In recent years, the IT talent market in Vietnam has witnessed a strong surge of foreign offers. International companies are rushing to seek IT talents from Vietnam, making the market fiercely competitive. This poses a significant challenge for domestic businesses: how to retain IT talent?

 

In this article, we will analyze the reasons behind the foreign offer storm and the challenge of retaining IT talent faced by Vietnamese companies. At the same time, we will propose effective strategies to retain the top talents in the information technology industry.

 

 

The strong growth of international tech companies in Vietnam has created a highly competitive environment for IT talent. Attractive foreign offers are a major factor driving the current volatility in the IT talent market.

 

 

In recent years, major tech companies from the US, Japan, South Korea, Singapore, and other developed countries have been expanding their offices in Vietnam. Along with this expansion comes an increasing demand for high-quality IT talent. This has created a "storm” of foreign offers that are extremely appealing to IT professionals in Vietnam.

 

 

 

 

One of the key factors making foreign offers appealing to Vietnamese IT talent is the extremely attractive compensation packages. These companies not only offer significantly higher salaries than the average in Vietnam but also provide highly competitive benefits such as:

 

• Project-based bonuses: Paid hourly or based on project progress, enabling employees to earn higher income.
• Comprehensive benefits: Including health insurance, social insurance, extended leave programs, and fair treatment for both local and foreign staff.
• International advancement opportunities: Working in a global environment, joining large projects, and opportunities for promotion to senior positions in the parent company.

 

 

 

 

Vietnam is one of the countries with a large pool of IT talent at competitive costs. Foreign companies see this as an opportunity to improve production efficiency with lower costs while maintaining high-quality work.

 

• Creativity and strong teamwork skills: Vietnamese IT professionals are known for their creative thinking, excellent teamwork, and ability to perform well under pressure.

• Low labor costs: Although salaries in Vietnam are lower than in Western countries, the outstanding quality of work makes this an ideal choice for international companies.

 

 

 

As foreign companies accelerate recruitment, domestic businesses face the tough challenge of retaining IT talent. Creating an attractive working environment and retaining top employees is not an easy task.

 

 

With the appeal of foreign offers, retaining IT talent has become a difficult issue for local tech firms. High salary is no longer the only factor influencing the decisions of IT professionals—working environment, career development opportunities, and additional benefits also play a vital role.

 

 

To retain IT talent in such a competitive environment, Vietnamese companies need to shift their approach and build a more suitable working environment. Below are some key strategies:

 

Vietnamese companies should offer more competitive compensation packages to attract and retain IT talent. Besides salary and bonuses, benefits such as healthcare, family support, flexible leave policies, and recognition programs should be prioritized.

 

 

 

IT talent always seeks an environment where they can grow their careers. Therefore, companies need to establish clear promotion paths, provide learning opportunities, and allow employees to participate in major projects to enhance their skills.

 

 

IT professionals highly value companies with flexible and innovative working environments. Offering remote work options, flexible schedules, and creative freedom will help build an ideal setting for long-term employee engagement.

 

 

A positive corporate culture where employees feel respected and encouraged will help create a desirable workplace. Training programs, team building activities, and engagement initiatives are great ways to foster a friendly and inclusive environment.

 

 

The foreign offer storm is creating a major challenge for IT companies in Vietnam. However, businesses can retain IT talent by adopting appropriate compensation strategies, flexible working environments, and clear career development opportunities.

 

In this context, Vietnamese companies need to shift their mindset and improve HR policies to connect talent with the organization, while creating a workplace full of creativity and long-term development opportunities.

 

 

If you're struggling to recruit or retain IT talent, HR2B is your strategic partner in building and developing an excellent IT workforce. With our professional IT recruitment services, we are committed to providing you with talent that meets your business requirements.

 

Contact HR2B to learn more about our IT recruitment services and comprehensive HR solutions!