Guide to Hiring Software Developers in Vietnam

In recent years, the E-commerce industry has become one of the most competitive markets worldwide. This can be explained by the growing availability and reliance on Internet transactions, and digital advertising, as well as the recent pandemic, which saw an exponential increase in e-commerce as a means to conduct business activities.

Vietnam has seen a significant rise in its e-commerce market, with the value being predicted to reach USD 60 Billion by 2030. This rise in demand has resulted in a surge of IT and E-commerce professionals, making Vietnam an ideal location for sourcing top talent for your operations. This guide will walk you through hiring software developers in Vietnam.

Why you should recruit software developers in Vietnam

Growing availability of talent for popular IT and E-commerce positions

The Vietnamese IT industry has seen consistent and considerable growth since 2020 in terms of E-commerce platform development. Currently, the growth rate is forecast by the Vietnamese government at 30% yearly. Vietnam has also been a primary location for foreign investments resulting in several e-commerce platforms originating from the country. 

In response to this, there has been a surge of demand and efforts for the training of Vietnamese IT and e-commerce professionals, making it an ideal country in which foreign e-commerce companies can source highly skilled talent for the most popular software development positions:

Competitive salary ranges for foreign company E-commerce operations

One of the main appeals for hiring software development professionals in Vietnam is the competitive salary ranges for the most popular positions across different skill levels, which has resulted from the increasing demand for these roles:

By offering a position at one of these competitive rates, you are more likely to attract and retain top Vietnamese talent who match your company’s specific needs. These rates are also significantly lower than hiring for similar roles in Western countries, making this a more cost-effective approach to running your e-commerce business. 

Key factors for hiring in Vietnam

Common employee benefits for IT and E-commerce positions

To stand out from the competition and ensure that you attract and retain the top talent for your positions, it is important to understand what the most common and expected employee benefits are for e-commerce roles:

1. Annual bonus and rewards: It is standard to give out an annual bonus (13th month pay) in Vietnam to employees who have worked with a company for at least one year.
2. Flexible working hours: Most technology-based positions do not require standard 9-5 working hours. Potential candidates will be more likely to seek out employment opportunities if you offer flexible working hours.
3. Flexible work location: IT positions often do not require employees to physically work at a specific location. Offering the option to work remotely is a common benefit expected in the E-commerce industry.
4. Career growth and promotion opportunities: Due to the high demand for e-commerce professionals, companies that offer their employees the possibility to develop their career skills are more likely to attract candidates.
5. Competitive salary: You must offer a competitive salary if you wish to attract talent in the competitive e-commerce market, due to the high demand.

For a more thorough look into the Vietnamese labor market’s compliance requirements, be sure to check out RecruitGo’s comprehensive Employer handbook for Vietnam.

Consider supplementary benefits to attract more talent

As the e-commerce industry in Vietnam is in perpetual growth, more and more foreign businesses will likely seek to source professionals for their operations in the country. To distinguish yourself from the competition and increase your reputation as a top employer, there are several additional benefits and job perks that you can offer:

• Flexible work schedules
• Casual dress code
• Additional annual leaves
• Private health insurance (with family coverage)
• Providing English classes and/or sports memberships
• Annual company trips
• Team building activities
• Premium office space
• Career and personal development programs
• Home office setup funds

Keep in mind that you should tailor supplementary benefits to your company policies regarding culture and work style to ensure. For example, suppose your e-commerce privacy policies require that work be performed on-site and not remotely. In that case, it is best practice to design appealing premium office spaces with a more casual, people-centric style.

Hiring made easy with an Employer of Record

If you are planning on sourcing your software developers from Vietnam, then you will need to remember that before you can start hiring staff there are several administrative steps that you must follow. These include setting up a Vietnamese company, a costly process that can take up to a month. 

RecruitGo’s Employer of Record service in Vietnam allows you to start hiring immediately from the Vietnamese market, without the need to set up a local entity. RecruitGo will act as the legal employer of your E-commerce professionals in Vietnam and our team of experts will ensure that all compliance and hiring requirements are properly addressed.

Whether you already have prospective employees ready to start or if you wish to make use of our existing network of top talent, the EOR will assist you at every step of the hiring process, allowing you to focus on growing your business. Contact one of our experts via the form below to get started today!