[Ho Chi Minh, 23/12/2024] – BlockchainWork, Vietnam’s leading blockchain talent community, is proud to officially launch the “Vietnam Blockchain Job Report 2024” – the first-ever in-depth analysis of the blockchain job market and workforce in Vietnam. This landmark report provides critical insights into hiring trends, workforce dynamics, and industry developments, highlighting Vietnam’s evolving role as a global blockchain powerhouse.
Blockchain technology has rapidly become a cornerstone of global innovation, transforming industries from finance to education. Vietnam, recognized as one of the most promising blockchain markets worldwide, is now at a pivotal moment. The report underscores the importance of collaboration among businesses, educational institutions, government agencies, and the broader blockchain community to sustain and amplify the industry’s growth.
Vietnam’s Emergence as a Blockchain Leader
Vietnam’s position on the global blockchain map is solidified by its remarkable achievements:
- 5th globally in crypto adoption in 2024 (Chainalysis), a testament to its enthusiastic adoption of blockchain technologies.
- Over Ten startups with valuations exceeding $100 million, showcasing the country’s innovation and entrepreneurial spirit.
- A projected double-digit compound annual growth rate (CAGR) for its blockchain market through 2027, driven by rising demand and investment (TechSci Research).
Furthermore, Vietnam boasts one of the highest cryptocurrency ownership rates in the world, with 21.2% of the population owning crypto assets in 2024, and its crypto investors ranked 3rd globally in profits, generating $1.18 billion in 2023.
These milestones highlight Vietnam’s transition from an adopter of blockchain technology to a global innovator and leader in the space.
Key Findings from the Report
1. Non-Tech Roles Dominate the Job Market
Blockchain may be a technology-driven industry, but 71.8% of jobs in Vietnam are non-technical. The demand for professionals in marketing, design, and business development underscores the industry’s shift from experimentation to full-scale adoption and market growth. These roles are essential for bridging the gap between technology and real-world application.
2. Critical Need for Backend and Blockchain Developers
Technical roles remain vital for the industry’s foundation. Backend development leads job demand at 22.5%, followed by Blockchain Developers at 17.1%. Companies are prioritizing the creation of robust blockchain infrastructure and innovative solutions, making these positions critical to the industry’s long-term success.
3. Negotiable Salaries: A Candidate’s Market
More than 60% of blockchain jobs in Vietnam offer negotiable salaries, reflecting the flexibility and competitive nature of this emerging field. Skilled candidates, especially those with niche expertise, have significant leverage in salary and benefit discussions.
4. Vietnam’s Blockchain Workforce is Evolving
The diversity in roles and salary ranges reflects the maturity of Vietnam’s blockchain ecosystem. While technical roles typically dominate mid-range salary brackets (20–40 million VND/month), 22.5% of non-tech jobs offer salaries in the higher bracket of 40–50 million VND/month, particularly for senior positions in marketing and project management.
Opportunities and Challenges
The report not only highlights Vietnam’s strengths but also calls attention to pressing challenges that must be addressed for sustainable growth:
- Talent Shortages: The industry faces a scarcity of skilled professionals, particularly in specialized technical roles.
- Education Gaps: Formal blockchain training programs remain limited, creating a gap between industry demand and available talent.
- High Competition: With an increasing number of blockchain companies entering the market, competition for top talent is fierce.
To overcome these challenges, the report emphasizes the need for:
- Stronger collaboration between businesses, universities, and government agencies to develop a skilled workforce.
- Tailored education programs that address blockchain-specific skills.
- Strategic partnerships to enhance Vietnam’s position in the global blockchain ecosystem.
A Call to Action from BlockchainWork
Tiên Lê, CEO of BlockchainWork, shared her vision for the industry:
“The blockchain technology industry in Vietnam is growing at an extraordinary pace. However, sustaining this momentum requires us to address challenges head-on, particularly in workforce development. The Blockchain Job Report 2024 is more than just data – it’s a call to action. By working together, businesses, educational institutions, and government agencies can create a robust blockchain ecosystem that positions Vietnam as a global leader. I firmly believe that through collective efforts, we can unlock the full potential of blockchain in Vietnam.”
Why This Report Matters
The “Vietnam Blockchain Job Report 2024” is a must-read for:
- Businesses looking to attract and retain top talent in a competitive market.
- Policymakers aiming to support blockchain growth through informed decisions.
- Educators seeking to align training programs with industry needs.
- Professionals and students exploring opportunities in the blockchain space.
Download the Full Report
The full report is available for free download, offering a comprehensive overview of Vietnam’s blockchain job market and workforce dynamics: https://forms.gle/DYoaa3HhjkEc4dkz7
About BlockchainWork
BlockchainWork is Vietnam’s leading blockchain talent community, connecting talents and businesses in the fast-growing blockchain industry. Founded in 2021 by Japanese and Vietnamese entrepreneurs, BlockchainWork collaborates with over 200 companies and educational institutions to foster talent development, promote innovation, and drive Vietnam’s leadership in Web 3.0 and blockchain technology.
Contact us: contact@blockchainwork.net
Website: www.blockchainwork.net
