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HCMC jobs growth rising

Released at: 17:49, 17/05/2016

HCMC jobs growth rising

New jobs during first four months up 0.49% against 2015.

More than 41,400 new jobs were created in Ho Chi Minh City in the first four months of 2016, up 0.49 per cent year-on-year, the city’s Department of Labor, Invalids and Social Affairs reports.

Many companies have been expanding, resulting in 20,000 workers being needed in May, of which 30 per cent are college and university graduates, said Mr. Tran Anh Tuan, Deputy Director of the city’s Centre for Forecasting Manpower Needs and Labor Market Information. Workers with vocational training and unskilled workers will account for 35 per cent each, he added.

High demand is seen in textiles and garments, information technology, architecture, construction, real estate, transport, and foreign trade.

The number of job seekers, especially highly-skilled workers, is estimated to sharply increase over the next few months as new graduates enter the jobs market.

Some 25,360 workers will be in demand this year at companies based in industrial parks and export processing zones, according to the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA).

Around 14,600 are needed for companies to expand their operations, said Mr. Tran Cong Khanh, Head of HEPZA.    

Most vacancies will be in the footwear, electronics, and textiles and garments sector, with the majority being manual jobs.

Demand for mid-level and senior managers saw a significant year-on-year increase of 48 per cent in the first quarter, according to a report from Navigos Search, a provider of executive search services.

Those in the manufacturing sector ranked first, with 29 per cent, followed by consumer goods and retail with 16 per cent and banking / insurance / securities / finance with 12 per cent.    

Sales and marketing, IT engineering, electrical-electronic engineering, and human resources have the most vacancies.

Demand will continue rising in the second and third quarters, a survey by recruitment website JobStreet.com found.

The survey, which polled more than 370 companies in the first quarter, found that more than 80 per cent planned to engage more staff this year than last year.

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