Vietnam is Grappling With a Severe Shortage of Blockchain Talent
Sources reveal that the booming blockchain
sector in Vietnam is facing a serious shortage of trained manpower. Despite a
large number of software engineers in the country, those with blockchain sector
expertise meet less than 20% of the current demand, with businesses already
looking for talent from abroad.
Companies Compete for Blockchain Talents
The English-language portal Bizhub has
reported that Vietnam is facing a severe shortage of human resources in its
rapidly developing blockchain industry. This has affected the advancement
of several blockchain projects in the country. The Southeast Asian country has
adequately trained and capable software developers, but not many have experience
with distributed ledger technologies.
Trinh Ngoc Duc, Chief Executive of the company
that developed the Fight of the Ages game, has explained the dilemma. The
shortages make recruitment difficult, and Vietnam does not have many training
programmes to alleviate the problem, he noted. Quoted by the news outlet, he
elaborated:
"The scarcity of experienced blockchain
programmers affects the product development process and leaves many potential
projects unimplemented."
The shortage of blockchain programmers is
already felt across many industries, including finance, education, healthcare,
logistics, and agriculture. More than 50 sectors of the Vietnamese economy have
started to implement blockchain solutions, with around 600 projects in the
gaming industry.
Kevin Tung Nguyen, CEO of Jobhopin, has
disclosed that the available talent meets only 15-20% of the demand. He
recently lost three employees who were offered payments three times higher than
their remuneration at his company. The market is desperately looking for
blockchain programmers and demand is far outstripping supply, he commented.
Sourcing Talent from Abroad
Nguyen Thi Ngoc Dung from the National
Innovation Center has confirmed that talent sourcing has become a major problem
for many companies in Vietnam’s blockchain space, which has been witnessing rapid
expansion. Companies have already started to look for programmers in other
countries, such as the United Arab Emirates, India, South Korea, and Europe,
she added.
Dung believes that one of the reasons for the
severe shortage in manpower is that many Vietnamese universities are not
offering blockchain-related courses. She also thinks that innovation centers
and successful startups should launch their own short-term courses for students
and expand international cooperation.
A survey conducted by
the Vietnamworks recruitment platform among more than 1,000 people
working in the IT industry has revealed that blockchain engineers get the best
salary packages. But Vietnam is not the only country experiencing difficulties
in fulfilling the demand for enough blockchain talent. Professional social
media network Linkedin has revealed that job postings with the keyword
‘blockchain’ in the U.S. increased almost 400% in 2020-21.
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