Key Takeaways
- Vietnam offers a favorable business environment and strong government support for the tech industry, making it an ideal location for businesses looking to develop Generative AI solutions.
- The country has a highly skilled workforce, including a large pool of talented engineers and programmers, who are well-versed in cutting-edge technologies such as artificial intelligence.
- Vietnam provides cost-effective solutions for businesses looking to develop Generative AI, making it an attractive outsourcing destination compared to other countries such as India and China. Salaries start from USD 2,000 a month only.
In recent years, Generative AI has been revolutionizing the way businesses operate, providing innovative solutions to complex problems.
With its ability to create new data from existing data, Generative AI is quickly becoming a vital tool for industries such as healthcare, finance, and marketing.
The most well-known and popular Generative AI app, ChatGPT, has totally taken the whole world by storm and leading the race for innovating in the Generative AI space.
As a result, the demand for skilled Generative AI tech teams is on the rise.
While many businesses are turning to traditional outsourcing destinations like India and the Philippines, a new player has emerged in the game: Vietnam.
With its rapidly growing tech industry, affordable and highly skilled workforce, and supportive government policies, Vietnam has become a hot destination for hiring Generative AI teams.
In this blog post, we’ll explore why Vietnam is the best destination for businesses looking to hire Generative AI teams.
We’ll discuss Vietnam’s advantages for Generative AI development, and its growing tech industry, and showcase some successful Generative AI projects that have been developed in Vietnam.
So whether you’re a small startup or a large corporation, read on to learn why Vietnam should be at the top of your list when it comes to hiring Generative AI teams.
Before we venture further into this article, we like to share who we are and what we do.
About 9cv9
9cv9 is a business tech startup based in Singapore and Vietnam with a strong presence all over the world.
With over six years of startup and business experience, and being highly involved in connecting with thousands of companies and startups, the 9cv9 team has listed some important learning points in this overview of why you should consider Vietnam to hire your Generative AI tech teams.
If your company needs HR, hiring, or corporate services, you can use 9cv9 hiring services. Book a consultation slot here, or send over an email to [email protected].
Why Vietnam is a hot destination for Hiring Generative AI ChatGPT Engineers
- Explanation of Generative AI
- Vietnam’s Growing Tech Industry
- Vietnam’s Advantages for Generative AI Development
1. Explanation of Generative AI
Generative AI is a type of artificial intelligence that has gained popularity in recent years due to its ability to create new data from existing data.
ChatGPT is one such application of Generative AI.
Unlike other types of AI, Generative AI can generate new and original content, such as images, videos, and text, by learning patterns and characteristics from a given dataset.
Generative AI uses complex algorithms, such as neural networks, to generate new content that can be used for various purposes, including data augmentation, content creation, and even training other AI models.
For example, in the healthcare industry, Generative AI can be used to generate synthetic patient data that can be used for research purposes, while in the fashion industry, it can be used to create new designs and patterns.
One of the key advantages of Generative AI is its ability to create new data that can be used to train other AI models.
This can help improve the accuracy and performance of AI models, as well as reduce the amount of real-world data required for training.
Generative AI has applications in various industries, including healthcare, finance, marketing, and entertainment.
It is also becoming increasingly popular in the field of natural language processing, where it can be used to generate human-like text and dialogue.
Overall, Generative AI is a powerful tool that is transforming the way businesses operate.
Its ability to create new and original content has made it a valuable asset for industries across the board, and its potential is only set to grow as AI technology continues to advance.
2. Vietnam’s Growing Tech Industry
Vietnam’s tech industry has experienced tremendous growth in recent years, making it a prime destination for businesses looking to hire Generative AI teams.
The industry is being fueled by a combination of factors, including a young and highly educated workforce, supportive government policies, and an entrepreneurial spirit that is driving innovation and growth.
According to data from the World Bank, Vietnam’s economy is growing rapidly, with the digital sector expanding by 10 percent every year and it may reach over $200 billion by 2045.
The country is home to over 50,000 tech companies, with many startups focusing on cutting-edge technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT).
According to the draft National Digital Transformation Program, Vietnam aims to ensure that the digital economy accounts for 30 percent of its GDP by 2030.
The Vietnamese government has also played a key role in supporting the growth of the tech industry.
The government has launched several initiatives aimed at promoting innovation and entrepreneurship, including the National Innovation Center and the Vietnam Silicon Valley Accelerator.
In addition, the government has introduced tax incentives and other measures to encourage investment in the tech industry.
One of the key advantages of Vietnam’s tech industry is its highly skilled and affordable workforce.
