“If you can not manage them, outsource them.”
It is a great idea to have a dedicated tech team to attend to your business needs and develop, build and manage your software applications. But having the team onboard means your business must have a vision for it and you have to make sure the team is guided, managed, and utilized to their full potential. If your business’s strength or your current tech team’s capabilities don’t match the requirements, then it is a good idea to outsource the requirement to a reliable partner who helps you build a tech team. The partner that can both build, train and manage the team for you on their payroll or just build and guide it on your payroll.
1. A Guide To Tech Team in Vietnam
It is a well-known fact and even an article on Forbes said that Vietnam has a booming tech industry. Both the consumption and development of software and electronics have grown exponentially in recent years, especially as exports. With more and more population earning, thanks to the booming tech industry, the domestic market for tech products and services is gaining its strength. Many IT companies, as well as manufacturing companies, are relying on digital transformation to increase their efficiency.
For this growth to sustain, for a long time into the future, the supply of skilled and employable talent is necessary. It is for the universities and IT companies to join hands to nurture employable tech industry.
2. Tech Team in Vietnam’s Advantages
Vietnam, thanks to its low cost of labor, political stability, and skilled workforce, is seen as a preferred destination for tech companies in South East Asia. Vietnamese developers are picking up the necessary skills that might be required for tech companies. This includes software development, coding, product management, testing, and designing.
Besides, Vietnam also enjoys a good geographic presence sharing a very close time zone with Singapore, Shanghai (about 1 hour), Japan, South Korea, and Australia (2 hours) and an exact 12 hours difference with the Western USA. Hence, if managed properly the tech teams in Vietnam can strategically cater to companies for specific services.
Major hubs such as Ho Chi Minh City and Hanoi have favorable tax incentives and conditions that are offered to tech companies. Hence, many leading tech companies from across the world are also looking to set up offshore tech development teams in Vietnam. They can develop quality software at a fraction of the cost, thus attracting both large tech companies and startups. Many non-IT companies, foreign companies, and even niche IT companies rely on reliable partner, such as Kyanon Digital, to build a tech team in Vietnam. The tech team at Kyanon Digital has handled projects on software development (diversity of tech stacks), and emerging technologies such as Low-code, and AI (Artificial Intelligence), Machine Learning (ML).
3. When is the right time to find a partner to build a tech team?
The right time to look for a reliable partner to build a tech team is the moment you identify a requirement or trend that your business has identified to venture into. Once the idea is in place, you have to either establish an office here in Vietnam (if you are a foreign company) and then establish a budget and timeline to set up this tech team.
In parallel to this, you can start inviting or lookout for a reliable partner who has a firm hold in the Vietnamese job market and universities to look for a range of candidates to join this team. Since the cost of hiring the team is significantly lower in Vietnam than in many other countries, it is recommended to move in early and get the first movers advantage.
The kind of the tech team generally depends on the complexity of the project and the budget:
- Some IT companies would like to have a small, flexible, multi-talented, and reliable tech team that is led closely by an experienced CTO or Tech lead, or Architect. The challenge with such a tech team occurs when there is unforeseen attrition. That said, a reliable partner will always have a replacement in mind to cover the loss.
- Other IT companies that have large requirements, but short timelines/deadlines, will require many small tech teams that work in synergy and short sprints, in an agile mode to finish the project on time.
- Several IT companies are looking to establish full-sized tech teams. These teams can often be as large as 30 members or more. Here the motive is to establish a brand name for the company first to hire stable talent that can stay with the company for long stints. These are typically either services companies or maintenance teams.
Startups obviously struggle a lot for various reasons, because of inexperienced founders, lack of bandwidth, or strict deadlines. Most of them have the funds but do not have the experience to nurture a tech team. These IT companies can look at tech teams in Vietnam and rely on seasoned players to help them handhold these teams until they get the necessary momentum.
Each team brings to the table a significant set of strengths and weaknesses, and a reliable partner should understand, plan and cover for each such trait.
4. A Reliable Partner To Build A Tech Team
Typically and most importantly, a reliable partner should know the skills that are required for each role and the skills that can be trained. It is important because not every candidate will have equal or all skills, and this balance differs from market to market.
Besides that, a reliable partner must also understand and guide you through the legal implications, the administrative licenses, and more such formalities required to either expand or establish an IT team/firm.
In addition, the partner should also has the necessary technical expertise to train the team with that particular technology or software as well.
If you are an established IT company looking to set up a tech team with specific expertise or a foreign company or startup looking to establish an offshore development team, Vietnam is the best place for you. Contact Kyanon Digital, a software consulting firm with expertise in all emerging technologies such as data analytics, robotic process automation, low-code platform, cloud migration, mobile app development, web development, and more.