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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.

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.

Vietnam, strongly integrate, int’l labour market, strong connection,  global labour market, domestic labour market

Vietnam is striving to develop a modern and internationally integrated labour 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.

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.

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Over 1 million Vietnamese labourers sent to work abroad in 10 years
Over 1 million Vietnamese nationals have been sent abroad to work in the past decade, up nearly 40% from the figure recorded in the pre-2012 period, according to a report delivered at a nationwide conference held in Hanoi on August 25.
 
Bac Giang: Nearly 1,300 labours employed at job transaction sessions
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PM chairs teleconference on labour market development
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.
 

Source: VNA

Vietnam, strongly integrate, int’l labour market, strong connection, global labour market, domestic labour market
 
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