As businesses dive deeper into the vast ocean of artificial intelligence (AI) to gain an edge in this digital age, the need for skilled AI engineers becomes paramount. However, the challenge lies in finding the right talent to bring your AI dreams to life.
Amidst this quest for excellence, a hidden gem emerges from Vietnam. This Southeast Asian country shines as a burgeoning AI talent hub and a standing startup ecosystem. It ranks 26th in the Global AI Research Ranking 2022 by Thundermark Capital.
In this article, we’ll shed light on six captivating reasons why you should set your sights on Vietnam when seeking an offshore team for your AI endeavors.
The Growth of AI Development in Vietnam
As a matter of fact, only two countries representing Southeast Asia are listed in the Global AI Research Ranking 2022, including Vietnam at the 26th, along with Singapore as the world’s top 30. This proves that Vietnam is standing at the precipice of a promising opportunity to invest in and develop AI applications.
The rise of artificial intelligence in Vietnam is also seen via the revenue growth of the entire ICT (Vietnam – Information and Communication Technologies) industry. It’s reported to reach US $148 billion in 2022, up 8.7% compared to 2021.
TopCV CEO Mr. Tran Trung Hieu, clarified that the need for AI personnel in Vietnam is soaring. More and more employers are looking for AI engineers as well as other related positions. However, there is still a shortage which meets 10% of the recruitment demand in the local market.
6 Reasons to Hire a Vietnamese AI Engineer
Many potential advantages encourage you to hire an AI Engineer in Vietnam. Not only does the country have a dynamic economy and young population, but it’s also eager to adopt new technology.
Polished Vietnamese Gems
Vietnam boasts a pool of talented AI engineers well-equipped with the skills to tackle complex technological challenges. World Intellectual Property Organization (WIPO) estimated that over 1,600 Vietnamese are studying and working in the AI landscape. These individuals are like polished gems, ready to shine and contribute to the success of your AI projects.
Plus, its educational system prioritizes technical proficiency, ensuring that engineers graduate with comprehensive knowledge and problem-solving capabilities. More universities are joining the AI hub by opening AI-related majors such as Data Science and AI, Robotics and AI, or AI. Some famous names are HUST, HCMUTE, FPT University, HaUI, VNUHCM, and more.
On top of that, universities collaborate closely with industry partners, providing practical exposure to cutting-edge technologies. Theoretical knowledge combined with practical experience shapes engineers into polished gems, ready to excel in demanding AI projects.
Affordable Labour Cost
When it comes to the cost of hiring AI engineers, Vietnam offers a golden opportunity. While maintaining a high standard of talent, Vietnam offers significantly lower rates compared to other countries renowned for their AI expertise. This cost advantage allows businesses to optimize their budgets and invest in further growth areas.
The hiring cost can vary depending on experience levels, qualifications, and specific skills. As of 2021, an AI engineer in Vietnam earns an average of $1,000 to $3,000 monthly. However, highly experienced and specialized AI engineers may demand higher salaries.
This number is much lower than the United States or Western European countries, ranging from $100,000 to $150,000 or €60,000 to €80,000 annually, respectively. It’s because of the higher cost of living in these nations that translates into higher salary expectations.
India is another popular destination for outsourcing AI talent, taking you around $600 to $1,500. However, it’s worth noting that you have to examine their skills to ensure the project quality carefully.
A Silver Lining of Government Support
The Vietnamese government recognizes the immense potential of AI in driving economic growth. As a result, they are actively supporting AI talent development through various policies, including funding for AI research, training programs, and the establishment of AI-focused institutions.
Notably, In 2019, Vietnam released its National Digital Transformation Program, highlighting AI as a priority area. The strategy outlines plans for building a digital economy and promoting AI research and development. They have also established research and development centers focused on AI and related technologies. The Institute of Data Science and AI (IDSAI) was launched that same year to foster AI research and collaboration among universities, research institutions, and businesses.
These activities are intended to serve the ambition to rank in the top 50 leading countries in information technology, to 70 on the E-Government Development Index (EGDI), and top 35 in the Global Innovation Index (GII).
English Proficiency of AI Talent
Communication is critical when working with offshore teams. Fortunately, the English proficiency of Vietnamese AI engineers is exceptional. Vietnamese professionals are highly proficient in English, allowing seamless collaboration between teams across borders.
IT/AI or any student who wants to graduate has to pass the B1 English test or gain equivalent qualifications, for example, TOEIC or IELTS certificates. This language of connection bridges the gap and fosters effective collaboration, ensuring the success of your AI projects.
Strong Work Ethic
Vietnamese culture has long emphasized the value of hard work and dedication. This deeply ingrained work ethic is invaluable when assembling an offshore AI team.
Vietnamese engineers are known for their commitment to their craft, demonstrating meticulous attention to detail and an unwavering drive to deliver exceptional results. With their dedication, your AI projects are in good hands.
Growing Startup Ecosystem
Vietnam’s startup ecosystem is rapidly blooming, presenting a fertile ground for innovative ideas. The country has witnessed a surge in startups focusing on AI technologies.
VinAI joins the top 20 leading companies in AI Research. As part of Vin Group, VinAI has made many outstanding contributions to autonomous vehicles, genetic code research, and virtual doctor assistants. Other AI companies are also growing, such as Viettel, FPT, and VNPT, to name a few.
This flourishing garden creates a stimulating environment where AI engineers can collaborate, exchange ideas and share experiences. By tapping into this growing ecosystem, you gain access to a vibrant community of AI professionals, propelling your projects to new heights.
Outsource Your AI Project to Vietnamese AI Engineers Now
When hiring AI engineers, Vietnam offers a treasure trove of benefits. The quality of talent, affordable hiring cost, government support, English proficiency, strong work ethic, and growing startup ecosystem make Vietnam a compelling destination for finding an offshore AI team.
Still, bear in mind some factors when hiring AI engineers in Vietnam. It would help if you looked at their technical expertise on past projects to ensure they can deliver the expected results. Take soft skills like communication and culture fit into account when finding the right AI talent, too.
Embark on this untapped journey to Vietnam and unlock the true potential of your AI endeavors.
