A job fair at Saigon Hi-Tech Park in HCM City. Photo www.shtp-training.edu.vn HCM City (VNA) - The demand forhuman resources in Ho Chi Minh City is forecast to rise 2-3 percent annually toreach 4.61 million labourers by 2020 and 5.34 million labourers by 2025,according to a report from the HCM Centre for Forecasting Manpower Needsand Labour Market Information.
Private enterprises, especially small- andmedium-sized enterprises, which play a major role in economic growth, have thehighest demand. They are expected to require 1.87 million jobs this year or66.9 percent of the city’s total employment, the report showed.
Private companies are expected to generate 2.06million jobs by 2020 and 2.4 million jobs by 2025.
Foreign direct investment (FDI) enterprises willneed 776,000 labourers this year, accounting for 27.2 percent of the totalemployment, and 926,000 labourers by 2020 and 1.22 million by 2025.
FDI enterprises play an important role intechnology transfer and generate financial resources for infrastructuredevelopment.
Employment demand in state-ownedenterprises is expected to decline due to restructuring of state-ownedenterprises and equitisation, from 196,000 labourers or 6.9 percent of thetotal demand this year to 183,000 by 2020 and 135,000 by 2025.
While the service sector accounts for 67 percentof total recruitment demand, the industry and construction sectors represent 31percent and the agricultural sector 2 percent of demand.
The labour market will require more highlyskilled workers because of country’s membership in the ASEAN Economic Community(AEC) and signing of free trade agreements, as well as possible membership inthe Trans-Pacific Partnership (TPP).
In the 2017-2020 period, more than 300,000people are expected to look for employment in the city each year.
There will be around 270,000 jobs available inthe city each year in the same period, including 130,000 new jobs.-VNA
VNA
