Vietnam’s Blockchain Industry Faces Shortage of Talent

According to Bizhub, Vietnam’s lack of human resource is preventing the advancement of projects in its rapidly growing blockchain industry. Although the country is home to many skilled software developers, few have the required qualifications to use distributed ledger technology.

Trinh Ngoc duc, chief executive of the company responsible for the Fight of the Ages, stated that Vietnam’s shortages make recruitment difficult. He elaborated on the statement, which was quoted by the news outlet:

A lack of blockchain programmers with experience can affect product development and leave many potential projects unimplemented.

Many industries are already suffering from a shortage of blockchain specialists, such as finance, education and logistics. With over 600 projects in the Gamefi sector alone, more than 50 sectors have begun to use blockchain solutions.

According to Kevin Tung Nguyen (CEO of Jobhopin), existing talent cannot meet between 15% and 20% of the demand. Three of his employees were recently laid off after being offered three-times the remuneration. He said that the market is hungry for blockchain programmers, and that competition is getting fiercer for them.

Vietnamese Blockchain Companies Forced To Seek Foreign Experts To Fill Vacant Posts

Many firms have found it difficult to source talent in Vietnam’s growing blockchain industry, according to Nguyen Thi Ngoc Nung of the National Innovation Center. She said that some companies are now looking for programmers in countries such as India, South Korea, the United Arab Emirates and Europe.

Dung believes one reason is that Vietnamese universities don’t teach blockchain. Dung also believes that successful startups and innovation centers should offer short-term courses to students in order to expand international cooperation.

The Vietnamworks recruitment platform found that blockchain engineers earn the highest salaries. However, Vietnam isn’t the only country having difficulty finding blockchain talent. According to Linkedin, the number of job posts with the keyword blockchain’ in the U.S. increased almost 400% between 2020-21.