Forecasting Manpower Needs News Today

New orders have prompted many businesses in Ho Chi Minh City, Binh Duong and Dong Nai provinces to resume operations right after the Lunar New Year holiday (Tet), welcoming a large number of employees back to work.

Good morning from Vietnam!

President Joe Biden visits Hanoi Sunday to boost economic ties as Washington looks to move away from over-reliance on China, but a lack of highly skilled labour and infrastructure weaknesses mean Vietnam may struggle to replace its neighbour.

President Joe Biden visits Hanoi Sunday to boost economic ties as Washington looks to move away from over-reliance on China, but a lack of highly skilled labour and infrastructure weaknesses mean Vietnam may struggle to replace its neighbour.Only about 11 percent of the domestic labour force is deemed highly skilled, while 26 percent are trained workers with degrees and certificates, according to the labour ministry. 

Nguyen Hien spent around 400 million ($16,887) on tuition and expenses to complete university, but her first job paid only VND6 million per month and she couldn’t pay her bills. - VnExpress International

Good morning from Vietnam!

If the global economy and Vietnamese one grow positively in the second half of this year, Ho Chi Minh City’s labour market will need 155,000-165,000 more jobs, according to the Centre of Forecasting Manpower Needs and Labour Market Information (FALMI) under the Ho Chi Minh City’s Department of Labour, Valids and Social Affairs.

Despite poor results in the first quarter of 2023, auto stocks are still expected to perform well on supportive policies, including interest rate cuts and a 50% reduction in automobile registration fees.

Vietnamese Minister of Finance Ho Duc Phoc has expressed wish to learn from Belgium’s experience in green finance as Vietnam's green bond market is now in the early stage of developing a legal framework and launching pilot projects.

Despite a 4.3% reduction in the volume of foreign investment inflows into Vietnam in the first half of the year, experts said there are positive signs when looking into the structure of the investment.