The country boasts a large pool of talented engineers and programmers.
This makes Vietnam an ideal destination for businesses looking to hire Generative AI teams, as they can tap into a highly skilled workforce at a lower cost compared to other outsourcing destinations.
In conclusion, Vietnam’s growing tech industry is a testament to the country’s potential as a leading destination for businesses looking to hire Generative AI teams.
The combination of a highly educated workforce, supportive government policies, and a thriving startup culture make Vietnam an attractive destination for businesses looking to tap into the latest technological innovations.
3. Vietnam’s Advantages for Generative AI Development
- Highly Skilled Workforce
- Supportive Business Environment
- Affordable Salaries
- Access and Proximity to Cutting-Edge Technologies
- Cultural Compatibility
Vietnam offers several advantages for the development of Generative AI, making it a hot destination for businesses looking to hire AI teams.
Some of these advantages include:
A) Highly Skilled Workforce
Vietnam is home to a large pool of talented and highly skilled workers who are well-versed in cutting-edge technologies such as Generative AI.
Vietnamese developers are widely acknowledged by many to be amongst the top in Southeast Asia for their technical prowess in coding and software development.
The country’s universities and technical schools offer computer science programs that cover topics such as machine learning, data analytics, and deep learning, providing a solid foundation for AI development.
According to the study done by the Program of International Students (“PISA”), Vietnam is ranked 8th in the world for Science and 22nd in the world for Mathematics.
In recent years, Vietnam has emerged as a hot destination for businesses looking to hire AI teams, thanks in large part to the country’s highly skilled workforce.
Many of these workers have experience working for multinational tech companies, giving them exposure to best practices and cutting-edge technologies.
Companies such as FPT, VNG (Vietnam’s first unicorn), Cho Tot (Under Carousell Singapore), are all hiring and are building strong Generative AI teams in Vietnam.
Vietnam’s workforce is also known for its strong work ethic, attention to detail, and ability to work well under pressure.
These qualities are particularly important in the development of AI solutions, where accuracy and precision are crucial.
In fact, one of our directors personally has worked with and has attested to the high quality of Vietnamese tech talents.
Almost half of Vietnamese developers and engineers in Vietnam have almost 4 years of software experience as they are focused on the software engineering career, to accumulate as much experience as possible.
Another advantage of Vietnam’s workforce is its youthfulness.
The country has a relatively young population, with around 68.7% of the population between 15-64 years old.
Furthermore, as the data have shown earlier, 54% of tech talents in Vietnam are 20-29 years old, i.e. tech developers in Vietnam are young.
This means that Vietnam’s workforce is tech-savvy and open to adopting new technologies, creating a vibrant tech culture that fosters innovation.
B) Supportive Business Environment
Vietnam’s government has implemented several policies to support the development of the Generative AI industry, including tax incentives and investment funding.
The country has also signed free trade agreements with major economies such as the EU and the US, making it an attractive location for businesses looking to expand their operations.
Vietnam has made significant strides in creating a supportive business environment for Generative AI development.
The country’s government has been actively promoting the tech industry, offering tax incentives and other benefits to businesses that invest in AI research and development.
One example of this support is the establishment of the National Innovation Center, a hub for technology and innovation that aims to foster collaboration between businesses and research institutions.
The center provides a range of services, including mentorship, networking opportunities, and funding support, to help startups and established businesses alike develop their AI capabilities.
In addition, Vietnam’s legal and regulatory framework supports AI development.
The country’s intellectual property laws provide strong protections for innovative technologies, ensuring that businesses can safeguard their AI solutions and intellectual property.
Moreover, the Vietnamese government has been actively investing in infrastructure and technology to support the tech industry.
The government’s focus on building a strong digital infrastructure, including high-speed internet, has helped to make Vietnam a hub for tech startups and innovative businesses.
At this point, it is useful for us to share a previous article we write that highlighted the top 5 tips for successful hiring in Vietnam. Using our tips, a founder or hiring manager can boost their hiring efforts to acquire the top Generative AI engineers in Vietnam.
C) Affordable Salaries
The cost of hiring a Generative AI tech developer in Vietnam is relatively lower than in other outsourcing destinations such as India and China.
Generally, most tech developers in Vietnam cost on average US$2,000 a month, which is around 30% lower than salaries in most developed countries.
Based on the 9cv9 database, the cost of hiring a Generative AI developer is around USD2,000 to USD4,000 a month depending on the developer’s experience and his/her current salary (he/she would want a markup of 20-30% when switching over to a new company).
