Singapore is among the top three fastest-growing countries by organizations’ hiring rates. With the widespread shift to remote work, tech startups and enterprises are more eager than ever to hire remote software engineers.
While hiring in the Philippines and India are familiar among Singapore companies, Vietnam is a pretty new market discovered recently. However, this new candidate has been the go-to option for companies like Grab, Lazada, and DoctorsAnywhere to ramp up their search for highly skilled remote software engineers.
Why hire remote software engineers in Vietnam?
Vietnam is home to 400,000 software engineers. The Vietnamese tech workers are also known for their high proficiency in maths, science, and reading. According to a local IT recruitment resource of the 2010s and 2020 report, 95% of tech professionals in Vietnam have a bachelor’s or higher degree in IT or computer science.
Whether it’s the supply capacity, candidates’ quality in coding and English level, or the cost per hire, Vietnam shows its worth by the hired remote software engineers’ work performances and loyalty.
How much does it cost to hire a remote software engineer in Vietnam?
Even though software engineers are among the top highest paid professions in Vietnam, compared to ones with equivalent work experience and skills, the salary of a Vietnamese remote software engineer is typically 60-80% of Singapore’s market-rate salaries.
Starting at SGD2k, you’ll get a fine remote software engineer in Vietnam with two years of experience. From SGD3k, your candidate will be competent in both English and coding skills. That explains why many Singapore startups find it very enticing to hire remote software engineers in Vietnam, considering the talent they get in return.
How to legally hire software engineers in Vietnam?
There are two ways you can legally hire software engineers in Vietnam. You can establish a legal entity in the country by yourself or have someone do so for you on your behalf.
Set up a legal entity in Vietnam
Several global tech giants and unicorn startups have settled with local entities in Vietnam to hire and pay local software engineers.
On the one hand, this traditional approach enables international firms to expand their tech talent pool in Vietnam. On the other hand, it requires a great deal of time, money, and specialized executives to deal with complex tasks such as compliance, local tax regulations, and labor laws in the country.
Have someone take care of the hire and legal part for you
Hiring and paying foreign employees can give the people in charge of recruitment a headache. Setting up a new entity in Vietnam is far from easy. And even if you complete this part, it’s not a guarantee you will be able to hire the software engineers you need in due time.
Companies across industries with tech talent demand, thus, are keen to outsource their hiring process and legal work to tech hiring firms. These firms, depending on their work models, may offer services as the following:
- Headhunting the remote software engineers in Vietnam – many international and local firms provide this in Vietnam. It can also be offered by individuals such as headhunters.
- Assessing candidates upfront for clients – is what only a few firms do as it takes time and requires people with solid backgrounds and skills in IT, human resources, and the Vietnam market to do it right.
- Setting up and managing payrolls, legal assistance, human resources, and administrative tasks – The companies mentioned in the first point usually also provide this service.
- Welfare and benefits after hiring remote software engineers in Vietnam for clients – it’s hard to find such service among IT companies in Vietnam as most do software outsourcing, which means they don’t allow their clients to own the remote software engineers.
Do you want to own remote software engineers in Vietnam – without worrying about the legal part, admin work, and payrolls? Let’s talk!
Software engineers are the backbones of tech startups and enterprises. That’s why many tech companies are switching from outsourcing their products to other countries to strengthening their development team with remote full-time tech talent who will help their companies grow in the long run.
Hire remote software engineers in Vietnam, and just the right ones for your team
Building a remote software engineering team in another country can be time-consuming. Local labor laws, taxes, and mandatory employee benefits are just a lot for you to keep up with.
But we won’t let this stop you from getting the remote tech talent you need in Vietnam.
For five years and a half, we have partnered with Singapore startups and enterprises to search, pre-assess candidates, and get them the right ones for their tech team. This year, we are also getting trusted by US-based firms in transforming their development team into a full-circle crew, with remote software engineers in Vietnam covering up the night shift of their colleagues in the US.
Want to learn how it all works? Book a demo today to find out.