The Ministry of Labor, Invalids and Social Affairs has noted an imbalance in supply of and demand for workers in certain localities and industries in Vietnam, with the needs of businesses not being met as they focus on economic recovery.
It has been forecast that many industry groups such as manufacturing, information technology, healthcare, delivery, and processing will continue to “accelerate” recruitment in the second half of the year. Ho Chi Minh City - the country’s largest labor market - will need to recruit 136,000-150,000 workers to the end of the year. Labor shortages seem inevitable, but are likely to be insignificant.
In order to address the labor shortages seen in the opening months of 2022, Deputy Prime Minister Vu Duc Dam has assigned the Ministry of Labor, Invalids and Social Affairs to urgently submit to the government for promulgation a Decree stipulating regional minimum wages for employees working under labor contracts.
The Ministry of Labor, Invalids and Social Affairs (MoLISA) has developed three scenarios to resolve the labor shortage in Vietnam: using workers who are currently learning their profession, accelerating the training process to add more workers, and using military conscripts in production chains.
