labor market

Update news labor market

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Up-skilling the workforce is seen as key to improving Vietnam's workplace competitiveness during integration into the ASEAN Economic Community.

"Brain drain" a problem from AEC

  Vietnamese enterprises may struggle to compete in attracting and retaining the best talent in the region as workers move between countries under the AEC.

Nearly 116,000 Vietnamese workers sent abroad in 2015

 Approximately 116,000 Vietnamese labourers were sent abroad to work last year.

Cambodian, Thai, Filipino workers expected to flock to Vietnam

VietNamNet Bridge - While Vietnamese workers have to struggle hard for jobs in Vietnam, the home market is expected to attract many candidates from Cambodia, Thailand and the Philippines.

Restructuring leads to sad ending for many Vietnamese bankers

Some bankers have been sent to prison, while others have quietly left the market. Some have lost all of their money, while others have been toppled during the restructuring of the banking sector.

Experts warn about brain drain after TPP takes effect

Skilled workers may leave Vietnam for other markets where they can get higher pay, while those who stay may not find jobs because they are less competitive than workers from TPP (Trans Pacific Partnership) countries.

Skill training for youth critical: ILO expert

 VietNamNet Bridge – Vietnam has made important achievements in the labor and employment area but many issues remain to be solved. Gyorgy Sziraczki, country director of the International Labor Organization (ILO) in Vietnam,

Workers find overseas jobs

 Apart from focusing on traditional markets, the Ministry of Labour, Invalids and Social Affairs hopes to send more workers overseas. Vietnam Economic Times talked to Minister Pham Thi Hai Chuyen.

Labour demand up, supply down in 2014: report

 Vietnam’s labour market in 2014 saw a surge in demand but a slight decrease in supply, according to an online human resources report released recently by the job website VietnamWorks in Ho Chi Minh City.

Businesses rush to find unskilled workers

 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.  

BUSINESS IN BRIEF 10/9

 Ministry announces banned trades; Real estate experts forecast further decline in housing market; Goods prices same as petrol falls; Food & beverage exhibit to open; Slow economic growth jeopardises annual goal

Vietnam’s policy on foreign workers needs to be revised, analysts say

 VietNamNet Bridge – Attempts by foreign-invested enterprises to recruit foreign workers have been facing strong opposition from labor unions, which say that Vietnamese workers are losing jobs to foreigners.

Companies face shortage of qualified senior personnel

 VietNamNet Bridge – The competition among businesses for senior personnel has become fierce.

One-fifth of university graduates unemployed

More than 162,000 people who are university graduates or post graduates were jobless in the second quarter of 2014, nearly two times higher than the general unemployment rate and higher than that of the fourth quarter of 2013.

Japanese invested firms hunting for Vietnamese senior personnel

 VietNamNet Bridge – The demand for Vietnamese senior staff has been soaring amid a wave of Japanese investors flocking to Vietnam to set up their production bases.

Labor market cramped due to Chinese workers

 VietNamNet Bridge – The increase in Chinese foreign direct investment in recent years has cleared the way for Chinese workers to flock to Vietnam, raising worries about the impact on socio-economic development.

Redundant medium-class managers find it hard to get new jobs

 VietNamNet Bridge – The economic crisis has made a lot of workers redundant. However, medium-class personnel prove to be the biggest sufferers, because it is very difficult for them to find new jobs.

U.S. Fed unveils further cut in bond purchase program

 The U.S. Federal Reserve announced on Wednesday that it will not pause the bond buying program, as there is sufficient underlying strength in the broader economy for it to keep taper on course.

High-class personnel demand on the rise

 VietNamNet Bridge – The demand for high-class staff in 2014 is believed to be extremely high in the consumer goods, pharmacy, consumer lending, retailing and chemicals production sectors.

VN labor market: Unemployment rate lowest, labor cost cheapest

 VietNamNet Bridge – Vietnam is among the nations with the lowest unemployment rates on the globe, but the number of young jobless laborers is triple the domestic unemployment rate.