Labour market difficulties anticipated for new workforce

At a HCM City 2013–2014 Vietnamese labour market overview on January 9, Adecco Vietnam General Director Nicola Connolly said global trends will exacerbate perennial labour market problems such as high unemployment rates, structural shifts in production, and skill shortages.

Adecco Vietnam identified 2014’s five hot industrial sectors as automobiles, health, consumer goods, information technology, and insurance.

Employment opportunities will proliferate in sales, accounting and finance, human resources, administration, marketing, and customer service.

Connolly emphasised the Vietnamese labour market has always welcomed highly qualified and adaptable employees.

Connolly said Vietnam’s gross domestic product increased 28% in 2013 while maintaining a low 2.37% unemployment rate.

The Vietnamese labour market’s recent development has been fuelled by growth in key sectors such as health, energy, retail/consumption, and education.

In 2013, recruitment demand was most evident in sales, finance, administration, information technology, and marketing and public relations.

Adecco Vietnam said employers are increasingly only interested in recruiting highly skilled and experienced workers.

Influxes of new graduates are therefore facing higher rates of unemployment.