Over the past several years, sending Vietnamese workers abroad has served as an important “release valve” for the domestic labor market. Overseas employment opportunities help ease pressure on job creation at home while generating substantial income and foreign currency for the national economy. Yet, recent instability in the Middle East, coupled with shifts in many international labor markets, suggests that labor export is becoming increasingly fragile. Though the Middle East is not the biggest overseas labor market for Vietnam, thousands of workers are sent to this market every year. When the war broke out, many labor export plans have been suspended. Both service businesses and workers have to wait for signals from the labor receiving partner and consider safety factors. These disruptions together with adjustments in big labor markets indicate the international labor market is entering a more volatile period. Pressure from external changes The first challenge lies in geopolitical risk. When conflict or security instability arises, labor export plans can be disrupted almost instantly, raising concerns about worker safety, the validity of labor agreements, and the continuity of employment in host countries. A second factor is the shifting labor policies of labor importing nations, which often adjust in line […]
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