The higher salary level for a Generative AI developer is due to the niche and specialized skillset possessed, which require a deep understanding of Artificial Intelligence, Machine Learning, Statistics, etc.
Top developers comparable to Silicon Valley can command salaries of up to USD5,000 to 7,000 a month, a pittance relative to the salary levels of Generative AI developers in the United States.
Even an AI prompt engineer without much “tech” background can earn up to US$335,000 a year.
Compared to most developed countries and high-income countries, the Generative AI developers’ salaries in Vietnam still lack behind and this provides good opportunities for companies to come in to hire.
If you need to quickly kickstart hiring some strong Generative AI developers in Vietnam and you do not have a company here, then you can use 9cv9’s Employer of Record to get started right away.
Read more on our top article here: How to use an “Employer of Record” in Vietnam to boost your business.
This cost advantage, combined with Vietnam’s highly skilled workforce and supportive business environment, makes it an attractive location for businesses looking to develop Generative AI solutions.
D) Access and Proximity to Cutting-Edge Technologies
Vietnam may be a developing country, but it has access to cutting-edge technologies that are crucial for Generative AI development.
In recent years, the country has made significant investments in tech infrastructure and has been actively promoting the adoption of new technologies.
Vietnam’s tech industry is booming, with a growing number of startups and established companies alike working on innovative AI solutions.
These companies have access to state-of-the-art tools and technologies, including cloud computing, high-performance computing, and big data analytics, which are essential for developing advanced Generative AI models.
The country’s universities and research institutions are also at the forefront of AI research, with many working on projects related to machine learning, natural language processing, and computer vision.
These institutions have access to cutting-edge research and development tools, providing a fertile ground for innovation and experimentation.
Another advantage of Vietnam’s access to cutting-edge technologies is its proximity to several innovative and developed countries with a strong research focus on Generative AI.
Countries like Singapore are easily within a short 2-3 hours flight away and this makes it efficient for founders and C-suite executives to meet up regularly and conceive ideas and execute plans relating to Generative AI.
Vietnam’s location in Southeast Asia makes it an ideal gateway for businesses looking to tap into the region’s growing AI market.
The country has strong trade and economic ties with neighboring countries, providing businesses with access to a vast and growing market for AI solutions.
E) Cultural Compatibility
Vietnam has a culture that values hard work, innovation, and collaboration, which aligns well with the values that drive AI development.
In our previous post, we highlighted several salient points on the working culture in Southeast Asia.
This cultural compatibility means that businesses operating in Vietnam can expect to work with teams that share their goals and values, leading to more effective collaboration and better outcomes.
In several of our previous articles, we have shown evidence and proven that Vietnamese tech developers are generally humble and hardworking.
This humility is rooted in Vietnamese culture, which values teamwork, collaboration, and a sense of community.
In the workplace, this translates to a strong emphasis on building strong relationships with colleagues and working together towards a common goal.
Vietnamese developers are also known for their adaptability and flexibility.
They are often willing to take on new challenges and learn new skills in order to support their organization and contribute to its success.
Overall, Vietnam’s combination of a highly skilled workforce, supportive business environment, cost-effective solutions, access to cutting-edge technologies, and cultural compatibility make it an attractive destination for businesses looking to develop Generative AI solutions.
If you need help right away to build a general tech team in Vietnam, then read this article to get started: Key Factors to Build a Tech Team in Vietnam (Updated in 2023)
Conclusion
Vietnam is a hot destination for businesses looking to hire Generative AI teams due to its favorable business environment, strong government support, highly skilled workforce, and cost-effective solutions.
The country’s tech industry has experienced tremendous growth in recent years, fueled by a combination of factors including a young and highly educated workforce, supportive government policies, and a thriving startup culture.
The growth of Vietnam’s tech industry has created a vibrant ecosystem for innovation and entrepreneurship, making it an ideal destination for businesses looking to develop cutting-edge technologies such as Generative AI.
The country’s favorable business environment and strong government support have also helped attract foreign investment, providing businesses with the resources they need to grow and succeed in the tech industry.
Furthermore, Vietnam’s highly skilled and affordable workforce offers a significant advantage for businesses looking to develop Generative AI solutions.
With a large pool of talented engineers and programmers who are fluent in English, Vietnam provides businesses with access to a highly skilled workforce at a lower cost compared to other outsourcing destinations.
Vietnam’s growing tech industry, favorable business environment, strong government support, highly skilled workforce, and cost-effective solutions make it a top destination for businesses looking to hire Generative AI teams.
As the demand for advanced Generative AI solutions continues to grow, Vietnam is poised to play an increasingly important role in shaping the future of the tech industry.
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