Vietnam is to face a shortage of half a million IT professionals by 2020, According to a new report by recruitment company VietnamWorks.
The figure is projected to be 78 percent of market demand by the end of the decade, as demand for IT professionals continues to outstrip the supply of new entrants to the job market. Vietnam has seen an annual 47 percent growth in demand for IT jobs, compared to only an eight percent growth in labour supply.
Web and Java development are projected to be the highest demanded skills. The highest growth in the past year has been in positions for those with expertise in NET, C/C++, Java, PHP and Web development.
The report elaborates that over the last four years, the number of software firms in Vietnam has risen by 124 percent, and the number of IT companies by 69 percent.
The country had over 170,000 university students enrolled in IT-related courses in 2012.
Outsourcing IT to Vietnam
Hanoi and Ho Chi Minh City have become top destinations for outsourcing; Tholons’ 2015 Top 100 Outsourcing Destinations report put Ho Chi Minh City in 18th and Hanoi in 20th place globally.
Key factors driving choice of Vietnam as an outsourcing destination include the relatively low cost of skilled workers, existing government-backed training programmes, and its strategic location in the heart of the Asia-Pacific region.
Related: Vietnam: Long-Awaited Investment Law Guidelines Promulgated
Tax incentives also exist for those investing in hi-tech industries in the country.
As well as software development, a big draw of Vietnam’s talent is to computer hardware manufacturing. Companies have not always found the local labour market to have relevant skill sets, and employers often invest in extensive training for employees.
Interested in IT in Vietnam? Our consultants have a wealth of expertise writing market entry reports for companies considering Vietnam as a location for an IT hub.
Get in touch for a free consultation by contacting us using the form below:
Alternatively, drop us an email at:
info@csmall.co.uk
0 Comments