]]></category>

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		<description><![CDATA[HCM CITY — Rising costs for human resources have weakened Viet Nam's chief competitive advantage in the software industry]]></description>
			<content:encoded><![CDATA[<p>HCM CITY — Rising costs for human resources have weakened Viet Nam's chief competitive advantage in the software industry.</p>
<p>In the past, cheap labour was seen as the country's chief competitive advantage in making international-standard software, but that advantage is declining.</p>
<p>The pool of employees for the software industry is still rather small, and language skills, particularly in English and Japanese, for writing software are limited.</p>
<p>Viet Nam, however, still maintains a balance between expenditures and human resource skills, compared to India and China.</p>
<p>"But this balance could collapse if the country doesn't control inflation," Nguyen Hung Cuong, software development director at Harvey Nash, told Dau tu (Vietnam Investment Review) newspaper.</p>
<p>"Vietnamese-made software for the Japanese market is only 1-2 per cent of what China sells to Japan," Cuong added.</p>
<p>The small pool of skilled employees is another problem as no company is able to employ several hundred software programmers in a few months.</p>
<p>"This means that there is no chance for Vietnamese companies to process big software projects," Cuong added.</p>
<p>Although Viet Nam is seen as a location that can produce international software, many projects remain on paper because of these limitations that the country faces.</p>
<p>Meanwhile, turnover from the software processing industry in Viet Nam was US$1 billion, while total turnover for the sector was $244 billion worldwide last year. It is expected yo reach $268 billion this year.</p>
<p>From: VietnamNews</p>
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		<title>Vietnam is a top destination for investment beyond BRIC</title>
		<link>http://excelbrothers.com/vietnam-software-outsourcing-blog/vietnam-is-a-top-destination-for-investment-beyond-bric/</link>
		<comments>http://excelbrothers.com/vietnam-software-outsourcing-blog/vietnam-is-a-top-destination-for-investment-beyond-bric/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 03:44:51 +0000</pubDate>
		<dc:creator>nvthanh</dc:creator>
				<category><![CDATA[Software Industry News]]></category>
		<category><![CDATA[Vietnam Software Outsourcing Industry]]></category>

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		<description><![CDATA[Vietnam is a top destination for investment as companies seek new sources of growth beyond the BRICs.]]></description>
			<content:encoded><![CDATA[<p>In 2010, Vietnam has held its place for the third year running at the top of a list of emerging markets, outside of the BRICs, where UK firms should be looking to do business, according to global investors surveyed by UK Trade &amp; Investment and the Economist Intelligence Unit.</p>
<p>In the next five years Asia's economy will grow by 50 per cent, and be comparable in size to the economies of the United States and Europe. By 2030 Asian GDP will exceed that of the G7 (June 2010 IMF report 'Asia Leading the way').</p>
<p><strong>Vietnam is a top destination for investment as companies seek new sources of growth beyond the BRICs</strong>. Companies are now prioritising a range of second-tier countries alongside their well-established operations in the BRIC countries. In all, 71 per cent of respondents agreed that emerging markets beyond the BRIC countries collectively offer an opportunity too big to ignore. Asked to name their top three countries for investment over the next two years, Vietnam (selected by 19 per cent) was second only to China (20 per cent), edging out India in third place (18 per cent). This is the third consecutive year that Vietnam has been selected by executives as their number one investment target outside of the BRIC countries. Brazil was chosen by 14 per cent of respondents, putting it approximately in line with Indonesia (15 per cent) and South Africa (13 per cent). Russia, hard hit by the global recession, was chosen by just 8 per cent of respondents, making it less popular than Mexico (11 per cent), and roughly on a par with Turkey (9 per cent) and Nigeria (8 per cent).</p>
<p>Source: UKTI</p>
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