Although it is put under control, the fourth wave of the COVID-19 pandemic has hit all aspects of the social life, seriously affecting businesses and people.

International and local employers in various sectors across Vietnam are expecting a boost in hiring in the first two quarters of 2022 as the economy is gradually recovering,

The International Labor Organization has downgraded its forecast for the recovery of Vietnam’s labor market in 2022, predicting the number of unemployed laborers in the nation in 2022 to be some 1.3 million, compared to nearly 1.2 million in 2021.

Data released recently by the General Statistics Office shows that in 2021 the average monthly income of workers in Vietnam was 5.7 million VND, down 32,000 VND compared to 2020.

After the fourth Covid-19 pandemic, more than 1.3 million workers have returned to work in Ho Chi Minh City.

Salary increases at multinational companies this year are expected to be marginally down from 2020 and rise slightly next year.

The average monthly income of workers in most economic sectors in the third quarter declined compared to the previous quarter and the same period last year, according to the General Statistics Office (GSO).

Insurance, banking and securities are among the industries with the highest hiring needs in the third quarter of the year, according to job services provider Navigos Group.

Vietnamese labor export firms are working hard to find more contracts and markets.

Ho Chi Minh City authorities have set a target of creating 140,000 new jobs in 2021, according to the city Department of Labor, Invalids and Social Affairs’ plan for the year.

Strongest recruitment plans for the next three to six months are seen in manufacturing and processing and construction sectors.

Truong Anh Dung, directorate of Vocational Education and Training Department under the Ministry of Labour, Invalids and Social Affairs, talks on his department’s resolve to create a diverse occupational education network to meet labour market needs.

The ASEAN Economic Community (AEC) and FTAs have brought more job opportunities to workers but also challenges as Vietnamese workers will have to compete with international staff in the home market.

Worker demand is expected to soar after COVID-19. Businesses will expand recruitment activities as they need workers to revive production and grab opportunities from investors' relocation moves.

Large companies are not recruiting workers, while small and medium enterprises (SMEs) are laying off workers as they cannot maintain a big staff during the Covid-19 crisis.

Usually, in the last months of the year, most companies hunt for well-trained workforce in the fields of technology, electronics, mechanics to meet production demand in the year-end.

Many young Vietnamese have foregone the 9 to 5 routine and chosen to work in alternative types of employment.

Policymakers amending the Labor Code want to lift the retirement age but a survey has found that 50.7 percent of polled workers oppose the idea.

Both recruitment startups and leading head-hunters in Vietnam have been eagerly investing in technologies to improve the employment process.

Talentnet’s latest research reveals the attitudes of the new breed of managers emerging in the modern world of business.