Vietnam’s labour market has bounced back quickly after the social distancing period, according to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, who also expects it to return to the first-quarter level in the July-September period.
Recruitment demands in Quarter 2 have dropped 20% from the previous quarter, according to Adecco Vietnam.
Multiple businesses in Vietnam suspended or scaled down their operations, and over five million employees nationwide lost their jobs in the first five months of 2020 as a result of the coronavirus pandemic, Deputy Minister of Labor, Invalids and Social Affairs Le Van Thanh said during a teleconference on June 3.
While many workers in several industries in Ho Chi Minh City lost jobs in the first quarter amid the COVID-19 pandemic, recruitment demand in other fields rose.
The COVID-19 pandemic has hit Vietnam from the end of January, directly impacting the domestic labour market, according to the General Statistics Office (GSO)'s employment report in the first quarter of this year.
Despite difficulties brought by the COVID-19 pandemic, an opportunity is emerging for Vietnam to build the foundations of a more inclusive growth path, which leaves no one behind once recovery begins, according to the International Labour Organisation (ILO) in Vietnam.
Vietnam’s labour market is in desperate need of high-qualified and skilled workers, experts have said.
Only 12.3 percent of Vietnamese businesses have regular cooperation with vocational schools, making it difficult to improve the country’s vocational education and solve unemployment.
Around 75,000 workers are needed in Ho Chi Minh City for the last three months of 2019, up over 7 percent compared to the same period last year, according to the HCM City Human Resources Forecast and Labour Market Information (Falmi) Centre.
The Vietnam General Confederation of Labour (VGCL) has recommended cutting weekly working hours to 44 from the current 48, saying it would improve workers’ wellbeing, family life and relationship.
Disruptive change is leading to the re-regulation of work and employment around the world, including in Vietnam, Gregor Murray of the University of Montreal in Canada, said.
The General Statistics Office (GSO) has reported encouraging data in the labour market in the first six months of 2019, including unemployment decline and income improvement.
More than 776,900 jobs were created in the first six months of 2019, a year-on-year decline of 1.1 percent, the Ministry of Labour, Invalids and Social Affairs (MoLISA) reported at a press conference in Hanoi on July 2.
Vietnam’s labour market is predicted to reach 56 million in 2019, the Ministry of Labour, Invalids and Social Affairs (MoLISA) has announced.
The number of Vietnamese guest workers abroad has been rising, hitting 142,860 in 2018, exceeding the yearly target by 30 percent.
The share of job seekers who are using formal channels (employment services) is growing in Vietnam, but still accounts for a minority of the job search channels used. Most jobs in the country today are filled through personal contacts, according to the General Statistics Office (GSO).
Effective administrative reform policies and positive impacts of free trade agreements Vietnam has signed have contributed to the country’s employment situation.
Land and labour market issues were the focus of the 14th National Assembly (NA)’s plenary session chaired by NA Chairwoman Nguyen Thi Kim Ngan on June 5.
Ho Chi Minh City has more than 27,000 job vacancies in May, according to Tran Anh Tuan, Vice Director of the municipal Centre of Forecasting Manpower Needs and Labour Market Information.
Ho Chi Minh City needs as many as 80,000 new employees for the second quarter as it focuses on improving economic competitiveness and quality of growth.