Chủ đề: workers

Demand for workers is increasing and employers are offering improved salaries and conditions to recruit suitable candidates.

The labor market became unstable and unemployment increased during the two years of the Covid-19 outbreak. This year, however, with flexible adaptation in pandemic prevention and control measures, many industries will need to recruit large numbers of workers, especially trained workers.

Singapore is piloting a program allowing Vietnamese to work in its construction, maritime, and processing industries.

As of December 6, more than 12.4 million workers had received support totaling nearly VND30 trillion ($1.31 billion) from the Unemployment Insurance Fund.

Covid-19 has significantly affected Vietnam’s labor market and caused a sharp decline in workforce numbers. The Ministry of Labor, Invalids and Social Affairs is drafting a program to restore and develop the labor market, with mechanisms and policies focusing on seven major solutions.

Vietnam is currently enjoying what is called a “golden” population structure, with about 55 million people in the workforce. Only 24.5 per cent are trained, however, and this is one factor behind Vietnam’s workplace productivity remaining quite low. Developing skilled human resources has become an important foundation for the economy to grow sustainably and in-depth.

As an industrial area, southern Binh Duong province will focus on developing social housing projects to meet needs and support workers. The province aims to build a million houses for workers in the 2021-2025 period.

With economic development tending to focus on industry and services, Vietnam’s unskilled workforce will stand at 43 million by 2025, Mr. Nguyen Trong Tan, CEO of Chợ Tốt (Cho Tot / Good Market), predicted at the launch of Cho Tot’s new job searching website, Việc Làm Tốt (Good Jobs).

In order to have sufficient workers for the peak period from now to the end of the year, many businesses have introduced preferential policies and are even willing to pay higher wages or recruit unskilled workers with no experience. Information technology companies and banks continue to lead in recruitment demand.

An unprecedented wave of labor migration has taken place in Ho Chi Minh City and many southern localities as workers return to their hometowns. To resolve the labor shortage following the pandemic, businesses must immediately launch a completely new strategy to attract workers, with policies on livelihoods, healthcare, and attractive benefits.

The government will provide VND30 trillion ($1.32 billion) in cash support to workers affected by Covid-19, from the Unemployment Insurance Fund, and at the same time reduce contributions by employers to the Fund.

Some 1.3 million Vietnamese workers have stopped working, quit their jobs, lost their jobs, or had their labor contracts suspended. According to the Vietnam General Confederation of Labor, trade unions at all levels have spent VND1.2 trillion on support for more than 1 million workers.

Hanoi has proposed an additional VND500 billion ($21.87 million) be lent to workers in the city through the local Vietnam Bank for Social Policies branch to help restore production and business, support job creation, and overcome the impact of the Covid-19 pandemic. The additional capital is expected to meet about 44 per cent of workers’ capital needs and contribute to the creation of 10,000 jobs.

There are 330 businesses in Hanoi that have ceased operations because of Covid-19 and 1,486 that are affected but have continued operations. Some 7,237 workers in the capital have lost their jobs and 35,871 workers are underemployed.

Employers, vocational training centers, and workers affected by Covid-19 will benefit from a support package of VND4.5 trillion ($196.89 million) for training, improving vocational skills, and maintaining jobs. Certain conditions and standards must be met to access the package.