Tag: workers

Japan remains top importer of manpower from Vietnam, recruiting 29,902 workers, followed by Taiwan with 22,132 workers and South Korea with 4,977 workers.

The demand for workers spans various qualification levels, with a slightly higher need for intermediate and technical workers, comprising 25,867 positions.

Japan continuing the leading destination.

The average income estimated at $295 per month.

In Vietnam, the landscape of retirement is evolving, particularly for female workers. As of 2024, the criteria for early retirement have been delineated, offering a glimpse into the complexities of social insurance and labor regulations.

Many people were recruited via job transaction sessions.

Japan remains Vietnam’s largest labor export market.

Number will continue to rise as more companies resume operations after the holiday.

Current incomes of many workers fail to meet spending needs.

Procedures to be streamlined to facilitate business operations.

Many companies may cease operations or lay off more workers before the end of the year.

More than 17,600 workers who lost their jobs or work fewer hours access financial assistance.

Addressing the National Assembly on October 28, Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung said Vietnam is short of workers, especially high-quality human resources, which leads to low workplace productivity. Informal labor still accounts for a high proportion of the workforce, while labor mobility and human resources transformation are low.

The Ministry of Labor, Invalids and Social Affairs believes that labor markets both domestically and internationally will recover quickly. It has been forecast that many occupations will see recruitment accelerated during the last quarter of the year. The Ministry will balance the country’s workforce and those heading abroad in a way that is most beneficial to workers.

Figures from the Ministry of Labor, Invalids and Social Affairs show that the total number of Vietnamese workers going to work overseas was more than 103,000 in the first nine months of 2022, or 114.47 per cent of the annual plan, of which the number in September increased more than ten-fold over September last year. Japan continues to be the leading destination for Vietnamese workers, with 52,000, or nearly half.

The Binh Duong Department of Labor, Invalids and Social Affairs has said that as of September 21, nine out of nine districts, towns, and cities in the southern province had employers and employees submitting applications to benefit from the policy on housing rental support for employees under Decision No. 08/2022/QD-TTg. Binh Duong has spent more than VND832 billion ($35 million) on rental support for more than 1.2 million workers, with a disbursement rate of 85 per cent.

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.

According to the Ministry of Labor, Invalids and Social Affairs, the disbursement of housing rental support for workers is rising rapidly in most cities and provinces, reaching nearly 52 per cent of applications in total. Seventeen localities have disbursed support for all applications. In Hanoi, 320,000 workers have received support, or 100.5 per cent of the number expected.

According to Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Vietnam’s labor market is experiencing a partial imbalance in supply and demand as well as uneven development due to an excess of under-qualified and low-skilled workers and a shortage of high-quality human resources. If the latter is not improved, Vietnam will gradually lose its appeal among foreign investors.

Vietnam’s labor market has recovered relatively well but shortages are still being seen. It has been forecast that there will be a serious shortage of high-quality human resources in finance, information technology, and logistics.