VIETNAM IT WORKFORCE RETENTION OVERVIEW

The report offers insights into a dynamic, high-demand IT labor market in Vietnam, with active talent mobility, while still maintaining relatively strong employee loyalty compared to regional and global benchmarks.

Vietnam has seen a noticeable increase in employee turnover, particularly in the technology and service sectors, driven by rapid market expansion and intense competition for skilled talent. However, despite this mobility, the IT workforce continues to show positive retention signals.

Key Takeaways

Only 5% of employees expect to leave within the next two years, around 5% lower than the global average, indicating comparatively strong employee loyalty.
The company’s financial stability, competitive salary, and attractive benefits are the primary drivers of employee retention.
Voluntary staff turnover varies significantly depending on company maturity, size, and organizational culture.
The main reasons for job changes include uncompetitive or below-expectation salaries and shifts in career direction.
The voluntary turnover rate in IT remains low, with Vietnam recording lower attrition compared to other Southeast Asian countries.

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FAQs

1. How stable is the IT workforce in Vietnam?

Vietnam’s IT workforce shows relatively strong stability compared to regional and global benchmarks. Although job-switching activity is rising due to high demand for skilled talent, only about 9% of professionals are actively seeking or considering new opportunities, which is 11% lower than the global average. Additionally, only 5% expect to leave within two years, also lower than global figures.

2. What is the voluntary turnover rate in Vietnam’s IT sector?

4. What are the key factors that retain IT employees in Vietnam?