Vietnam: Many Sectors May Face Labour Shortage

Many industries in Vietnam, especially those relating to engineering, information technology, health care, textiles and footwear, are forecast to have a great demand for employees in the coming years, reports Vietnam News Agency (VNA).

In the Vietnam Industry Development Strategy to 2025 with a vision to 2035, the Government has decided to give priority to developing three industries, including the processing and manufacturing industry, electronics and telecommunications, and new and renewable energy.

The strategy will target key sectors, including electricity, mineral exploitation and processing, construction material production, agro-forestry-aquaculture processing, food, beverage, chemicals, garment and textiles, footwear, electronics, IT, mechanics, metallurgy and petroleum.

The situation shows that the labour force is likely to have more opportunities to seek jobs.

As for the total demand for professionalised human resources, the engineering and technology sectors account for the highest proportion with 35 per cent; followed by the group of economics, finance, banking, legal and administrative works with 33 per cent; the natural science industry, 7 percent; and others, 3-5 per cent.

According to the International Labour Organisation, the number of jobs in Vietnam is likely to increase by 14.5 per cent by 2025, thanks to the country’s participation in the ASEAN Economic Community (AEC).

Vietnam is predicted to receive a strong increase of foreign direct investment (FDI) flow, especially in manufacturing and IT sectors and food production and processing industries, when the Trans-Pacific Partnership (TPP) agreement is officially signed.c