Hanoi ranks 21 st among the 100 best cities for software outsourcing, according to a report from outsourcing advisory firm Tholons.

Offering both a qualified labour force and low labour costs, Vietnam has great potential to provide software outsourcing services, the report says.

Although its share in the international software outsourcing market remains modest, Vietnam 's participation in the arena has brought many benefits to domestic businesses.

Sales have increased, new jobs have been created and companies have been able to implement the latest technology.
City authorities say the city will focus on developing digital content services, attaching special importance to filling gaps in the global IT service market.

The capital city has already attracted over 340 foreign investment projects in the field of information technology with total registered capital of 1.8 billion USD.-VNA