Vietnam moves to strongly integrate into int’l labour market
Vietnam is striving to develop a modern and internationally integrated labour market, considering it a key to a strong connection with the global labour market and ensure the harmonisation of the domestic labour market.
Hanoi (VNA)🐲 – Vietnam is striving to develop a modern and internationally integrated labour market, considering it a key to a strong connection with the global labour market and ensure the harmonisation of the domestic labour market.
After 35 years of the Doi moi (Renewal) process, Vietnam's labour market has witnessed a remarkable development in both scale and quality, deeply integrating into the international market.
Strong solutions to restructure the national economy, improve the business environment, attract investment and promote production and business in recent years have contributed to restructuring the labour force and increasing the number of labourers working in enterprises and production and business establishments.
Policies, programmes and measures to generate jobs have been implemented synchronously and effectively, ensuring the labour supply for the market.
From approximately 28 million people in 1986, Vietnam’s labour force has increased to more than 51 million by mid-2022. The percentage of trained labourers in 2015 was 49%, and rose to 67% in the first six months of this year.
Illustrative image (Photo: VNA)
The work of sending labourers to work abroad under contract has also produced a good performance. There are more than 600,000 Vietnamese employees working in 40 countries and territories worldwide with stable income, sending home 3.5 billion USD worth of remittances per year.
The number of guest workers has increased gradually through years, with an average growth of 10% per year.
According to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, the ministry has set out many tasks and solutions, focusing on strengthening communication work to affirm the transparency of the Vietnamese labour market, as well as its ability to supply human resources meeting requirements of enterprises.
Attention has also paid to evaluating the demand for human resources of foreign businesses investing in Vietnam, thus managing and developing the labour market towards flexibility, modernity and sustainability.
Minster Dung also underlined the need to perfect the system of policies and laws to synchronously develop elements of the labour market, improve the operational efficiency of the market's intermediary institutions./.
The number of working people aged from 15 upwards reached 51.4 million in the first half of 2022, increasing by 400,000 people against the same period last year.
Prime Minister Pham Minh Chinh on August 20 chaired a nationwide teleconference linking with the 63 cities and provinces on the development of labour market in a flexible, modern, sustainable and globally integrated manner.
Over the years, Hanoi has recorded encouraging outcomes after years of implementing many programmes, plans, mechanisms and policies for supporting industry development, as heard at a conference held in the capital city on August 24.
Malaysian women’s participation in the labour market is still low compared to other Southeast Asian countries, according to Prime Minister Ismail Sabri Yaakob.
The labour market in the northern province of Hung Yen has gradually recovered thanks to a safe and flexible adaptation strategy to prevent and control the COVID-19 pandemic, and increase COVID-19 vaccine coverage for people aged 18 and over.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)
