Domestic IT professionals earn more than Asian counterparts
The average salary of information and communication technology (ICT)
professionals in Vietnam and Hong Kong ranked the highest in Asia in
2013.
The average salary of information and communication technology (ICT)
professionals in Vietnam and Hong Kong ranked the highest in Asia in
2013.
Adjusted for purchasing power parity, the salaries of ICT professionals in the two countries were 2.19 and 2.12 times higher, respectively, than their Malaysian counterparts.
According to the latest ICT Job Market Outlook 2014 carried out by National ICT Association of Malaysia (PIKOM) in collaboration with JobStreet.com, in Da Nang, Hanoi, Ho Chi Minh City and Vung Tau, IT professionals earned between 1.48 and 3.68 times more than those in Malaysia.
The average salary in Malaysia in 2013 increased by 7.2 percent to reach 7,152 RM (2,239 USD) from 6,673 RM (2,089 USD) in 2012.
"In Vietnam, they are paid in US dollars. This contributed to the rise in wages," the Malaysian Insider news portal quoted Cheah Kok Hoong, PIKOM's chairman, as saying at a recent media briefing.
He added that Vietnam was experiencing robust economic growth and was "importing" expatriate ICT talent to meet market demand.
The fact that the salary comparison was adjusted for purchasing power parity made the survey's results reliable, said Le Vinh Khanh, software development manager for ASWIG Solutions.
He said a Vietnamese IT specialist's salary might seem lower than their counterpart's on paper, but the salary would be able to buy more goods.
While the labour demand in the IT sector is constantly on the increase, the gap between the limited number of highly skilled workers available and the much larger number of applicants for IT jobs has led to high unemployment rate, Khanh added.
"Many companies, including my own, struggle to find the right staff despite the high rate of applications for vacancies," Khanh said, citing that it took his company four months to find 10 qualified developers with decent expertise and good English skills.
The survey also reveals that ICT professionals in Thailand and China get salaries that are 1.54 and 1.93 times higher, respectively, than in Malaysia. Meanwhile, the US and Australia top the English-speaking nations, with salaries that are 2.08 and 1.90 times higher, respectively, than in Malaysia.-VNA
Adjusted for purchasing power parity, the salaries of ICT professionals in the two countries were 2.19 and 2.12 times higher, respectively, than their Malaysian counterparts.
According to the latest ICT Job Market Outlook 2014 carried out by National ICT Association of Malaysia (PIKOM) in collaboration with JobStreet.com, in Da Nang, Hanoi, Ho Chi Minh City and Vung Tau, IT professionals earned between 1.48 and 3.68 times more than those in Malaysia.
The average salary in Malaysia in 2013 increased by 7.2 percent to reach 7,152 RM (2,239 USD) from 6,673 RM (2,089 USD) in 2012.
"In Vietnam, they are paid in US dollars. This contributed to the rise in wages," the Malaysian Insider news portal quoted Cheah Kok Hoong, PIKOM's chairman, as saying at a recent media briefing.
He added that Vietnam was experiencing robust economic growth and was "importing" expatriate ICT talent to meet market demand.
The fact that the salary comparison was adjusted for purchasing power parity made the survey's results reliable, said Le Vinh Khanh, software development manager for ASWIG Solutions.
He said a Vietnamese IT specialist's salary might seem lower than their counterpart's on paper, but the salary would be able to buy more goods.
While the labour demand in the IT sector is constantly on the increase, the gap between the limited number of highly skilled workers available and the much larger number of applicants for IT jobs has led to high unemployment rate, Khanh added.
"Many companies, including my own, struggle to find the right staff despite the high rate of applications for vacancies," Khanh said, citing that it took his company four months to find 10 qualified developers with decent expertise and good English skills.
The survey also reveals that ICT professionals in Thailand and China get salaries that are 1.54 and 1.93 times higher, respectively, than in Malaysia. Meanwhile, the US and Australia top the English-speaking nations, with salaries that are 2.08 and 1.90 times higher, respectively, than in Malaysia.-VNA
You should also see
15th NA’s second session's first week completes proposed programme: Top legislator
National Assembly Chairman Vuong Dinh Hue assessed that in the first six working days of its second session, the National Assembly (NA) had basically completed the proposed programme.
See more
Business
Coastal localities take stronger measures against IUU fishing
Numerous stronger measures have been implemented by 28 coastal provinces and cities across Vietnam in the past four years in a bid to prevent and combat illegal, unreported and unregulated (IUU) fishing.
Business
Enterprises in Dong Nai province to resume full production in November
Enterprises in the southern province of Dong Nai are expected to resume full and stable operation in November.
Business
Airbus Group has new general director in Vietnam
The Airbus Group has appointed Hoang Tri Mai as its new General Director in Vietnam, a representative of the group announced on October 25.
Business
Vietcombank’s charter capital raise plan approved
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will raise its charter capital to over 50.4 trillion VND (2.22 billion USD) under a plan recently approved by its board of directors.
Business
Vietnam-Japan Joint Initiative focuses on 11 groups of issues in 8th phase
The eighth phase of the Vietnam-Japan Joint Initiative has been officially launched, focusing on 11 groups of issues, according to the Ministry of Planning and Investment.
