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Sunday, September 25, 2022

Economic recovery to drive hiring in H2: survey

The Saigon Times

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HCMC – Employers in Vietnam are expecting hiring to increase in the last two quarters of 2022, following positive growth rates in various sectors, according to the Vietnam Employment Outlook Survey Q3 & Q4 2022 conducted by the ManpowerGroup Vietnam.

Over 70% of the surveyed companies said they have recovered from the pandemic, with 50% or more having actively recovered and 12% seeing their business operations significantly affected.

Thanks to the Government’s timely and practical support policies, businesses in Vietnam have been flexibly and proactively adapting to the new normal and maintaining strong recovery momentum post pandemic.

In June this year, the World Bank reported in its Economic Update for Vietnam that the country may reach a 5.8% growth rate in 2022, higher than other Southeast Asian countries such as the Philippines, Malaysia, Indonesia and Thailand.

A positive economic outlook gives employers in Vietnam the confidence to increase recruitment in the second half of the year, though not as high as the last six months.

Among the surveyed companies, 88% plan to increase or at least maintain the current headcount, compared to 95% of the equivalent index in the first half of the year.

The strongest recruitment intentions were reported in manufacturing and processing, wholesale, retail and trading, banking and finance, professional consulting services, construction, food and beverage and hospitality-accommodation, and real estate.

The recruitment needs of the surveyed enterprises focus mainly on the mid-career ladder. Nearly 50% of enterprises plan to recruit executive positions with at least six months of experience. Some one-fourth (24%) are in need of blue-collar workers.

“The current Vietnamese labor market from our perspective is bustling, especially in mass recruitment and the hiring of blue-collar workers. The supply chain/logistics industry continues its remarkable growth, especially since the pandemic, as it has played a key role in circulation and the transportation of goods, necessities and production materials,” said Nguyen Xuan Son, Acting Country Operations Manager, Staffing and Outsourcing services at ManpowerGroup Vietnam.

“Regarding the demand for blue-collar workers, we realize that the need for production workers in certain industries, such as manufacturing, healthcare – pharmaceutical and consumer goods, is high. Sectors with a high employee turnover are currently telesales and customer services in finance, insurance, and e-commerce,” he continued.

Nguyen Thu Trang, country sales manager at ManpowerGroup Vietnam, said the current demand for recruitment in industrial parks is vibrant, especially in manufacturing and processing, electronics and technology.

Many employers said they could not recruit the desired number of workers despite increasing the benefits package. Besides permanent recruitment services, businesses are increasingly using outsourcing services to supplement their current labor force during peak seasons, she added.

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