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Vietnam – Recruitment demand down in many sectors amid difficulties (Vietnam News Summary)

02 June 2023

Labour demand in Vietnam has fallen amid continuing difficulties in many sectors, such as garments and textiles, tourism, construction, and real estate, reports Vietnam News Summary, citing research from recruitment services provider the Navigos Group. In the first four months of this year, recruitment demand fell 18% compared to before the Covid-19 pandemic. Tourism, restaurants, and hotels are considered to have suffered the most from the pandemic, with recruitment demand falling 43%. In the first four months of 2023 compared to pre-pandemic. Demand for workers in the garment and textile and footwear sector was down 39%; construction and real estate 34%; and information technology 20%. Other sectors posting a decline in worker demand were logistics, imports and exports, marketing, and customer services. However, recruitment demand has risen in several other sectors, such as banking and financial services. The Navigos Group forecast that businesses will still take measures to cut costs and not employ more workers until the global economy recovers.