Dong Nai, HCM City struggle to meet labour demand

Companies in the southern province of Dong Nai need to find more than 30,000 new employees by the end of next month to make up for the shortage caused by the post-Tet staff turnover, according to the local Department of Labour, Invalids and Social Affairs.
Dong Nai, HCM City struggle to meet labour demand ảnh 1Workers at ​Dong Xuan Loc JSC in ​Dong Nai Province’s Xuân Lộc District. ​(Photo: VNA)

HCM City (VNA) - Companies inthe southern province of Dong Nai need to find more than 30,000 new employeesby the end of next month to make up for the shortage caused by the post-Tet staff turnover, according to the local Department of Labour, Invalids andSocial Affairs.

Firms in labour-intensive industries such asfootwear, electronics, textile and garment are in need of a large number ofworkers, it said.

For instance, TaeKwang Vina Industrial JSCneeds 2,000 and Olympus Vietnam,1,500.

According to a spokesperson for the Dong NaiGarment Corporation, the company urgently needs 2,500 workers, but labourdemand constantly outstrips supply in the province.

The company has to improve wages and theworking environment to retain and attract workers.

Most companies require female manual workerswith monthly salaries of 6 million VND (265 USD) per person.

Over the course of the whole year theprovince needs to recruit nearly 79,000 workers, more than 60,600 of themunskilled, the department reports.

Companies in Bien Hoa city alone will hirenearly 30,000 workers, with those in Nhon Trach and Trang Bom districts adding11,000 each.

Dong Nai province is home to 30 industrialparks and export processing zones with tens of thousands of companies.

In HCMCity, companies inindustrial parks and export processing zones alone need 3,000 manual workersand 300 trained engineers this month, according to the Employment ServiceCentre of the HCM City Export Processing and Industrial Zones Authority.

The hiring will be done by both existingcompanies to expand production and new companies.

Tran Anh Tuan, deputy director of the HCMCity Centre for Forecasting Manpower Needs and Labour Market Information, saidthat post-Tet labour demand in the city was estimated at 20,000.

Of that figure, workers with college degreesor higher qualifications accounted for 27 percent, semi-skilled and skilledworkers for 38 percent and manual workers for the remaining 35 percent.

Navigos Search, a senior and mid-levelmanager recruitment service provider, has forecast that besides key industriessuch as manufacturing, banking, retail, and IT, which always have demands forworkers, some new industries like advertising and communications are likely togrow rapidly this year after a series of M&A deals done last year.-VNA
VNA

See more

Prime Minister Pham Minh Chinh presents Tet gifts to workers in Ngoc Lac district, Thanh Hoa province, on January 26. (Photo: VNA)

Thanh Hoa should be nation’s growth pole: PM

PM Pham Minh Chinh expressed his confidence that the Party organisation, administration, whole political system, armed forces and people of Thanh Hoa will promote solidarity and take drastic actions to fulfill the tasks for 2025 with results better than last year's.

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.