Vietnam’s labour market navigated persistent hurdles in the third quarter despite broader economic gains, said Nguyen Thi Thanh Mai, acting head of the Department of Population and Labour Statistics at the Ministry of Finance’s National Statistics Office.
Through targeted measures, including more job-matching programmes, employment fairs, and job creation loans, the Government has effectively connected provinces rich in human resources with key economic hubs.
Since the beginning of this year, the labour market in the key southern economic zone has recovered as domestic and foreign economies have gradually adapted to fluctuations in the global supply chain, raw material prices and operating costs.
In order to make up for the shortages caused by resignations or job changes in the last months of the year, businesses typically hire extra employees. For job seekers, particularly those with specialised talents or experience, the labour market is now opening up a wide range of choices.
Industrial and export processing zones in big industrial hubs have seen the majority of workers returning after Tet. Many has recorded the rate of labourers back to work at 97–98%, and even 100%,
Vietnam’s labour market has experienced steady growth in both size and quality, moving towards modernisation, sustainability, and international integration.
The Ministry urged labour agencies to strengthen monitoring of supply-demand trends and expand online job-matching platforms across provinces to fill the forecast labour gaps in the first quarter.
Ho Chi Minh City will need some 310,000 - 330,000 workers for job vacancies next year, according to the latest survey of the city’s Human Resources Forecasting and Labour Market Information (Falmi) Centre.
Vietnam’s labour market faces a critical challenge as many low-skilled workers, despite losing their jobs, are reluctant to pursue vocational training programmes aimed at helping them switch careers.
In the third quarter of 2024, the labour force aged 15 and above reached 52.7 million, an increase of 114,100 people compared to the previous quarter and 238,800 people year-on-year, according to the General Statistics Office (GSO).
Hanoi’s labour market continues to recover, as a decrease in the number of businesses dissolving and ceasing operations has had a positive impact on it, and over 22,600 job vacancies were offered last month, according to the Hanoi Employment Service Centre.
Ho Chi Minh City needed to hire some 60,000 jobs in four key industries and nine major service sectors in Q3, up 3.5% against the same time last year, according to Director of the HCM City Centre for Forecasting Manpower Needs and Labour Market Information (Falmi) Nguyen Hoang Hieu.
Many localities in the Southern Key Economic Zone have continued to see improvements in the labour market.
Malaysia's GDP expanded by 5.9% year-on-year in the second quarter of 2024, surpassing the estimates, the Malaysian government and the Bank Negara Malaysia (BNM) have reported.
The "Centre of Excellence" project, a centre for green energy training, has made its debut at a recent conference of the Union of Friendship Organisations of the Mekong Delta city of Can Tho.
In response to the city's slowing labour productivity growth, the Ho Chi Minh City People’s Committee has issued a labour and employment strategy for the 2023-25 period, with a vision to 2030.
Vietnamese workers hold numerous opportunities in the high-tech labour market, but stronger efforts are still needed to improve their skills to meet employers’ demand.
The labour market is gradually returning to normal development trends seen before the COVID-19 pandemic, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).
The capital city of Hanoi witnessed 9,400 enterprises enter the market with the total registered capital of 97.6 trillion VND (3.84 billion USD) during January-April, falling 6% in the number of firms and rising 9% in capital as compared to the same time last year, according to the municipal Statistics Office.
