Many workers, however, are reluctant to change jobs because of the bonus they receive at year end.
A report from the recruiting firm, the Navigos Group, which includes the online recruitment portal VietnamWork and executive search firm Navigos Search, said that several companies were willing to offer bonuses to new employees to compensate for the loss.
The labour market in the power sector is expected to thrive after a long quiet period as thermal power is forecast to continue to expand to meet electricity demand in Vietnam.
Many solar energy projects from foreign investors are being proposed in localities throughout the country.
The cost of buying and installing solar panels has decreased significantly, while the government has policies to encourage investment in solar energy.
According to Navigos Search, recruitment demand for mid- and senior-level positions by the firm’s clients rose in the last quarter, with 19 percent compared to the same period last year.
The industries which had the highest recruitment demand in this managerial segment included banking and finance, consumer goods and retail, ICT, manufacturing and services.
In the banking and finance industry, the highest demand was from banks, insurance companies and consumer finance companies. In the service industry, the recruitment demand was mostly from companies in advertising and marketing.
The demand in ICT ranked third, with most of the jobs in IT services and system integration. The positions were primarily for managers and engineers experienced in different programming languages.
According to Navigos Search, some multinational companies in the consumer goods industry in the last quarter were struggling to recruit regional sales managers, especially in the northern mountainous area of the country.
Experienced candidates are not interested in taking jobs in this area, and less experienced candidates do not meet the requirements of the employers.
In addition, English is a weakness of mid-level sales managers in the northern area.
The emergence of international fashion brands in Vietnam has opened up more employment opportunities for Vietnamese candidates at all levels.
In the retail industry, mergers and acquisitions (M&A) are still ongoing. Some leading Vietnamese brands have been acquired by corporations from Japan and Thailand. The M&A deals have created opportunities for Vietnamese staff to access international working styles and professional chain management.
As for salaries, the highest pay is for senior-level management positions in the consumer goods industry, with nearly VND300 million (US$13,157) per month.
Salaries for mid- and senior-level managers in various industries, such as real estate, banking, ICT and manufacturing, range from VND100 million to VND220 million (US$4.385-9.649) per month.
The Falmi Centre reported that recruitment demand for workers in the last quarter rose by nearly 24 percent compared to the same period last year.