The booming blockchain sector in Vietnam will have to overcome a serious deficit in specialists, local media said. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of current demand, with businesses already looking for talent overseas.
Fierce Competition for Blockchain Experts Among Vietnamese Companies
Vietnam faces a shortage of human resources that hinders the rapid progress of the project blockchain industry, English -language portal Bizhub reported. Southeast Asian countries have many qualified software developers but few have the qualifications required for distributed ledger technology.
The shortage makes recruitment difficult and Vietnam does not have many training programs to address the issue, said Trinh Ngoc Duc, chief executive of the company that developed the game Fight of the Ages. Quoted by a news outlet, he explains:
The scarcity of experienced blockchain programmers affects the product development process and creates many potential projects that go unnoticed.
Blockchain specialist deficits have been seen in many industries, including finance, education, healthcare, logistics, and agriculture. More than 50 sectors of the Vietnamese economy have begun implementing blockchain solutions, with about 600 jobs in the Gamefi industry alone.
At the same time, existing talent can only meet between 15 and 20% of demand, according to Kevin Tung Nguyen, CEO of Jobhopin. He himself recently lost three employees who were offered three times the remuneration at his company. The market is thirsty for blockchain programmers and competition for them is becoming more fierce, she comments.
Vietnamese Blockchain Company Forced to Seek Foreign Experts to Fill Vacant Positions
Talent sourcing has been a major issue for many companies in Vietnam’s fast -growing blockchain, confirmed Nguyen Thi Ngoc Dung of the National Innovation Center. Some companies have started looking for programmers in other countries, such as the United Arab Emirates, India, South Korea, and in Europe, he added.
Dung believes that one of the reasons is that Vietnamese universities do not teach blockchain. He also thinks that successful innovation centers and startups should launch their own short -term courses for students and develop international cooperation.
The survey was conducted by Vietnamworks a recruitment platform among more than 1,000 people working in the IT industry has announced that blockchain engineers earn the highest salaries. But Vietnam isn’t the only economy having difficulty finding enough blockchain talent. According to professional social media network Linkedin, job submissions with the keyword ‘blockchain’ in the US will increase by almost 400% in 2020-21.
Do you think Vietnam will be able to compensate for the deficit in blockchain developers through training programs? Share your thoughts on the subject in the comments section below.
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