Education – Labor

Labor market sees positive signs of growth

THURSDAY, 21/05/2020 13:40:40

Experts have predicted the labor market will improve in the near future based on a series of upbeat signals.

Students learn mechanics at the Bach Dang Job Training Centre in Hanoi (Photo: VNA)

According to the Ministry of Labor, Invalids and Social Affairs, between 70,000 and 80,000 workers who had previously lost their jobs will rejoin the workforce every month from May.

Statistics from the Hanoi Centre for Employment Services (HCES) showed that from February to April this year, 1,945 firms registered to recruit for 13,562 positions. Most of the jobs offered were in production, mechanical engineering, manufacturing and garment making.

Ta Van Thao, director of the centre, said the demand for new workers is mostly coming from small- and medium-sized enterprises.

He added that once the COVID-19 pandemic is under control it will lead to a more positive economic outlook and increased demand in the labor market.

Vietnamworks, a popular website for online human resources and recruiting services in Vietnam, has carried out a post-COVID-19-social-distancing survey of 400 companies and 3,400 job seekers. Accordingly, up to 25 percent of firms questioned said they would soon restart their recruitment efforts and 14 percent said they had already resumed.

Vietnamworks said despite a 20-percent growth in the number of jobs offered in the first week of May, a supply-demand balance is yet to be achieved thus competition is higher than ever.

Vietnam has gone 35 straight days without any new COVID-19 infection cases in the community, according to the National Steering Committee for COVID-19 Prevention and Control.



Please enter comment