HCMC – The labor markets in HCMC and Hanoi are expected to pick up in the rest of the year due to year-end manufacturing needs, according to market research agencies.
The key expanding recruitment demand by the end of the year includes sales, information technology, marketing, finance, accounting and audit, according to the HCMC Center of Forecasting Manpower Needs and Labor Market Information.
Meanwhile, the number of jobseekers will also rise, particularly in sectors of environmental safety, insurance, real estate, chemistry, biochemistry and human resources, among others.
In the January-September period, some 241,000 workers were hired in HCMC, increasing by 36.18% compared to 2021.
The number of jobs created was 107,000, soaring by 30.9% year-on-year.
HCMC is expected to need between 69,500 and 77,100 workers in the coming months, with high demand for production for the Lunar New Year holiday, or Tet.
Roughly 89% of businesses plan to recruit more employees in the wake of the economy’s recovery.
In Hanoi, some 168,000 workers were hired between January and September. There were 3,638 people working under contract overseas, according to data from the Hanoi Department of Labors, War Invalids and Social Affairs.
In the rest of the year, the recruitment demand mainly lies in commercial service, manufacturing, electronics, textile footwear, construction and healthcare, according to the Hanoi Center of Employee Service.
The unemployment rate in HCMC and Hanoi was 0.25% and 0.53% in the third quarter, respectively, according to the General Statistics Office of Vietnam.
Some 24% of the Top 500 Vietnam Best Employers reportedly made considerable improvements in labor welfare policies, while almost half of the list just slightly changed theirs.
Some 17.8 million individuals were officially employed as of the third quarter of the year, increasing by 642,800 people compared to the previous quarter, up 3.8%.
The number of workers aged 15 and over rose by 255,200 to 50.8 million.