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Update news labor shortage
Vietnam’s tourism has witnessed a strong recovery after the pandemic, receiving nearly 10 million foreign travelers in the first 10 months of the year. However, the industry is facing a serious problem – the lack of highly qualified workers.
Businesses have been struggling to maintain and support their workers as the Lunar New Year approaches.
Many medical workers in the city have quit their jobs, and resignations still continue.
Many businesses are struggling in their effort to switch to digitalization in their workplace.
The total number of domestic cybersecurity specialists available is only 50,000 against the demand of 700,000, meaning a severe shortage of manpower in the data security sector.
Hiring is booming in Hanoi and labor demand keeps rising.
A worker shortage in the hospitality sector spurred by the Covid-19 pandemic has led to the rush for hiring.
The Ministry of Health’s bold proposal on easing coronavirus quarantine has received the thumbs-up from the business community as, if adopted, it will help them out of labour shortages.
Expansion of projects and new investment in the technology sector by foreign investors to meet rising demand for business digitalization are expected to fuel a tech jobs boom.
Although the economy has shown signs of recovery since Q4-2021, a look at the unemployment rate index, the quality of laborers as well as their income, all paint a gloomy picture for the labor market.
Although it is put under control, the fourth wave of the COVID-19 pandemic has hit all aspects of the social life, seriously affecting businesses and people.
Many enterprises in Binh Duong province, a major industrial production center, are finding it difficult to recruit thousands of employees.
Vietnamese businesses have high hopes for an economic recovery in 2022. Despite Covid-19, foreign-invested enterprises are scaling up their business in Vietnam.
Every year after the Tet (Lunar New Year) holiday, many businesses face a serious shortage of workers. Last year, due to the impact of social distancing orders, enterprises struggled with a shortage of labour.
HCMC may face a shortage of some 60,000 workers in the first quarter of next year if the Covid-19 pandemic continues unabated in coming months, according to the municipal Department of Labor, Invalids and Social Affairs.
Experts have warned that workers say they will only return to HCM City after Tet, leaving a labor shortage at many businesses.
In recent days, workers from the Central Highlands provinces are returning to HCMC, Dong Nai, and Binh Duong to continue their jobs because they know that social distancing has been loosened, and businesses have started to resume production.
As many as 500,000 workers have left the labor market in the last five months, while a high number of workers have left HCM City for their hometowns, resulting in a serious labor shortage.
Tens of thousands of workers have repatriated, leading to a lack of jobs in destinations and of workers at their departure locations.
According to the HCM City Department of Labor, War Invalids and Social Affairs, local enterprises will need about 56,000 workers and about 90-92% of the demand will be met.