High-quality human capital
The latest employment figures confirm a continuing trend of jobs moving from low-productivity sectors to manufacturing, services, and the digital economy.
Ministry facilitates overseas employment via non-profit programs in key markets
These programs operate on the principles of transparency and low cost, with many offering 100% support for tuition fees and airfare. Participants are entitled to wages and welfare benefits equivalent to those of local workers in the host countries.
VnEconomy to hold dialogue on inflation and employment
Dialogue aimed at acknowledging the challenges facing enterprises and workers and seeking solutions to help overcome the difficulties in economic recovery.
1.5mln businesses expected by 2025
The Ministry of Planning and Investment is finalizing a draft government resolution on a number of key policies and solutions to help businesses recover quickly and develop sustainably by 2025. There are to be 1.5 million businesses by that time, with the business sector contributing 65-70 per cent of GDP, 30-35 per cent of jobs, and 98-99 per cent of trade turnover.
Labor shortage likely to push up wages post-pandemic
Covid-19 has not only disrupted goods supply chains but also labor supply chains. Recruitment demand may increase dramatically post-pandemic, pushing up labor costs and therefore prices. The government needs to issue policies that promote job creation and limit the effect of “false affluence” in the labor market by reducing the unemployment rate.