IT recruitment to rise 20-fold in 2018 against 2016

There are currently only 200,000 available programmers, meaning the market is short of 150,000. 

“Vietnam is considered an ideal destination for leading IT companies in the world,” said Mr. Nguyen Huu Binh, CEO of TopDev.

The imbalance between supply and demand of programmers has triggered greater competition in attracting and retaining talent among companies, with many willing to pay higher than the average salary. 

Programmers with experience in hot sectors such as cloud computing, big data and AI can earn monthly salaries from US$1,000 to US$1,500.

The normal salary for newly-graduated candidates or those with less than two years’ experience is from US$350 to US$520. 

Those with more than two years’ experience can earn from US$750 to US$812 and those with more than five years’ experience in management position can earn from US$980 to US$1,530. 

Those with more than ten years’ experience can be paid from US$2,300 to US$2,850 in director positions or higher.

Retaining talent is a difficult endeavor for enterprises, because up to 42% of programmers like to move between jobs, with 35% saying they are dissatisfied with their salary. 

TopDev, however, said this was merely the reason they gave employers when leaving.

The true reason are they aren’t satisfied with welfare policies of their employers and the general absence of training programs to help them improve their competencies. 

Only 25% of programmers are supported by their employer to attend training courses.

Though Vietnam is considered a paradise for outsourcing, in recent years its IT market has changed from outsourcing to supplying IT products with more diverse services. 

In the last four years, the number of IT jobs has increased rapidly. In 2016, IT recruitment increased 45% compared to 2012.

The report was prepared based on a survey of over 5,500 IT candidates and more than 150 employers and TopDev’s database in the last three years.