More jobs expected as firms relocate from China to Vietnam

Recruitment demand, especially senior positions in consumer electronics and real estate, is expected to increase as more companies relocate from China to Vietnam, according to the latest report from Navigos Group.
More jobs expected as firms relocate from China to Vietnam ảnh 1A job fair in HCM City (Photo: VNA)

HCM City (VNA) -  Recruitment demand, especiallysenior positions in consumer electronics and real estate, is expected toincrease as more companies relocate from China to Vietnam, according to thelatest report from Navigos Group.

Navigos Group, a recruitment company,operates two of the biggest job portals in the country, VietnamWorks, andNavigos Search, which are job sites for executives.

Facing intensive competition from tope-commerce companies with huge financial resources, the consumer electronicsmarket clearly shows the trend of strongly shifting from traditional saleschannels to e-commerce, the report said.

Companies in this sector all have businessexpansion plans for this year, and although the market is very competitive,there are still niche markets where companies can exploit.

After Tet (Lunar New Year), recruitmentdemand in the consumer electronics sector will grow strongly, with morecompanies entering Vietnam.

The demand for marketing positions in theindustry is increasing, especially from multinational companies.

Because of the shortage in human resources,companies in this sector are willing to recruit candidates with experience inother industries such as fast-moving consumer goods.

The electronic manufacturing segment ispredicted to have more recruitment demand in 2019, including mid- andhigh-level human resources in positions such as plant manager, supervisors,managers and assistant level jobs for the back office.

Tran Anh Tuan, deputy head of HCM City’s Human Resources Forecasting and Labour Market Information Centre, alsosaid that more enterprises in electronic commercial industry this year will beset up in Vietnam and HCM City, creating many jobs.

More job opportunities are also expected in real estate as FDI capital continues to stream into the sector.

This year, investors plan to adjust theirportfolio, thereby affecting supply chains and FDI inflows in the real estatemarket, the report said.

The reason for this mainly comes from twotrends: shifting production from China to Vietnam and FDI flow into Vietnam toserve the consumer market in the country and ASEAN.

In the last quarter of 2018, the realestate market saw several “super” projects, leading to high recruitment demand,especially positions related to sales and marketing.

In 2019, the real estate market is expectedto grow steadily. The condo market will grow, while businesses will recruit forpositions related to investment and sales.

The market in the northern provinces,especially the neighbouring provinces of Hanoi, and the concentration of manyindustrial parks will lead to growth in hiring demand. – VNA
VNA

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