Let’s face it! It has never been more difficult to hire and secure a good developer. The repercussions of the tech talent crunch have been felt across all tech sectors and institutions, including small and medium businesses. As big tech players are willing to pay top dollar, the best candidates always seem out of reach for growing companies.
To keep up, many firms are trying to build their own remote tech team in Vietnam instead. But do not expect to hire them easily. Vietnamese developers are in high demand and it takes more than just a good salary offer to win them over.
Why Businesses Are Building Their Remote Tech Teams In Vietnam
Fifteen years ago, Vietnam barely had any IT companies; today, the country is bustling with IT activities spanning business intelligence, data analytics, and software development. As Vietnam has set its eyes on becoming the IT nation of the region, it will continue to go through a comprehensive transformation in e-commerce, fintech, EdTech, and more.
In the same vein, Vietnam’s driven and skilled IT workforce also makes it a desirable destination for foreign investors looking to build blockchain hubs and R&D departments. As an IT nation, Vietnam shows immense potential in overtaking its counterparts in being a low-cost yet highly skilled IT outsourcing country.
According to the Vietnam IT Market Report, Vietnam has a sizable tech talent pool of 400,000 engineers while producing 50,000 IT graduates annually. Their impressive talent pool and thriving IT outsourcing industry can be attributed to its strong emphasis on its STEM education combined with its IT-specialized schools.
Ranked 2nd in the Asia Pacific from the Global Skills Index 2020 for their technology skills, Vietnam developer possess high-tech world-class skills that are globally acclaimed. They particularly excelled in operating systems, computer networking, and human-computer interaction, among many other skills.
Job Benefit #1 – Clear Career Growth Opportunities
We have seen the tech landscape accelerate significantly under the effect of globalization and digitalization, enabling developers to secure well-paid jobs with great compensation and benefits.
The other way is also true as tech talent is pressured to keep up with trends and constantly improve themselves for job advancements, especially when companies only looking for good talent to build their remote tech team.
This means clear growth opportunities play a key role in attracting Vietnamese developers’ attention and they are more likely to accept job offers that will propel their career pathway. For example, junior tech talent would look for jobs that enable them to rise through the ranks of the organization, advancing into senior roles that eventually lead to management positions.
On the other hand, senior developers would prefer jobs with interesting projects and good challenges to grow their skills while also building their network.
Job Benefit #2 – A Well-Deserved Pay Rate
While we did mention that a good salary offer is not everything, it is still one of the most important factors to attract developers in Vietnam.
From our experience, the average pay rate for Vietnamese developers can be divided into 4 different levels, based on their experience/level:
- Intern/Student: Little knowledge of the language or tech stack. Limited or no professional programming experience.
- Fresher/Entry level/Junior: Little or some knowledge of the language or tech stack.
- Experienced (Non-manager): Strong knowledge of the language or tech stack.
- Tech Lead/Manager: Mastery of the language or tech stack. Great mentor.
The statistics from Vietnamworks in 2022, the developer salary rate can be different sustainably depending on their tech positions.
It is also worth noting that Vietnamese developers expect a Net salary offer when considering working for a company. Thus, we recommend businesses always be transparent about the salary offer whether it is Gross or Net.
Furthermore, Vietnamese tech talents now expect an approximately 7% ~ 15% salary increment annually. So we recommend companies beef up their offer with a 15 – 20% higher than the average pay for developers in Vietnam.
Job Benefit #3 – Appealing Work Environment
Junior-level candidates care about how to advance their career path. They want to join a team with a clear structure and professional environment where they can learn important skills. In addition, they would prefer an engaging workplace where everyone is treated like a team player instead of just a code writer or a second-class employee who’s outside of the office orbit in the remote setting.
Senior-level candidates care about employment benefits, welfare, tech stack, and stability. They understand their value and are looking for a “fair” working environment where it matches their worth. Hence, we recommend businesses also share more about employee compensation and welfare policies with the candidates.
Hiring Tech Talents In Vietnam Requires More Than Just Pure Commitment
As the demand for Vietnamese developer is increasing, building a remote tech team there will become harder. To ensure your tech expansion success, it is crucial to re-think your hiring game with clear career advancement opportunities, competitive salary offers, and a great working environment.
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Vietnam Developer Salary Report 2024 Q3
Discover IT Hiring Trends, Tech Talent Insights, and Developer Salary Rates In Vietnam!
