According to TopDev, the gap between the skill level of graduating students and the needs of businesses means that Vietnam is likely to face a shortage of 150,000 to 200,000 IT personnel annually until 2025.
This information is included in the newly released "Vietnam IT Market Report 2023" by TopDev, a platform specializing in IT recruitment.
Currently, most employers are looking for back-end developers (developing the underlying parts of web applications or software that users don't see directly), full-stack developers (developing user interfaces), and front-end developers (developing both back-end and front-end). The top five skills companies are seeking include: JavaScript, Java, PHP, C#/.Net, and Python.
By 2025, TopDev forecasts that Vietnam will need 700,000 IT professionals. Meanwhile, the current number of programmers in Vietnam is only about 530,000, meaning there is a shortage of nearly 200,000.
In reality, the number of IT graduates continues to increase each year. However, the shortage is mainly due to a mismatch between the skill level of programmers and the requirements of businesses, according to the report. Of the more than 57,000 students graduating each year, only about 30% meet the practical skills and expertise required by businesses.
Meanwhile, the remaining 70% need additional training within the company for 3-6 months to achieve the corresponding job performance. In a recent interview with VnExpress , a long-time manager at a company based in Quang Trung Software Park (QTSC) assessed that the recruitment market is currently lacking "senior" (experienced personnel) and has a significant surplus of "freshers" (recent graduates).
The supply-demand imbalance is also reflected in the recent developments in the recruitment market, where high-quality personnel are always in short supply and highly sought after. Ms. Nguyen Thi Thu Phuong, Director of Recruitment Consulting Services for Hanoi at Adecco Vietnam, said that in the first half of the year, companies increased their search for specialized professionals, even though the number of job openings in the IT sector as a whole decreased by 35% compared to the same period in 2022.
Despite the unfavorable economic conditions this year, the average salary for IT professionals has still increased slightly by 0.7% compared to last year, according to TopDev. Over 70% of junior positions earn between $600 and $1,000 per month. Nearly 50% of middle-level positions earn between $1,100 and $1,500. Meanwhile, senior-level positions mostly range from $1,100 to $2,000, with only about 10% receiving over $2,500 per month.
Among business sectors, information and communication technology (ICT) is one of the fastest-growing in Vietnam. Revenue from the ICT industry has consistently grown over the past five years, from nearly US$103 billion in 2018 to US$136.15 billion 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, jobs that are projected to have high recruitment demand 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 enhance their skills and understanding of new technologies such as Cybersecurity, DevOps, AI, Machine Learning, and Cloud Computing. Besides technical expertise, soft skills such as developmental thinking, communication, time management, and foreign language proficiency are also crucial.
This platform predicts that IT salaries will become more clearly categorized in the future due to changes and influences from the socio-economic situation, as well as based on the hard and soft skills that programmers possess.
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