Job market shows strong signs of recovery

Vietnam’s job market showed strong signs of recovery in the first quarter of 2021, opening up various opportunities for workers, especially highly-skilled workers.
Job market shows strong signs of recovery ảnh 1Students join a job fair in Ho Chi Minh City. (Photo: VNA)
HCM City (VNA) - Vietnam’s job market showed strong signs ofrecovery in the first quarter of 2021, opening up various opportunities for workers,especially highly-skilled workers.

The labour market has been steadily recovering since early in the year,according to data from Adecco Vietnam, with the number of job openings in Marchrising 40 percent against January. Growth in job applications was 26 percent.

Sectors seeing an increase in hiring demand in the quarter includedEngineering and Manufacturing, Energy, IT, E-commerce, Electronics,Semiconductor Design, Civil Engineering, and Industrial Construction.

The combination of global supply chain shifts and the positive impact offree trade agreements will offer new prospects for Vietnam’s economy into thefuture, leading to a significant increase in employment opportunities andhiring demand, said Nguyen Thi Thu Phuong, Adecco Hanoi’s Recruitment Manager.

In HCM City, the labour market in Q1 was livelier than in the sameperiod last year, according to the municipal Centre for Human ResourcesForecasting and Labour Market Information (FALMI).

Its figures show that there were over 44,000 job vacancies and nearly19,500 jobseekers in the southern economic hub during the period, increasinglocal human resources demand by 13.14 percent year-on-year. The majority ofvacancies (70.38 percent) were in the services sector, followed by industry(29.51 percent) and agriculture (0.11 percent).

The centre forecasts that the city will need between 68,600 and 73,500workers, mostly in the fields of IT, electronics and electricity; mechanics andautomation; healthcare and medicine; accounting and auditing; finance, bankingand securities; real estate; and tourism, lodging and catering services.

Adecco Hanoi Office Director Nguyen Thu Ha explained three main reasonscontributing to the current situation. “The first is the Government’ssuccessful efforts in virus prevention and containment,” she said. “Second,businesses have gradually ramped up their operations and are eager to bounceback after a period of economic stagnation. Third, in terms of psychology,people now are better able to take care their health and cope with coronavirusanxiety.”

FALMI said that demand for trained workers in HCM City made up 85.72percent of the total, including 22.19 percent for university graduates orhigher.

Commenting on the labour market outlook for 2021, Andree Mangels,General Director, Adecco Vietnam believed that the recovery of the economy andthe global trends of digitalization will open up opportunities for skilledworkers.

A recent survey from The Adecco Group on shifts in workplaceexpectations in the post-pandemic world indicate that 82 percent of participantsappreciate the strict hygiene regulations at work.

Other noticeable expectations among workers are flexibility (80 percent),adequate facilities for remote working (79 percent), investment in technology(77 percent), financial support policies (77 percent), and regular updates onbusiness plans and performance (75 percent)./.
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