The information technology (IT) sector recorded the highest growth in job vacancies in the third quarter of 2014, accounting for 15 percent of total jobs, according to a report by Navigos Search, the leading provider of executive recruitment services in Vietnam.

The IT sector ranks second out the top five sectors with the highest demand for new employees. In the previous quarter, it ranked fourth with 9 percent.

Navigos Search Managing Director Nguyen Thi Van Anh said the sector was booming due to an increase in incomes, the modernisation of businesses and improved government policies.

Outsourcing of IT services from other countries to Vietnam is also an important factor in the sector’s expansion, she stated.

The report shows that Vietnam is becoming a manufacturing hub for electronic devices due to a rise in salaries for IT employees in China. Producers are therefore moving to Vietnam, where salaries are two thirds lower than in China.

Between July and September, the manufacturing sector recorded the highest demand for senior and middle-ranking personnel.

The garment and footwear sector accounted for 10 percent of total job vacancies, ranking third. During the second quarter, it was in fifth place.

It was followed by retail and the financing, banking and insurance sector, with 9 percent and 7 percent, respectively.

The highest monthly salary paid in July-September was 110 million VND (5,170 USD) paid by a retail company in Ho Chi Minh City for its sales manager and by a services group in Hanoi for its finance manager.

Based on figures for the first 10 days of October, Navigos Search predicts the three sectors with the highest demand for senior and middle-ranking employees until the end of this year will be the garment sector (17 percent), information technology and retail (12 percent each).-VNA