IT Recruitment Demand Soars – VnExpress International

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Recruitment demand for IT personnel is expected to exceed 229,000 by 2023 and 290,000 by 2024, according to Vietnam IT Market Report 2022 by recruitment platform TopDev.

More than half of the 2,500 employers surveyed, or 55%, said they hired more developers than in previous years, he said.

Six in 10 (64%) plan to expand their IT team with more hires this year, he added.

It takes an average of 51 days to fill a position in the tech industry in Vietnam, TopDev said, explaining that this is a long period due to the high demand for recruitment and the shortage of suitable candidates.

One of the reasons for the surge in demand is that Vietnam has attracted enough attention from IT companies from other countries to hire or build their product development teams, according to the report.

“The wave of creative startups in the tech sector is getting stronger, especially after big investments in tech startups, while the wave of transformation of traditional businesses in sectors like tourism, agriculture, real estate are all turning towards digital transformation and e-commerce.”

A fresh graduate earns from $331 a month, but that figure quadruples to $1,410 when he reaches management level five years later.

CTO, one of the highest positions in the tech industry, earns around $5,900 per month.

The main industries in terms of recruitment are NFT or blockchain, high tech (artificial intelligence) and fintech.

Other recruitment platforms confirm the growing need for IT personnel.

Ha Nguyen, CEO of recruitment platform Adecco, said Vietnam’s digital transformation offers many job opportunities for IT candidates.

They can also be outsourced to companies in other countries, she added.

“Due to high demand, companies are still having difficulty recruiting highly qualified candidates despite attractive salaries and benefits.”

Staffing firm Navigos said in its second-quarter report that the Russia-Ukraine crisis shifted many IT orders to Vietnam, increasing recruitment demand.

There is a great shortage of IT candidates in banking and finance, as well as in e-commerce, medical services and education, she added.

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