As of February 15, the sixth day of the Lunar New Year, about 92% of businesses and labourers had resumed operations and returned to work after the Tet holiday, heard a press conference held by the Vietnam General Confederation of Labour (VGCL) on February 26.

Vietnam’s job market is poised to bounce back in 2024, driven by better purchasing power that is sparked by a recovery in private investment and wage reform, according to the Ministry of Labour, Invalids and Social Affairs.

Vietnam aims to send 125,000 labourers abroad to work under contracts in 2024, focusing on key traditional markets such as Japan, Taiwan (China) and the Republic of Korea (RoK), according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

VOV.VN - Remittances sent by Vietnamese nationals abroad hit approximately US$16 billion last year, representing a year-on-year rise of 32%, according to the State Bank of Vietnam.

Enterprises in Hanoi need to recruit from 100,000-120,000 workers in the first quarter of 2024.

Improving qualifications of guest workers and developing foreign labour markets that suit Vietnamese labourers' standards and skills have been considered as key tasks in 2024 in order to stepping up the sending of labourers to work abroad.

VOV.VN - Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.

The monthly average income of Vietnamese labourers in 2023 reached VND7.1 million (over US$291) per person, up 6.9% compared to 2022, according to the General Statistics Office (GSO).

Enhancing the quality of the workforce, promoting regional linkages, and developing science, technology, innovation and digital transformation are keys to Vietnam's focus on improving labour productivity in the coming decades, according to the recently approved National Programme on Labour Productivity Enhancement by 2030.

VOV.VN - The quality of the Vietnamese labour market has failed to drastically improve with a large portion of informal workers, although the employed population has increased, according to the General Statistics Office (GSO).