Labor market recovers, demand for personnel increases
Job applicants join a job recruitment event in Vietnam. Since the beginning of the year, the local labor market has gradually recovered, with the number of jobs in March soaring by 40% against that in January – PHOTO: PLO
HCMC – Since the beginning of the year, the local labor market has gradually recovered, with the number of jobs in March soaring by 40% against January, according to human resource service firm Adecco Vietnam.
The labor market also saw the number of job applications rise by 26% in March, Phap Luat Online reported.
The first quarter of the year saw high demand for personnel in multiple fields, including processing and manufacturing, energy, information technology, e-commerce, electronics, semiconductor design and construction.
Nguyen Thu Ha, director of Adecco Hanoi Office, attributed the recovery of the labor market to the Government’s efforts to bring Covid-19 under control and the firms’ enhanced business operations.
Meanwhile, Le Nguyen Ngoc Thanh, director of Adecco HCMC Office, said that the coronavirus pandemic had changed the behavior of job applicants. They seem to be more hesitant to job-hop and are focusing more on financial stability, according to Thanh.
A recruitment expert at Adecco said that the recruitment demand had expanded in some fields such as analog integrated circuit design, digital design, design for testing, quality management, sales and marketing management and technical management.
In the coming months, positive effects from free trade pacts, coupled with the production and investment shift from China, will bring many advantages to Vietnam’s economy, thus creating more jobs and a rising demand for personnel.
General director of Adecco Vietnam Andree Mangels said that the labor market, driven by the recovery of the economy and digitalization trend, would see a high demand for highly-qualified workers in 2021.
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