Unlocking Vietnam’s IT Talent Pool: Skilled Workforce Insights

1. Rising Star in IT Outsourcing

Vietnam has emerged as a key player in the global IT outsourcing landscape. Here’s why:

Global Ranking: In Kearney’s 2023 Global Service Location Index, Vietnam secured the 7th position. This recognition highlights its competitiveness and attractiveness for businesses seeking outsourcing solutions.
Market Growth: The IT outsourcing market in Vietnam is expected to grow at an impressive rate of 12% annually from 2024 to 2029. This sustained growth reflects the country’s robust tech ecosystem.

Vietnam boasts a talented pool of IT professionals:

IT Engineers: Approximately 530,000 IT engineers contribute to the country’s tech industry. Their expertise spans software development, cybersecurity, data science, and more.
Education Pipeline: Over 50,000 new students enroll annually in computer science and related majors. This continuous influx of fresh talent ensures a vibrant tech community.
Quick Hiring: The average time to fill a tech position in Vietnam is just 38 days. Companies can swiftly assemble skilled teams to meet project demands.

Vietnam offers cost-effective solutions without compromising quality:

Lower Living Costs: Compared to many Western countries, Vietnam’s living costs are significantly lower. This translates to competitive labor rates for businesses.
Quality-Price Balance: Companies find an attractive destination in Vietnam, where they can optimize expenses while still accessing top-notch talent.

Vietnam’s government actively supports the tech industry:

Favorable Policies: The government encourages tech startups and foreign investors through tax incentives and subsidies. These policies create an enabling environment for business growth.
Infrastructure Investments: Ongoing investments in tech infrastructure enhance connectivity and facilitate smoother operations.

Vietnam’s tech landscape is thriving:

Digital Enterprises: With over 64,000 digital technology enterprises, Vietnam is a hub of innovation and entrepreneurship. These companies drive technological advancements across various sectors.
2030 Vision: By 2030, Vietnam aims to prioritize industries like IT and telecommunications. This forward-looking approach ensures sustained growth and competitiveness.

What’s Your Experience?

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