As costs rise, Apac firms turn to Vietnam, Philippines for talent: report

[HO CHI MINH CITY] As challenging economic conditions continue to trigger widespread layoffs and tighten business budgets, companies in the Asia-Pacific region are turning to skilled yet affordable talent in developing countries, such as Vietnam and the Philippines.

This is according to Recruitery, a Vietnam-based headhunting and payroll solutions company. Its services provided to foreign clients looking for candidates in the two countries surged 300 per cent year on year in the first quarter of 2023.

Recruitery – which has offices in Singapore, India, Vietnam and Indonesia and serves about 300 clients – said more companies are looking for Vietnamese talent in jobs related to marketing, accounting, software and products. Filipino workers, meanwhile, are also popular because of their education levels, and can fill roles in customer service and sales.