HCMC – The majority of businesses in HCMC had resumed normal operations by February 19, with 97% of employees returning to the city for work after the week-long Lunar New Year (Tet) holiday, according to the HCMC Department of Labor, Invalids, and Social Affairs.
Post-Tet labor shortages in HCMC are estimated at below 3%, primarily affecting labor-intensive sectors such as textile and garment, electricity-electronics, and insurance business-finance.
According to the department, the number of employees returning to HCMC for work remains stable compared to the previous year. This stability is attributed to the purchase orders received by enterprises at the end of 2023, ensuring steady employment for the first six months of the year despite ongoing global and local economic uncertainties.
Following the Tet holiday, businesses in HCMC have displayed a notable increase in hiring demand, with nearly 52,000 job vacancies available. The trading and service sector offers the highest number of job opportunities, accounting for 70.56% of the total. The industry-construction and agro-forestry-fishery sectors follow closely with 28.6% and 0.78%, respectively.
Statistics indicate that both before and after the Tet holiday, around 16,938 individuals expressed their need for employment in HCMC, particularly in office management, accounting and audit, information technology, and general labor sectors.
