Vietnamese Employees’ employment outlook and salary expectations

DNHN - According to a report from the Ministry of Labour, War Invalids, and Social Affairs, the food service, wholesale, and equipment manufacturing industries will continue to expand their workforces shortly.

In the Vietnam Labour Market Newsletter Q2-2023 which was just released by the Ministry of Labour, Invalids, and Social Affairs, information on recruitment and the trend of employee salary expectations was reviewed. Consequently, it is anticipated that the industries of food service, wholesale, and equipment manufacturing will continue to increase recruitment in the future.

According to the report, the total number of employees in the country reached 52,3 million in the second quarter, an increase of 100,000 people from the previous quarter and 700,000 from the same time last year. There are occupations with significant growth, such as accommodation and catering services with 106,000 people, wholesale and retail or vehicle repair with 53,000 people, and entertainment and entertainment arts with 53,000 people.

However, not every industry experienced expansion. The manufacturing sector lost 189,000 positions. In addition, the agro-forestry-fishing sector lost 24,000 jobs, and the production and distribution of electricity, gas, hot water, steam and air-conditioning decreased by approximately 12,000.

It is important to note that the construction industry lost 42,000 jobs in comparison to the previous quarter. However, compared to the same period in 2022, 282,000 more people will enter the labour force in this industry.

In analysing recruitment and job search trends in the market, the Ministry of Labour, War Invalids, and Social Affairs reported that in the second quarter, more than 20,100 businesses were posted to recruit more than 70,500 workers, and 78,074 individuals were actively seeking employment. job.

48% of job seekers expect a monthly salary between 5 and 10 million VND. In addition, 29.9% of individuals anticipate a salary between 10 and 15 million VND. The majority of job seekers are between the ages of 20 and almost 40, with over 40% between the ages of 30 and 39 and 36.5% between the ages of 20 and 29.

The Ministry of Labour, Invalids and Social Affairs projects that there will be approximately 51.5 million workers in Vietnam during the third quarter of 2023, an increase of 267,000 people compared to the second quarter of 2023. Three occupations require employment growth: food service with 114,000 people, wholesale (excluding automobiles, motorcycles, motorbikes, and other motor vehicles) with 105,000 people, and manufacturing. The electrical equipment of 69,700 individuals.

However, there will be a significant decline in demand for three occupations, including apparel manufacturing (by 123,000 people), agriculture and service activities (by 78,000 people), and retail (by 32,000 people).

With this information, Vietnam's labour market will continue to experience fluctuations and adjustments, with the fastest-growing occupations remaining the top recruitment targets while the number of occupations facing difficulties increases. To create employment opportunities for workers, obstacles must change and adapt to the situation.

P.V (t/h)