From CIO http://www.cio.com/outsourcing/edit/110801_vietnam.html
bq. This emerging though still rough frontier for low-cost software development is showing signs as a viable alternative to India.
From "International IT Services" http://www.agilissolutions.com/frontarticles/pdf/VietnamWhitePaper.pdf
bq. A growing number of the small band of international observers familiar with Vietnam's IT industry believe that the moment has come for Vietnam to take its place as a major player in the outsourced software development market. Vietnam is a young country—half the population is under 30 years old and a growing proportion of the economically active population consequently tend to regard the war with America as ancient history. An urban elite class is slowly emerging, just as it did in India, and is beginning to provide the knowledge workers of tomorrow. The objective of training 50,000 IT workers by 2005 is moving forward with an Indian training company designing courses, while an aid package from the Japanese government provides funds. "As international companies become more cost conscious they will look to Vietnam as an alternative to India. If the government can provide a stable investment climate, the young intelligent and dedicated human resources of Vietnam will provide the rest," says Anil Sinha, an analyst working for the World Bank, who has watched the IT market evolve in Vietnam during the past few years. Nortel's Pierson agrees: "Fundamentals are in place and improving all the time. The IT industry could take off here—it really could."