Vietnamplus

Labour force sees fast and stable growth in Q3, 2022

The labour market in Malaysia continued to improve further in August with the latest unemployment rate at a pandemic low of 3.7% year-on-year.

The youngest echelons of the Vietnamese workforce must be quickly equipped with the soft and digital skills needed to adapt to the requirements of the 4.0 revolution, a senior official of the Vietnam Chamber of Commerce and Industry (VCCI) has said.

The vocational training system of Vietnam needs reforming to create highly-skilled human resources that meet the requirements of the labour market in increasingly integrated international market, experts said.

Malaysian women’s participation in the labour market is still low compared to other Southeast Asian countries, according to Prime Minister Ismail Sabri Yaakob.

Many domestic and foreign investors have expressed concern about shortcomings in skilled labour, which is needed to help recover and expand production and business, especially in industrial sectors, according to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung.

The Vietnam - International Entrepreneurs Connection Club (VIENC) and the American International School Vietnam (AISVN) have signed a Memorandum of Understanding (MoU) on cooperation in training.

This year, labour shortages after the Tet (Lunar New Year) holiday are not as serious as in previous years because enterprises and localities have good policies to attract workers to return.

The quality of skilled labour in Vietnam is still not meeting minimum standards, according to Le Thi Xuan Quynh, an official from the Central Institute for Economic Management.

Vietnam continues to be one of the important sources of workers for Japan’s economic recovery and development in the post-COVID-19 period, according to the Japanese magazine Modern Business.

Despite attracting 341 investment projects with 847.3 million USD in 2018-2020, Da Nang City has to cope with poor development of supportive industries and the skilled labour force for high-tech industries in its efforts to build the city into an investment hub in central Vietnam.

Loans for temporary leave pay are expected to help firms retain skilled workers and mitigate the number of laid-off workers triggered by the COVID-19 pandemic.

Enterprises should “put people first” in their human resource plans as the COVID-19 pandemic is forcing companies to scale down business or even close for good, experts said at an online seminar on HR management held in HCM City on April 24.

International economic integration has helped An Giang’s key exports such as agricultural and fishery products, as well as frozen vegetables and fruits occupy many major markets like the US, the EU, Japan and the Republic of Korea.

A recent survey of the Japan Bank for International Cooperation (JBIC) has found that 36.4 percent of Japanese businesses operating overseasviewed Vietnam as a promising investment destination, up 2.5 percent from 2018.

The country’s biggest-ever forum on vocational training took place in Hanoi on November 16 with a focus on ways to promote Vietnamese labourers’ skills.

To catch up with the changes of the world of the 4.0 jobs, workers must acquire the sill of unceasing learning a flexible vocational training system.

The EU-Vietnam Free Trade Agreement (EVFTA) offers many opportunities to Vietnamese workers and just as many challenges. The country’s labour force must find ways to improve its quality in order to produce products that adhere to stricter standards in European markets, said policymakers and labour experts at a conference in Hanoi on September 17.

The Asian Development Bank (ADB) has approved a 60-million-USD loan for Cambodia to help the country boost the skills and competitiveness of its labour force, according to Xinhua news agency.

Legislators will spend the entire afternoon of May 29 to discuss in groups about Vietnam’s joining the International Labour Organisation (ILO)’s Convention 98 on the application of principles of the right to organise and bargain collectively; and the draft revised Labour Code.