(8)Finding Vietnamese IT Staff: 'Picking Stars from the Sky'

Explore the surging competition in Vietnam's IT outsourcing market, alongside the dramatic increase in Korean IT developer salaries.

2021-04-05
(8)Finding Vietnamese IT Staff: 'Picking Stars from the Sky'

Recently, Korean IT developer salaries have skyrocketed, sparking considerable attention. This surge is largely attributed to the global increase in demand for developers due to the widespread adoption of remote work. However, Vietnam has been attracting significant attention in the IT outsourcing market for years, leveraging its competitive advantage of affordable labor costs and skilled IT professionals. Notably, Japanese companies are heavily employing Vietnamese IT developers, and the proportion of Vietnamese IT professionals in Silicon Valley is also increasing. Korean companies are actively seeking Vietnamese talent, and the government is providing support. Vietnam has designated IT sectors like fintech, smart cities, and 5G mobile communication as national innovation projects, providing substantial support. Consequently, Vietnamese IT developer salaries have also risen sharply, creating challenges for foreign companies in securing talent. While Vietnam's IT workforce is experiencing rapid growth, a shortage of skilled professionals persists. This article compares the evolving IT labor markets in Korea and Vietnam, highlighting the competitive landscape of the global IT outsourcing industry.

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