Topic: labor

Vietnam grapples with the prospect of reducing standard working hours as a means to enhance worker well-being and productivity. Amidst fervent debates between labor unions, business entities, and policymakers, striking a delicate balance between socio-economic imperatives and global labor standards emerges as a paramount challenge.

Vietnam’s labor market expected to develop stably over the course of the year.

Vietnam and South Korea have signed a new MoU on labor exports.

The Ministry of Labor, Invalids and Social Affairs (MoLISA) has said that Vietnam’s labor market is recovering quite quickly. There is a shortage of workers in some industries, while recruitment demand for many occupations continues to increase. To resolve labor shortages, MoLISA has adopted a policy promoting training and created more favorable conditions for workers to find jobs through the internet.

According to the Hanoi Department of Labor, Invalids and Social Affairs, Hanoi created over 168,000 jobs in the first nine months of 2022. The Department also approved more than 8,400 positions for foreigners working in the capital, issuing more than 7,110 new work permits for foreigners and reissuing more than 600.

Mr. Park JongHo, CEO of IT recruitment platform TopDev, has said that Vietnam has promising IT human resources in terms of quality and quantity as well as market potential. A wave of foreign investment has brought the opportunity for Vietnam’s IT labor market to expand and become more vibrant.

Vietnamese e-commerce businesses are struggling to recruit employees, with supply of trained workers falling short of demand in terms of both quantity and quality. In the context of Industry 4.0 and the strong development of e-commerce and the digital economy, training curriculum and methods are in need of appropriate attention.

The Ministry of Labor, Invalids and Social Affairs (MoLISA) has said that Vietnam’s labor market is experiencing uneven development and an imbalance in supply and demand between localities and sectors. Many localities boast industrial parks and export processing zones but only have a small population and workforce. Other localities are focusing on attracting investment but are not capable of handling larger numbers of workers.

During talks on September 6 with visiting Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Japan’s Minister of Justice Yasuhito Hanashi said the country will be hiring people in a number of professions in the immediate future, with the priority on elderly care. The Ministry of Justice will propose expanding the acceptance of trainees as drivers.

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung is visiting Japan to strengthen labor cooperation between the two countries. The two have agreed to expand the number of Vietnamese workers going to Japan.