Indonesia, Vietnam and Taiwan are emerging markets for offshore talents4 min read

Covid-19, an e-commerce boom and an ongoing labour shortage have led employers to look to offshore talents for their tech capabilities.

But hiring offshore talents isn’t a straightforward deal.

For instance, employers have to sift through several offshore talent markets and their skills on offer.

Time and work culture differences as well as company hiring budgets are also other factors to consider.

Our new ebook Remote Hiring for Startups will guide companies in the offshore hiring process.

It covers topics such as the common motivations for remote hiring, the different types of remote hiring, common remote roles and remote hiring’s pros and cons.

It also summarises the strengths, work cultures and other unique propositions about Indonesia, Vietnam and Taiwan.

While countries like China, India and the Philippines are leading offshore talent markets, these three countries are up-and-coming markets to look out for.

Here are four reasons why Indonesia, Vietnam and Taiwan are strong contenders for remote tech teams.

Related: Make remote work work for you

1. Close proximity to Singapore and Hong Kong, plus lower salaries and diversity of skills

Indonesia and Vietnam are an hour away in terms of time differences from Singapore and Hong Kong.

For Taiwan, there are no time differences between the latter two cities.

The close proximity makes working with offshore talents in Indonesia, Vietnam and Taiwan a lot easier when compared with countries that are further away. 

With just an hour’s time difference tops, offshore teams are able to work in-sync with their headquarters based in Hong Kong and Singapore.

Their salaries are also significantly lower than locally hired talent. 

Here is a brief breakdown of what senior and junior developers make in Indonesia and Vietnam, compared with Singapore.

Furthermore, Indonesia and Vietnam have much larger populations.

Therefore, both countries offer much wider and more diverse talent pools when compared to Singapore and Hong Kong.

Indonesia, for instance, has 270 million people, while Vietnam has 96 million people.

2. Taiwan’s semiconductor and chip sectors have groomed highly qualified offshore talent

Taiwan is home to many tech giants and unicorns. Google, Foxconn and Appier are just some of the famous ones.

These tech giants have also taken it upon themselves to train large numbers of graduates in tech functions. 

Hence, you get skilled engineers, data analysts, AI specialists and R&D specialists from Taiwan.

The island has a highly educated yet cost-competitive workforce.

It offers employers who want to automate some of their manual processes a skilled tech labour pool that won’t break the bank.

Related: 2021 Southeast Asia Tech Talent Report

3. Vietnam’s offshore talents are experts in cloud computing and DevOps

Vietnam has attracted tech investments from multinational corporations and Fortune 500 companies since 2005. 

Its digital economy and manufacturing sector have thrusted the country into the tech talent limelight.

With a projected growth of US$52 billion by 2025, the digital economy has produced many skilled locals well-versed in machine learning and AI.

On top of DevOps, they are also proficient in data science and blockchain technology. 

Its fast-growing economy has translated into a high literacy rate, with 96 percent of them considering themselves literate.

Combined with the promising outlook, employers can look forward to a growing pool of graduates qualified in specialised tech skills.

4. Indonesia’s e-commerce giants have inspired a new generation of tech talent

Indonesia’s unicorns, or startups worth more than US$1 billion, have created such high demand for tech talent that the country faces its very manpower shortage.

The digital economy is projected to grow by over US$100 billion by 2025. It is the region’s largest digital economy by far. 

Education institutions recognise this and are offering more tech programmes to keep up with demand.

About 2 million grads enter the workforce annually, which gives employers the advantage of a diverse workforce.

Indonesia’s e-commerce-powered economy has turned up tech professionals skilled in web development, data science, fintech and machine learning or artificial intelligence.

The process of hiring offshore talents varies from employer to employer. The ebook, as well as the above information, should help employers make informed decisions when it comes to building their first offshore team.

Want to learn more about remote hiring? Download our ebook Remote Hiring for Startups here.

This article is brought to you by Glints for Employers, the trusted partner of global startups and enterprises for talent recruitment and management in Southeast Asia and Taiwan. Half the time, half the cost – our expert, tech-enabled team of recruiters will help match you with skilled candidates locally and across the region, and onboard new remote talents to your business quickly and affordably. 

Discover our full range of hiring services and start building great teams and capabilities today.

Book a free consultation!