Hiring demands in remaining months

Electronics, mechanics and wood sectors in the southern region are expected to reduce hiring in the coming months. (Photo: VNA)

Hanoi (VNA) – Businesses producing consumption goods are managing to stay afloat in the context of COVID-19 spread, leading to the suspension or cancellation of recruitment.

Meanwhile, those operating in banking, stock market, insurance and IT sectors still have high demands for employees in the remaining months of the year, according to a report released by Navigos Search - a middle and senior recruitment service of Navigos Group.

Shaken by coronavirus storm

Nguyen Phuong Mai, Navigos Search’s Managing Director, said electronics, mechanics and wood sectors in the southern region are expected to reduce hiring in the coming months.

Consumption demands in European and American countries have shrunk due to complex developments of COVID-19, causing difficulties to Vietnam’s wood exports to the markets, she explained.

The domestic coronavirus situation has also affected the export, she said, adding that the recruitment suspension will last from three to six months. Several job posts available are for middle-level managers.

Recruitment in the pharmaceutical and medical device sectors is also expected to fall. Multinationals in the latter are delaying expansion due to the pandemic.

Many companies in the two sectors are downsizing or restructuring their business model and not hiring except in marketing and sales positions.
Enterprises in the fast-moving consumer goods (FMCG) sector have cancelled or delayed recruitment during the pandemic and are operating at low capacity.

But they are in need of large numbers of employees in sales, marketing and finance - accounting.

The agricultural sector needs candidates with proficiency in English.

Big companies in the livestock and poultry sector want to hire foreigners as senior managers.

On the other side…

This year’s second quarter saw the robust development of the securities market, along with decisions to raise charter capital made by many commercial banks, signaling an expansion of banks and securities firms in the time ahead.

Recruitment, especially of mid- and top-level personnel, is expected to rise in the third quarter, mainly in technology, data and development of sales teams (branch managers and regional directors).

Sales and IT personnel are in great demand in the insurance, banking and securities sectors.

Hiring demands at banks, and stock and insurance firms are forecast to increase in the months to come. (Photo: VNA)

Foreign companies need experienced candidates in new sectors such as big data, design, marketing, and digital transformation.

Vietnamese commercial banks prefer candidates who are overseas Vietnamese and foreign experts in the Asia-Pacific region. Meanwhile, non-life insurance and banks of the Republic of Korea (RoK) are recruiting Japanese and Korean employees.

Apart from the financial sector, the semi-conductor industry is also expected to need more human resources in the time ahead.

Major foreign groups have showed their interest in the domestic semi-conductor industry. A US group operating in Vietnam has recently been licensed to invest 475 million USD in a modern chip production and assembly facility at the Saigon Hi-tech Park (SHTP).

Another foreign group has also shifted from high-tech to processing, contributing to facilitating the operation of semi-conductor enterprises.

The semi-conductor industry is expected to have huge hiring demand for experienced and skilled engineers at least for the next five years.

The sector is attracting a lot of attention and investment from foreign enterprises.

In another report announced in June, Navigos Group said recruitment demand of Japanese companies in Vietnam recovered in the second quarter of 2021, but being good at Japanese is no longer a competitive advantage for candidates applying to the company.

Candidates with more experience, expertise and better soft skills will have a competitive advantage in the market, it said./.