The gap between the level of university graduates and business needs means that Vietnam is likely to lack 150,000 to 200,000 IT personnel every year by 2025, according to TopDev.
This information is stated in the newly published "Vietnam IT Market Report 2023" by the information technology (IT) personnel recruitment platform TopDev.
Currently, most employers need Back-end programmers (developing the underlying parts of a web application or software that users cannot see directly), Full-stack programmers (developing the interface) and Front-end programmers (the background and interface, meaning they can do both Back-end and Front-end). The top 5 skills that companies are looking for include: java script, Java, PHP, C#/.Net and Python.
By 2025, TopDev predicts that Vietnam will need 700,000 more workers in the information technology industry. Meanwhile, the current number of programmers in Vietnam is only about 530,000 people, meaning a shortage of nearly 200,000 people.
In fact, the number of IT graduates continues to increase every year. However, the shortage is mainly due to the fact that the level of programmers and the requirements of businesses are not really balanced, according to the report. Of the more than 57,000 students graduating each year, only about 30% meet the practical skills and expertise that businesses require.
Meanwhile, the remaining 70% need to be trained at the enterprise for 3-6 months to achieve the corresponding work efficiency. A recent comment to VnExpress , a long-time manager working at a company based in Quang Trung Software Park (QTSC) assessed that the recruitment market is lacking "seniors" (experienced personnel) and has a surplus of "freshers" (new graduates).
The gap between supply and demand is also reflected in the recent recruitment market developments, when quality personnel are always in short supply and in high demand. Ms. Nguyen Thi Thu Phuong, Director of Recruitment Consulting Services in Hanoi of Adecco Vietnam, said that in the first half of the year, companies increased their search for specialized experts, although the number of recruitment positions in the IT industry in general decreased by 35% compared to the same period in 2022.
This year's economy is unfavorable, but the average salary of IT staff still increased slightly by 0.7% compared to last year, according to TopDev. More than 70% of Junior positions (new to the profession) have a salary of 600-1,000 USD per month. Nearly 50% of Middle-level staff have a salary ranging from 1,100-1,500 USD. Meanwhile, the salary of senior staff is mainly around 1,100-2,000 USD and only about 10% receive from 2,500 USD per month.
Among the business sectors, information and communication technology (ICT) is one of the fastest growing sectors in Vietnam. Revenue from the information technology industry has grown continuously over the past 5 years, from nearly 103 billion USD in 2018 to 136.15 billion USD in 2021. In the "Global Innovation Index GII 2021", Vietnam ranked 44th out of 132 economies.
According to Ms. Tran Thi Nguyet Oanh, Human Resources Director of HSBC Vietnam, the jobs that are expected to be recruited a lot in the future are related to the information technology industry such as: artificial intelligence (AI) and machine learning specialists, information security specialists, and financial technology engineers.
TopDev recommends that programmers need to improve their skills and understanding of new technologies such as Cybersecurity, DevOps, AI and Machine Learning, Cloud Computing. Besides expertise, soft skills such as development thinking ability, communication, time management, foreign language proficiency are also important factors.
The platform predicts that salaries for IT workers will be more clearly classified in the coming time due to changes and impacts of the socio-economic situation, as well as based on the hard and soft skills that programmers possess.
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