Whether you’re an aspiring unicorn or an established business, growth and innovation is now synonymous with scaling up your tech capabilities. There’s no doubt that the IT landscape has become incredibly saturated with tech start-ups mushrooming like never before. Competition is at an all-time high, operational costs are always climbing, and talent is getting scarcer by the day.
While the pandemic has accelerated the demand and shortage for tech talent, it has also taught us that the world’s our oyster, rewarding those who are willing to venture offshore to hire regionally or globally.
This is where Tech JDI is advocating the hiring of tech talent in Vietnam to complement your current set up in HQ , for 3 key reasons:
- Gross salaries are approximately 40% lower than that in Singapore’s.
- Embracing diversity in talent, skill sets and culture from distributed teams without compromising on quality
- 100% ownership for better quality control, minimizing technical debt, and increasing investor confidence
Assuming a lean team of 3 pax in Vietnam, and here’s what the numbers would look like:
Now, compare this with the same employee roster in Singapore, their developer hiring cost is much higher:
Vietnam has come a long way since its emergence from the Vietnam War. Their future is now being written by a growing population of students, coders, engineers, entrepreneurs, and innovators, all enthusiastic for a better future.
For startups from mature markets such as Singapore, Vietnam presents a unique window of opportunity to further their tech capability and market expansion while still being able to cut down developer hiring cost.