Income up to 700 million/year, but it turns out that this coder in Vietnam is still the lowest in the world

An income of up to 700 million/year is a desirable number for the vast majority of Vietnamese, even for those working in the programming industry. But this number is the average for blockchain programmers in Vietnam.

According to Coin98 Analytics’ newly published report on Vietnam crypto market 2022, the average salary for blockchain personnel in Vietnam is at $30,000. This has been confirmed by Mr. Tran Huy Vu – CTO Kyber Network – when he said that ” the salary for blockchain personnel is usually 20-50% higher than traditional IT industries. People with 3 years of experience in the blockchain field. can be equivalent to 6-9 years in another industry “.

Despite receiving such a desirable salary, this figure in Vietnam is still quite low compared to the average in Asia and many other regions. Coin98 Analytics reports that the average salary for blockchain employees in South America is $42,000, in Africa the figure is even higher at $47,000 per year. Other regions such as Asia, Europe or even remote working also have a median income many times higher than Vietnam.

According to Coin98 Analytics, the fact that the staff working in the blockchain field has a higher salary than the traditional IT industry is because Vietnam is facing a shortage of qualified personnel in the field. This.

On the other hand, currently, not many universities in Vietnam have developed professional training programs on blockchain, making this shortage even worse. If compared with the world, currently many major universities in the world such as MIT, Stanford, Oxford, Harvard, Berkeley … all have many training programs dedicated to blockchain.

Commenting on the demand for blockchain personnel in Vietnam, in an interview with Vietnamnet, Mr. Huy Nguyen, CEO of KardiaChain said: ” According to the formula, a country needs 1% of the population to develop new industries. , then Vietnam needs at least one million workers. However, in reality, it only meets 1-2% of the market’s demand .”

That shows how high the demand for blockchain professionals is in Vietnam. Moreover, contrary to what many people think, instead of just being present in digital currency applications, Vietnam now has over 10 large enterprises testing the application of blockchain technology in their business activities. Most of them are applications for the financial and banking sector, besides managing reward points, personal information, …

Meanwhile, according to Forbes, there have been the top 50 billion-dollar companies in the world, including famous names such as Amazon, Google, Samsung, Facebook … that have applied blockchain technology to their operations.

The current income level as well as the online working environment of blockchain applications also shows the competitive potential of Vietnamese human resources in the world market in this field.

Despite appreciating the competitiveness of Vietnamese blockchain human resources, the Coin98 Analytics report also acknowledges that the blockchain business environment in Vietnam is still difficult. Legal barriers are limiting the ability of blockchain startups to access capital, making Vietnam’s ability to compete and attract blockchain human resources even weaker than the rest of the world.