An university in Đà Nẵng City provided information on potential jobs for students at a job fair. — VNA/VNS Photo

Navigos predicted in late May that the labour market would continue facing difficulties.

The 10 groups are tourism, restaurant, hotel; textile - garment and leather - footwear; construction and real estate; purchasing, material supply, and transport; information technology; export and import; transportation and logistics; legal and administrative affairs; marketing; and sales and customer care.

The firm forecast until the global economy bottoms out and recovers, businesses will keep taking cost-cutting measures to retain employees or further tighten their belts if the situation gets worse, reported the Lao động (Labour) daily newspaper.

In a recent report on problems facing enterprises and the economic outlook for the last half of 2023, the Research Board for Private Economic Development (Board IV) said the wave of lay-offs is likely to continue in the remaining months of this year due to macro difficulties and internal issues of businesses.

About 5,200 of the nearly 9,560 companies surveyed said they plan to cut over 5 per cent of their employees from now to the end of 2023.

Võ Quang Thành, Deputy Director of the Hà Nội Employment Service Centre, said the local labour market remained generally positive, but businesses might have to struggle with numerous difficulties in the coming months. The labour market’s recovery and development prospects would depend greatly on the city’s socio-economic development.

Recruitment demand would vary according to sectors and changes in the domestic and global economies. It might post a growth slowdown, he noted.

Recruitment demand in Hà Nội was expected to surge in sectors such as tourism, wholesale and retail, and transportation and logistics. Meanwhile, order shortages would lead to job reduction in export and export, rubber and plastics manufacturing, and wood processing.

Addressing a question-and-answer session of the National Assembly on June 6, Minister of Labour, Invalids and Social Affairs Đào Ngọc Dung Dung said that 8,644 businesses had to lay off workers in the first months of 2023, accounting for 1 per cent of all companies. Among them, 27.4 per cent were foreign-invested firms and 72.18 per cent non-State ones. Lay-offs were triggered mainly by economic causes, including difficulties in seeking and expanding foreign markets. — VNS