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vietnam's labor market

Update news vietnam's labor market

Thousands of bank employees laid off as financial institutions restructure

Despite an increase of nearly 5,500 employees across the banking sector in 2024, several banks, including Sacombank and BIDV, have implemented significant layoffs.

Hanoi’s highest salary reaches nearly $6,000, paid by foreign-invested firm

The latest labor market report reveals significant salary variations, with FDI enterprises offering the highest wages, while private and state-owned businesses maintain moderate pay scales.

Vietnam’s labor market faces pressure as 100,000 public workers exit

As Vietnam streamlines its public sector workforce, an estimated 100,000 civil servants will need to transition to new jobs.

Vietnamese workforce sees more money in their wallets for 2024

The average monthly income of Vietnamese workers surged by 8.6 % annually to 7.7 million VND (approximately 304 USD) in 2024, according to a press conference held by the General Statistics Office (GSO) in Hanoi on January 6.

Vietnam’s labor market struggles with training shortfalls, says ministry

Vietnam’s labor market remains constrained by low training levels, with over 37 million workers lacking formal vocational education, according to MOLISA.

Software-engineer managers can earn up to VND52 million a month in VN

IT-software workers with 1-3 years of experience can receive VND10-20 million a month, while managers or heads of division can get VND27-52 million, according to Top CV.

Enterprises need more workers for year-end production season

The labor market is heating up as enterprises are rushing to recruit more workers to gear up for production and business before Tet.

Vietnam’s labour force experiences both surplus and scarcity

Compared to many nations in the region, Vietnam’s labour productivity is lower, due to the level of education of its trained workforce, which is primarily equivalent to junior high school.

Jobs with VND20 million monthly salary difficult to find in Hanoi

It is estimated that 15 percent of people have found jobs with average monthly pay of VND10-20 million in Hanoi, but there are not enough jobs for everyone.

Vietnam’s low-skilled workers hesitate to retrain

Vietnam’s labour market faces a critical challenge as many low-skilled workers, despite losing their jobs, are reluctant to pursue vocational training programmes aimed at helping them switch careers.

Youth need to study AI, blockchain and coding to get good jobs

AI (artificial intelligence) and blockchain skills will offer workers privileges in the labor market, as English and office informatics skills did 10-20 years ago, labor experts say.

AI’s impact on VN workforce: challenges and opportunities

Experts predict the demand for tech-savvy professionals in fields like AI, machine learning, cybersecurity and digital finance is set to skyrocket.

VN employee wins Japan's 7-Eleven customer service contest

A Vietnamese employee has won a national contest on customer service of 7-Eleven Japan – the biggest chain of convenience stores in Japan.

Informal workers yet to participate in social insurance due to low incomes

Phi Duy Phong has been working as an informal worker in the craft village of Chang Son Commune, Thach That District, Hanoi for decades, but he has never participated in any form of insurance.

Hi-tech human resources still need further capacity improvement

Vietnamese workers hold numerous opportunities in the high-tech labour market, but stronger efforts are still needed to improve their skills to meet employers’ demand.

Youth unemployment rate remains high

The labour market is gradually returning to normal development trends seen before the COVID-19 pandemic, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).

Not many in VN feel sense of job fulfillment: survey

Having a sense of purpose at work matters to people in Vietnam, but not many are feeling a sense of fulfillment at work, a survey has found.

Vietnam becomes more attractive to foreign workers

Vietnam is attracting many workers from countries around the world.

Vietnam tops Asia-Pacific in workplace wellness, study finds

Workplace well-being is on an “upward trajectory” throughout Asia-Pacific, with Vietnam (65.09) leading the region, according to a recent study by Asia's largest mental health care company Intellect.

Gen-Z workers driven by career advancement and work environment

As Gen Z, born between the late 1990s and early 2010s, look to build their careers, opportunities for advancement and a suitable work environment are top of mind.