Bill Gates visit to Vietnam Software Development seems to be bit early

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 22, 2006 -- The world's biggest chip producer Intel is spending in Vietnam and Microsoft Chairman Bill Gates is expected to visit this weekend. According to the experts this visit might not end up into any particular result as the poor Southeast Asian country's Information Technology industry has still a long way to travel for IT Outsourcing and other overseas services. This seems to be just a casual visit from Bill Gates to Vietnam for Software Development and other IT services.

According to the experts it has happened second time in the short time period of 10 years that an array of foreign industries and services companies, including IT firms, have an look at on Vietnam's highly literate, young workforce for IT and software services. But still it is a long way to go for them as there is lots of and heavy competition in the market for IT services to the globe. So, one or two visits by the big IT Giant professionals don�t indicate that Vietnam is in the market to face the global challenges.

Software Development Services Globally

One thing is sure that the country really has a good bulk of young generation and this is one of the reasons that country is expectating to have a good status and name for Software Development services globally. It has a quarter of its 83 million people aging between 14 years to 25 years and this figure indicates the great youth in the country. This could also be one of the reasons that big IT giants are looking at the country for future IT Outsourcing center.

As far as Vietnam is concerned for Software Development services, their annual per capita income is only $640 as stated by the government, but businesses form the overseas, ambassadors and aid groups see capable in an economy that grew 8.4% in the last year 2005. The government projects that the growth of the country over the next five years time period at 7.5% to 8%.

Intel proclaimed in February it would construct a $605 million microchip assembly and testing unit in the commercial center of Ho Chi Minh City. It is also considered to be country�s biggest Information Technology investment to date for Software Development services. The capital of the country, Hanoi, edges with small IT Outsourcing and businesses, including computer support services and facilities companies and Internet cafes and nothing much apart from this.

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