As of mid-June, the number of newly established domestic enterprises surged by 26% compared to the same period last year while the number of enterprises filing for bankruptcy fell by 32%, the city’s Department of Planning and Investment said in its latest report revealed this week.
City authorities have been carrying out several policies to help small- and medium-sized enterprises gain access to capital and advanced technology and have established start-up programmes to encourage young entrepreneurs, according to the department’s report.
Total labour demand saw a year-on-year increase of 2.5%, the Centre for Forecasting Manpower Needs and Labour Market Information announced last weekend.
There was a two fold increase for labour in the textile and footwear sector in the first half of the year compared to the corresponding period last year, accounting for 6% of total recruitment demand, said Tran Anh Tuan, deputy director of the centre.
Over the period, recruitment demand in mechanical engineering and automation surged by 66% and in information technology by 8%.
Job vacancies for sales and marketing accounted for 22% of the city’s total recruitment demand during the first half of the year.
The labour market centre forecasts an additional 135,000 job vacancies in the second half of the year, including 35,000 part-time jobs.
Of the demand in the second half, 18% will be for people with bachelor’s and master’s university degrees and 16% for graduates of colleges.
Workers with vocational training and manual workers will account for 43% and 23%, respectively, of total demand.