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Update news labor force
The number of Vietnamese women accounts for half of the labor force but less than one-fourth of overall management roles.
The overall labor force participation rate of people with disabilities (PWDs) in Vietnam remains low compared to the total population, with 31.7% of PWDs joining the labor force compared to 82.4% of people without disabilities between 2016-2019.
Both enterprises and workers need new recruitment methods to optimize human resources, experts say.
Enterprises in HCM City, Binh Duong and Dong Nai complain that they have not been able to recruit workers since Tet.
The share of job seekers who are using formal channels (employment services) is growing in Vietnam, but still accounts for a minority of the job search channels used.
VietNamNet Bridge - Experts have warned that the more competitive labor market in the CPTPP period will put Vietnamese medium- and high-ranking workers at a higher risk of job loss.
VietNamNet Bridge - Companies have been slow in reforming their operations because of the shortage of qualified personnel experienced in advanced technologies.
VietNamNet Bridge - Vietnam is finding it difficult to fill high-ranking officers for businesses, as most CEOs continue to be foreigners.
VietNamNet Bridge – Many businesses have begun their campaigns to recruit new workers for their expansion plans in 2015, when the national economy is expected to improve. However, the recruitment choices are limited.
VietNamNet Bridge - According to the International Labor Organization (ILO), only one-third of the labor force in Vietnam works in the formal sector and workers in the banking, technology, and real estate earn the highest pay.
The General Statistics Office said, according to international standards, workers who are unemployed for seven days but work for only one hour are considered to have a job so Vietnam’s unemployment rate is low.
While Vietnamese employers and state agencies are struggling with the counterfeit degrees with the stamps of Vietnamese schools, they have been warned that foreign counterfeit degrees have turned up in Vietnam already.
VietNamNet Bridge – Business owners have been told to increase the workers’ wages in accordance with the roadmap set up by the management agencies. Meanwhile, their wage funds have become scantier in the economic crisis.
The Richest has put Vietnam into the list of the five markets with the cheapest labor cost in the world with $0.39 per hour. However, the actual labor cost could be higher.
Office workers, unskilled laborers and state employees all complain that their salaries are so modest and cannot cover their basic needs.
Numerous schools have been opened, more and more training courses have been provided, while there has been no reliable forecast about the labor force demand.
There are very few job opportunities for new school graduates nowadays. A lot of young bachelors, including the ones with two or three university degrees, have to lay by their degrees in wardrobe and take the jobs as blue collar workers.
Vietnam has become the priority choice for Japanese partners when they look for the reliable partners to outsource software products. However, they keep worries about the lack of faithfulness of the workers of small software firms.
MOET has rung the red alarm over some training majors, warning about the oversupply of the labor force in the fields. However, consultancy experts believe that they cannot see the oversupply in any business fields.
Marketing and sales officers would be most wanted in 2013, a report says, because businesses would have to focus on boosting sales and clear inventories.