As the economy rebounds, the job market maintains its growth trajectory, with many businesses ramping up their recruitment efforts towards the end of the year.
ABUNDANT JOB OPPORTUNITIES WITH DIVERSIFIED SALARY RANGES
Ms. Đặng Hồng Liên, Head of Human Resources at PouYuen Vietnam Co. Ltd. (Bình Tân District, Ho Chi Minh City), shared that during the COVID-19 pandemic, the company faced challenges and had to terminate contracts with some workers. However, with the economy’s recovery, the company has secured new orders and now aims to hire 2,000 workers, of which only half have been recruited so far.
To meet this target, the company is relying on referrals from its current employees and local communities. Viettel Hanoi Branch (under the Military Industry and Telecom Group) is also seeking to fill more than 200 positions across four roles: sales, customer care, telesales, and telecom bill collection. Salaries vary depending on the position, ranging from 7 million to 18 million VND per month.
Hanoi Railway One-Member Co. Ltd. is looking to hire over 300 people for positions including department heads, deputy heads, team leaders, and team members. The salary ranges from 7 million to 13 million VND per month, plus bonuses and other benefits.
To secure the workforce necessary for their operations, businesses have had to diversify their recruitment channels, including participating in job fairs.
In Hanoi, recent job fairs have seen an average of 3,000 vacancies offered by companies across a wide range of industries and fields. Mr. Vũ Quang Thành, Deputy Director of the Hanoi Center for Employment Services, observed that there are abundant job opportunities with attractive positions available for people with different educational backgrounds, ranging from elementary and vocational certificates to college and postgraduate degrees.
Regarding salaries, most positions offer a range of 7 million to 15 million VND, with some roles in the higher-education segment commanding salaries above 15 million to 20 million VND. There are also positions that pay less than 7 million VND, including part-time jobs. This diversity in the job market caters to a variety of job seekers, including students and those with specific needs.
According to Mr. Thành, from now until the end of the year, especially in the fourth quarter, many companies will be working to complete their annual plans and handle additional orders. In anticipation of this, businesses in Hanoi have already shown an increased demand for labor since August and September, compared to previous months.
However, recruitment will undoubtedly come with challenges, especially during this period. This is partly because employees tend to stay with their current companies, and job-hopping or seeking new opportunities usually occur under unavoidable circumstances, such as company closures or personal dissatisfaction with the work environment.
“According to the labor market dynamics, when a business ceases operations, its workforce will circulate and apply to other companies,” said Mr. Thành.
INDUSTRY SECTORS WITH HIGHER RECRUITMENT DEMAND
The Hanoi Center for Employment Services predicts that towards the end of 2024, the sectors with the highest recruitment demand will be services and trade, including supermarkets, restaurants, shopping centers, and logistics companies. Additionally, the manufacturing, IT, and other sectors are expected to have increased hiring needs.
“Based on the needs of enterprises, we coordinate with relevant units to organize specialized and mobile job fairs to meet the labor demands of businesses in the city. At the same time, we support job seekers in finding suitable employment with satisfactory income,” said Mr. Vũ Quang Thành, Deputy Director of the Hanoi Center for Employment Services.
In the Ho Chi Minh City market, Mr. Phạm Văn Cẩn, Deputy Director of the Center for Human Resource Demand Forecast and Labor Market Information, shared that according to the Center’s estimates, the city’s workforce in 2024 is expected to exceed 5.1 million people, a 5.61% increase compared to 2023.
From January to September 2024, the Center surveyed over 52,000 businesses, resulting in more than 230,000 job openings. The demand for human resources was mainly in the trade and services sector, accounting for 70.12%, followed by the industry and construction sector at 29.48%. The remaining demand was in the fields of agriculture, forestry, and fisheries.
Several economic sectors have shown high recruitment demand since the beginning of the year, including the manufacturing industry, wholesale and retail trade, automotive repair, professional, scientific, and technological activities, real estate, financial and insurance activities, and information and communications.
Based on the supply and demand survey for the first nine months, the Center forecasts a need for over 83,000 workers in Ho Chi Minh City in the fourth quarter of 2024.
The job market in the final months of 2024 will continue to focus on recruitment for key industrial sectors and primary service industries.
To find suitable employment, job seekers are advised to proactively enhance their professional knowledge, vocational skills, and soft skills relevant to their desired positions. Additionally, developing a strong work ethic and a professional attitude is essential.
Moreover, to meet the challenges of integration and the Fourth Industrial Revolution, employees should improve their foreign language and information technology skills and stay updated with the latest technologies. When looking for jobs, it is crucial to rely on reputable sources to avoid falling victim to scams.
