Domestic IT professionals earn more than Asian counterparts
08:20, 2014/08/16
The average salary of information and communication technology (ICT) professionals in Viet Nam 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, Ha Noi, HCM 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 per cent to reach RM7,152 (US$2,239) from RM6,673 ($2,089) in 2012.
"In Viet Nam, 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 Viet Nam 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.
The average salary in Malaysia in 2013 increased by 7.2 per cent to reach RM7,152 (US$2,239) from RM6,673 ($2,089) in 2012.
"In Viet Nam, 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 Viet Nam 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.
11:37, 2025/02/23
Government-backed waste management startups to be launched
By 2030, each province will have at least five models of senior-led waste collection and sorting.
15:59, 2025/02/16
Hanoi makes remarkable leap in the DTI ranking
Hanoi has been rolling out initiatives to accelerate digital transformation.
22:13, 2025/02/12
Hanoi develops e-commerce database
The database allows for identifying which tax collector supervises each taxpayer.
18:35, 2025/02/09
Hanoi to pilot multiple digital transformation models
Hanoi will step up efforts to build a modern, proactive administrative structure, and improve the legal system.
21:17, 2025/01/13
Government to set aside 3% budget for sci-tech development: Party Chief
Policies to remove barriers to scientific and technological development and maximize creativity must be finalized by 2025.
16:50, 2025/01/09
Hanoi aims to maintain its second-highest EBI ranking
Hanoi laid out a goal to expand consumer market through e-commerce channels and promote cross-border transactions to help businesses export.
- Hanoi honors outstanding faces in innovation, digital transformation
- Land deed digitization accelerated in Hanoi
- Vietnam's capital boosts iHanoi usage by citizens
- Technology, innovation identified as key drivers for Hanoi's growth
- Hanoi intensifies efforts to achieve its digital goals by 2025
- Second Hanoi Technical Innovation Contest launched