Labour market to keep struggling with difficulties in coming months
Ten groups of occupations are recording a sharp fall in recruitment demand, and the unemployment rate may increase in the time ahead, said recruiting service provider Navigos Group.
The labour market is likely to continue facing difficulties in the coming months. (Photo: VNA)
Hanoi (VNA) – Ten groupsof occupations are recording a sharp fall in recruitment demand, and theunemployment rate may increase in the time ahead, said recruiting serviceprovider Navigos Group.
Navigos predicted in lateMay that the labour market will 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; andsale and customer care.
The firm forecast until the globaleconomy bottoms out and recovers, businesses will keep taking cost cutting measuresto retain employees or further tighten their belt if the situation gets worse,reported the Lao dong (Labour) daily.
In a recent report on problems facingenterprises and economic outlook for the last half of 2023, the Research Board forPrivate Economic Development (Board IV) said the wave of lay-offs is likely tocontinue in the remaining months of this year due to macro difficulties andinternal issues of businesses.
About 5,200 of the nearly 9,560 companies surveyed said they plan to cut over 5% of their employees from now tothe end of 2023.
Illustrative image (Photo: VNA)
Vo Quang Thanh, Deputy Director ofthe Hanoi Employment Service Centre, said the local labour market remains generallypositive, but businesses may have to struggle with numerous difficulties in thecoming months. The labour market’s recovery and development prospects willdepend much on the city’s socio-economic development situation.
Recruitment demand will varyaccording to sectors and changes in the domestic and global economies. It maypost a growth slowdown, he noted.
Recruitment demand in Hanoi isexpected to surge in such sectors as tourism, wholesale and retail, and transportationand logistics. Meanwhile, order shortages will lead to job reduction in exportand export, rubber and plastics manufacturing, and wood processing.
Addressing a question-and-answersession of the National Assembly on June 6, Minister of Labour, Invalids andSocial Affairs Dao Ngoc Dung said that 8,644 businesses had to lay off workers inthe first months of 2023, accounting for 1% of all companies. Among them, 27.4%were foreign invested firms and 72.18% non-State ones. Lay-offs were triggeredmainly by economic causes, including difficulties in seeking and expandingforeign markets./.
Vietnam is heading toward green growth with various industries involved, generating great demand for green jobs and green skills in the labour market, according to the recruitment, staffing and outsourcing company ManpowerGroup Vietnam.
About 150,000 new jobs will be created in the second quarter of this year, including 28,200 in electronics and optical device manufacturing, 18,600 in food processing, and 4,700 in beverage production, the Ministry of Labour, Invalids and Social Affairs (MoLISA) predicted.
Occupations relating to information technology, high-tech and supporting industries are employment groups with high recruitment demand, experts have said.
The Ministry of Labour, Invalids and Social Affairs (MoLISA) is carrying out measures to create sustainable employment, as many businesses are forced to cut the number of their employees, although the labour market is showing signs of recovery in the second quarter of this year.
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The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
The labour market is likely to continue facing difficulties in the coming months. (Photo: VNA) 
Illustrative image (Photo: VNA) 
