Im based in Indonesia and have built a few tech teams here over the years. Also know of a few dev houses based here with clients internationally, both in Europe & the US.

Can vouch for what the OP says, if you take care of people, pay a decent salary for their region, people will be loyal and quality is very good. You will need to learn a bit about the local region and culture though if your hiring directly.

This is especially true now as the local tech scene is loosing good senior folk through redundancies and forcing people back into the office.

I'll chime in to share my experience, I was once looking for companies/startups looking to get offshore developer (I was offering my time) and remember I got direct link to the company through meetup app email distribution list for a python meetup in my city.