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Domestic labour market to hit 56 million in 2019

Vietnam’s labour market is predicted to reach 56 million in 2019, the Ministry of Labour, Invalids and Social Affairs (MoLISA) has announced.
Domestic labour market to hit 56 million in 2019 ảnh 1Workers at Da Nang city's 29/3 Textiles Company. Vietnam’s textile industry is expected to take advantage of the CPTPP agreement in 2019. (Photo: VNA)

Hanoi (VNA) - Vietnam’s labour market is predicted to reach 56 million in 2019, theMinistry of Labour, Invalids and Social Affairs (MoLISA) has announced.

According to Le Quang Trung, deputy headof MoLISA’s Employment Department, the domestic labour market is witnessing apositive movement from untrained workers to skilled ones.

Among 56 million workers in 2019,unqualified workers will account for 26.5 percent of the labour market, whilethe percentages of personal service workers and mechanics are 31.6 percent and12.4 percent, respectively.

Trung said that foreign-investedbusinesses have high demand for employees in 2019.

Moreover, the fourth industrialrevolution is having an impact on Vietnam’s labour market, especially in thefield of information technology.

On the other hand, some sectorsincluding printing, engine and machine assembly, irrigation and food processingare struggling to recruit workers.

A survey by VietnamWorks shows that 74percent of employers say their labour demands will increase.

The top 10 in-demand sectors in 2019include finance and investment, sales, administration, IT and software,marketing, customer service, internet and online media, auditing and construction.

Experts predict that at the beginningof this year, some companies in home electronics, real estate and agriculturewill enter Vietnam’s market, offering employment opportunities and increasingforeign development investment.

According to VietnamWorks, mostcompanies in the north are willing to expand production, especially those inelectricity and electronics in Hai Phong city and and Bac Ninh province in thenorthern region.

Additionally, several manufacturingbusinesses will come into operation from 2019.

Vietnam’s textile industry will takeadvantage of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) by accelerating exports.

Simultaneously, the competitive labour market willattract more FDI and create more jobs.-VNA
VNA
#labour market#Ministry of Labour#Invalids and Social Affairs#untrained workers#personal service workers#foreign-invested businesses#VietnamWorks#Vietnam#VietnamPlus#Viet Nam News
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