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Hanoi’s labour market continues recovering

Hanoi’s labour market continues to recover, as a decrease in the number of businesses dissolving and ceasing operations has had a positive impact on it, and over 22,600 job vacancies were offered last month, according to the Hanoi Employment Service Centre.
Bicycle production at Thong Nhat Joint Stock Company - Illustrative image (Photo: VNA)
Bicycle production at Thong Nhat Joint Stock Company - Illustrative image (Photo: VNA)

Hanoi (VNA) 🍌– Hanoi’s labour market continues to recover, as a decrease in the number of businesses dissolving and ceasing operations has had a positive impact on it, and over 22,600 job vacancies were offered last month, according to the Hanoi Employment Service Centre.

The centre cited the Hanoi Statistics Office’s data that showed the number of workers in industrial enterprises at the end of September was estimated to decrease by 0.3% compared to the previous month, but still increase by 0.3% compared to the same time last year. In the first nine months of this year, the employment index in these enterprises fell by 1.1% year-on-year. Based on a survey collecting information on 10,357 job vacancies from 3,240 enterprises listed at the centre, the recruitment demand is concentrated in sectors such as wholesale, retail, and other service activities, which account for approximately 51.72%; and manufacturing and construction (24.09%).
Demand for workers with a university degree or higher was the highest, accounting for 45.96% of the total recruitment demand, while demands for technical workers without degrees or certificates, and unskilled labourer accounted for 16% each. Enterprises also have a positive outlook on production activities in the last months of this year. The demand for recruitment is expected to increase significantly in several business sectors, particularly in commerce, services, tourism, hospitality, and entertainment.
Specifically, in October, certain sectors are forecast to see higher recruitment needs, such as wholesale and retail (up 5% month-on-month); manufacturing and processing, (4%); and real estate (3%). However, some are expected to experience decreases, including professional, scientific, and technological activities, down around 1%; finance, banking, and insurance, 0.6%; and administrative and support services, 0.5%. Vu Quang Thanh, Deputy Director of the Centre, stated that to support the labour market and ensure social security, it will continue to collaborate with local authorities to organise job fairs and provide information to businesses and workers. The centre plans to organise 24 job fairs this month, he added./.

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