Việt Nam''s labour market is experiencing a rising demand for Chinese-speaking professionals, according to a recent report by Navigos Search, the country’s premier executive search firm.
Việt Nam''s labour market has undergone significant transformation due to technological advancements, the COVID-19 pandemic, and economic shifts, necessitating adaptation from both employees and recruiters to new trends.
Five hundred and twenty-eight firms have been hard hit by falling orders. The weakening demand has put 637,000 workers on the line, of which 53,000 have lost their jobs.
The abundant and cheap labour source will not a factor creating competitive advantages and attracting foreign investment. Việt Nam may also be under pressure on job creation and will face an increase in unemployment or underemployment because of its large...
The labour market faces a paradox: many workers are unemployed since their factories lack orders, but at the same time businesses seeking to expand cannot find enough labour.
The severe and prolonged fourth wave of COVID-19 seriously affected the Vietnamese labour market, pushing the rate and number of underemployed people in the third quarter this year to the highest level in the past 10 years.
Half the companies in information technology, finance- banking- insurance and import- export laid off employees or cut salaries or benefits during the prolonged pandemic, according to a report by recruitment company VietnamWorks.
The Government, businesses and workers need to work together to gradually resume production and business during and after the novel coronavirus (COVID-19) pandemic.
Viet Nam''s private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.
Vu Minh Giang, Chair of Scientific and Training Council of the Viet Nam National University, talks to the newspaper Cong Thuong (Industry and Trade) on how to improve the competitiveness for university graduates in the labour market.
Executive search firm Navigos Group Viet Nam has signed an MoU with the Institute of Labour Science and Social Affairs to provide information on the labour market.
Viet Nam’s labour market has many strengths but more investment is needed in education and training if companies want to compete on a global scale. Gaku Echizenya, CEO and chairman of Navigos Group which comprises Vietnamworks.com and Navigos Search, tells...