Demand Growth and Supply-Demand Gap:

In recent years, the demand for IT professionals in Vietnam has grown rapidly. Over the past five years, this demand has increased consistently, leading to a workforce shortage despite the large number of new graduates each year. According to a report by TopDev, in 2022, the demand for IT professionals rose to 530,000, but a shortage of 150,000 workers was projected. This gap suggests that supply has not kept pace with demand, especially for positions requiring higher experience and skills. Therefore, the current challenge is not only expanding training capacity but also improving the quality of education to bridge the gap between academic knowledge and the practical skills businesses require. Additionally, the distribution of the workforce across regions and emerging fields (AI, blockchain, cybersecurity, etc.) needs to be balanced to meet future trends.

IT human resource demand in the Vietnamese software industry

Unit: thousand people

Source: B&Company compilation from TopDev

Average Salary:

The IT sector offers some of the highest salary levels in the Vietnamese labor market. Salaries vary widely depending on experience, skills, and geographical location. Ho Chi Minh City, as the largest IT hub in the country, offers higher salaries compared to other regions. Hanoi is the second largest IT center, followed by Da Nang. According to a 2023 survey, the average IT salary in Ho Chi Minh City is about $1,390 per month, approximately 12% higher than in Hanoi ($1,244/month) and Da Nang ($1,190/month) (“Vietnam IT Market Report 2023” – TopDev).

Average Salaries for Some IT Positions (Itviec report):

Source: B&Company compilation from ITViet

As technology evolves rapidly, companies also expect IT employees to be self-motivated learners who can adapt to new technologies. Emerging technologies such as cybersecurity, artificial intelligence (AI) & machine learning, cloud computing, IoT, Big Data, and blockchain are facing both quantity and quality workforce shortages, creating a high demand for engineers skilled in these fields. Many companies are willing to hire candidates who are not yet familiar with new technologies but possess a solid foundation and quick learning abilities.

Japanese Companies and the Demand for IT Talent in Vietnam

In recent years, Vietnam has become one of the strategic destinations for Japanese companies in software development and IT services. With a young, skilled workforce, affordable costs, and the ability to quickly learn Japanese, Japanese companies are increasingly seeking to hire IT professionals in Vietnam, especially through the offshore development model.

Demand for IT talent in Vietnam

Source: B&Company compilation

References:
Several universities in Vietnam provide IT engineering education:

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