HCM City's enterprises plan to cut workforces in many sectors
More than 1,200 firms in Ho Chi Minh City said they are planning to cut their workforces this year, according to a recent survey by the municipal Centre of Forecasting Manpower Needs and Labour Market Information (FALMI).
The primary forms of workforce reduction involve reduced working hours or alternating layoffs, with 801 enterprises or 61.85% of the respondents choosing this option. (Illustrative photo - Source: VNA)
HCM City (VNA) – More than 1,200 firms in Ho Chi Minh City said they are planning to cut their workforces this year, according to a recent survey by the municipal Centre of Forecasting Manpower Needs and Labour Market Information (FALMI).
The survey questioned nearly 10,000 firms and more than 233,400 workers in the southern economic hub to assess the local labour quality and demand in the past three months.
Accordingly, industries and sectors experiencing significant labour cuts include wholesale, construction, real estate, automotive sales and repair, warehousing and transport support activities, retail, and rail-road-pipeline transport, among many others.
The primary forms of workforce reduction involve reduced working hours or alternating layoffs, with 801 enterprises or 61.85% of the respondents choosing this option. A total of 121 businesses or 9.34% opted for temporary layoffs with partial salary support for employees, while 122 others or 9.42% chose temporary layoffs without salary support. Permanent layoffs were selected by 251 employers or 19.38%, with 33 of them stating that they will offer cost support for those who lost jobs.
According to FALMI Director Nguyen Hoang Hieu, it is predicted that some companies, especially those operating in labour-intensive industries, will continue to face production and business difficulties in the remaining months of the year. A significant number of firms in export-processing zones and industrial parks and foreign-invested ones have reported that they have yet to receive new orders; therefore, they will continue to negotiate with employees for reduced working hours and alternating layoffs or temporary layoffs with partial salary support.
Earlier, the General Statistics Office said Vietnamese businesses and labour markets are negatively affected by a lower global GDP growth forecast that stemmed from weakened demand in developed economies and an expected slowdown in global trade./.
Despite a gradual recovery in the tourist sector after the COVID-19 pandemic, Ho Chi Minh City is grappling with a serious shortage of personnel in various sectors, particularly in hotels and restaurants.
The southern metropolis, Ho Chi Minh City, aims to become a multi-centre urban area by following a transit-oriented development (TOD) model, according to its general planning for construction by 2040, with a vision to 2060.
With the collection of road and sidewalk usage fees scheduled to begin on January 1, 2024, Ho Chi Minh City estimates that it can collect close to 800 billion VND (32.89 million USD) annually, serving the upkeep of these facilities.
The Ho Chi Minh City Committee for Overseas Vietnamese Affairs held a conference on September 29 to disseminate legal regulations on permanent residence registration and identity cards for OVs.
Ho Chi Minh City’s labour market will need 75,500-81,500 more jobs in the fourth quarter of this year, according to the municipal Department of Labour, Invalids and Social Affairs.
Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
In recent interviews granted to the Vietnam News Agency (VNA)'s reporters in Mexico, prominent figures reflected on the press’s legacy and its global influence.
VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
In the context where AI dominates and produces vast volumes of content, the only sustainable path forward for journalism is to focus on high-quality content and core values. Journalism must redefine its mission - not to report the fastest, but to provide the most profound and trustworthy value.
Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
The Mekong Delta province of Tien Giang is intensifying efforts to combat illegal, unreported and unregulated (IUU) fishing as part of the country’s goal of having the European Commission’s “yellow card” warning lifted.
Throughout its 80-year history, the VNA has remained at the forefront of information dissemination. It has consistently delivered timely, accurate, and objective reports on both domestic and international events, serving the Party’s leadership, the State’s management, and the public’s demand for official news.
With strong support from local authorities, businesses, organisations, and residents, the province has successfully built or repaired 10,707 homes for disadvantaged households, including war veterans, families of martyrs, ethnic minority people, and low-income residents.
Throughout its resistance against colonialists and imperialists, Vietnam developed a revolutionary press that has served as a benchmark for just and legitimate causes worldwide.
Founded in 1842, the Vienna Philharmonic is regarded as a cultural ambassador of Austria, with prestigious conductors like Mahler and Karajan who shape its legacy. Its New Year’s Concert, broadcast to over 90 countries annually, stands as a global symbol of classical music excellence.
The primary forms of workforce reduction involve reduced working hours or alternating layoffs, with 801 enterprises or 61.85% of the respondents choosing this option. (Illustrative photo - Source: VNA) 
