Vietnam’s population is about 94 million in 2018.
The labor force aged 15 and over is 54.61 million people, accounting for 59.5%.
Vietnam is still in the golden population period with abundant and stable labor supply.
However, the growth rate of labor supply is only half of the demand
The report’s data shows that work for experienced people still accounts for the majority of the 2018 recruitment market, accounting for 72% of recruitment demand. Next is the work for Management level (Manager) accounting for 17%; New graduates are 8% and the Director accounts for 3%. Regarding labor supply, experienced candidates accounted for 73%; Head of the Division occupies 18%; New graduates are 6% and the Director accounts for 3%.
Industrial zones have experienced strong growth in recruitment demand
In the list of the top 10 locations with the most demand for recruitment, Ho Chi Minh City still maintained its leading position in both the highest recruitment demand and the strongest growth in recruitment demand based on job index. posted with 15%. Notably, although Hanoi ranked second in terms of recruitment demand in 2018, but only ranked 8th with 3% growth.
Big industrial parks ranked next: Binh Duong and Hai Phong increased by 12%; Hai Duong increased by 9%; Hung Yen increased by 5%.
Many industries are at risk of excess human resources in Vietnamese workers.
According to statistics, there appears to be a surplus of human resources in the near future of retail / wholesale businesses; Planning / Projects; Procurement / Supplies / Supply; Advertising / Promotion / PR. Accordingly, these sectors are not in the list of top 10 growth industries in terms of recruitment demand, but in the list of top 10 industries with the strongest growth in labor force.