Society

Workshop discusses future of Vietnamese labour market

Experts discussed the future of the Vietnamese labour market at an online workshop hosted by Nhan Dan (The People) newspaper last week.
Workshop discusses future of Vietnamese labour market ảnh 1An electronic component manufacturing line at Hoa Lac Hi-tech Park in Hanoi. (Photo nhandan.com.vn)

Hanoi (VNS/VNA) - Experts discussed the future of the Vietnamese labourmarket at an online workshop hosted by NhanDan (The People) newspaper last week.

Itaimed to collect feedback from experts on two draft projects of the Ministry ofLabour, Invalids and Social Affairs (MOLISA) on supporting the development ofthe labour market until 2030 and improving labour supply-demand forecastingcapacity.

VuTrong Binh, head of MOLISA’s Department of Employment said over the past 10years, Vietnam's labour market has grown strongly. Markets in the southeasternregion and Red River Delta in the north have connected with internationallabour markets.

“Specialisedlabour markets such as the Mekong River Delta and the Central Highlands havestrongly linked to global value chains, especially in agriculture and fisherysectors. In mountainous areas, we must have our own market. The two projectsmust address those fundamental points,” he said.

DrBui Sy Loi, Vice Chairman of the National Assembly’s Committee of SocialAffairs, said one of the biggest changes of the labour market was labourmovement from informal sectors to formal sectors.

Among56 million labourers in Vietnam now, only 20 million are in the formal sector.Those employees have more stable jobs, higher incomes and are better protectedwith health insurance and social security schemes, according to Loi.

Thelabour movement from informal to formal sectors is a market principle, andthere must be long-term solutions for this process.

DrNgo Quynh An, Deputy Head of the Economic and Human Resource Management Facultyof the National Economics University, recommended improving the quality ofinformal sectors so employees are encouraged to move to formal sectors.

Shenoted that moving out of the agricultural sector did not mean moving out ofrural areas. If rural labourers move to urban areas, there will be moreemployees working in informal sectors in the cities.

DrBui Sy Loi warned that Vietnam would be stuck in the low-middle income trap ifthe country cannot improve labour productivity.

TheGovernment and the MOLISA had made huge progress in connecting the labourmarket but we should not be complacent with the achievements as the market keptchanging, he said./.
VNA
#Vietnamese labour market#online workshop#labour supply-demand#Vietnamplus#Vietnam news#Vietnam News Agency
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