WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi's innovative approaches drive economic expansion and job creation
Thanh Thanh 21:50, 2024/08/12
Hanoi is introducing a range of solutions to harness its labor resources, in particular preferential loans and better links between job supply and demand. These efforts have led to a surge in new job opportunities for workers.

Nguyen Tay Nam, Deputy Director of the Hanoi Department of Labor, Invalids and Social Affairs, told Hanoimoi Newspaper that the department aims to meet its 2024 employment targets ahead of schedule.

 An online job board in Hanoi. Photos: Thuy Truc

What has Hanoi done recently to get people into work?

From 2021 to 2025, Hanoi set an ambitious target of finding jobs for 160,000 people every year, which has been consistently exceeded in recent years.

In 2023 alone, Hanoi successfully placed nearly 215,000 people in jobs, reaching 132% of its planned target.

Building on this success, the city plans to help 165,000 people find jobs by 2024. As of July this year, Hanoi has already helped nearly 146,000 people into employment, reaching 88% of its annual target. 

With this momentum, I am confident that Hanoi will meet its employment targets well ahead of schedule this year.

What are some of the effective methods that have enabled Hanoi to excel in terms of job creation?

 Nguyen Tay Nam, Deputy Director of the Hanoi Department of Labor, Invalids and Social Affairs.

We have made great strides in bringing employers and job seekers together through job fairs. 

The Hanoi Center for Employment Service has established a robust network that effectively links companies and candidates, working closely with major firms and staffing agencies to facilitate the recruitment process.

This approach not only reduces recruitment costs for companies but also speeds up the hiring process by giving job seekers access to reputable employers. Workers benefit from a diverse range of job opportunities while enjoying guaranteed rights and policies.

Moreover, the provision of subsidized loans has been instrumental in creating significant employment opportunities. In the first six months of this year, some 37,300 jobs were created through credit programs targeted at the poor and other vulnerable groups in the city. 

In addition, more than 2,200 people secured jobs through overseas labor export and over 8,700   found employment through the job exchange system.

These initiatives demonstrate Hanoi's commitment to fostering a vibrant labor market and improving the livelihoods of its residents.

Can you elaborate on how the credit program has contributed to job creation and helped poor households and vulnerable groups access soft loans for business and income generation?

This program is indeed a fundamental and effective solution aimed at creating sustainable livelihoods and ensuring social security. It's vital that this initiative is transparent and targets the right beneficiaries. That is why we place a strong emphasis on thorough verification and approval processes for financial reports related to the management and use of these funds.

To strengthen our employment initiatives, we are currently finalizing a draft resolution outlining the specific groups eligible for loans from the local budget to be disbursed through the Hanoi Policy Bank. 

We plan to present this document to the city's People's Council in September. The goal is to expand the range of eligible borrowers to facilitate production and business activities, thereby creating jobs and increasing incomes.

Since the beginning of 2024, the City People's Committee has allocated VND1.31 trillion (US$52.7 million) to the Vietnam Bank for Social Policies for job creation loans. These funds are essential to empower individuals and families to improve their economic situation and contribute to the overall growth of the community.

What strategies will the department focus on to maintain its gains and continue to exceed employment goals?

 A job interview during the online job board.

One of the major challenges we face is the limited number of companies willing to hire individuals from special populations, such as those who have completed prison sentences, those who have been rehabilitated from substance abuse, and those living with HIV. Many of these workers are often unprepared for the job market and are primarily unskilled laborers.

To address this, we will focus our efforts on improving job counseling and job opportunities, especially for those receiving unemployment benefits and vulnerable groups, including people with disabilities and former drug addicts.

Many foreign-invested enterprises bring workers from their parent companies to Vietnam for critical phases of high-tech equipment production. This reality calls for a more proactive and engaged approach by vocational training institutions to ensure local workers are equipped with the necessary skills.

In addition, we will continue to work closely with local authorities and relevant organizations to hold job fairs. This year, we aim to hold 222 synchronized job fairs every day, as well as four specialized fairs, two joint recruitment events for people with disabilities, ten online job boards linked to other provinces, and 18 mobile job exchanges in various districts.

By implementing these strategies, we aim to create a more inclusive labor market and ensure that all groups, especially those facing barriers, have access to meaningful employment opportunities.

Thank you for your time!

RELATED NEWS
TAG: Hanoi jobs Vietnam news recruitment labor
Other news
21:29, 2024/09/20
AFD commits to partnering with Hanoi on sustainable transport development
Key French companies, including Alstom, Thales, and Colas Rail, play vital roles in the project, supplying rolling stock, signaling systems, tracks, and electromechanical equipment.
20:27, 2024/09/20
Health Ministry intensifies inspections of cosmetic sales on e-commerce
As ads for fake beauty products proliferate on social media, Vietnam's Ministry of Health is taking action to protect consumers and crack down on online counterfeit cosmetics.
23:03, 2024/09/19
Transport sector seeks US$16 million for smart traffic in Hanoi
Hanoi's Intelligent Transport System monitors roads, provides traffic information, helps maintain traffic order, detects safety violations, and controls public transport, incidents, infrastructure, parking, and electronic ticketing.
14:23, 2024/09/19
Hanoi and Fujian eye future cooperation
The two localities expect to tighten their ties and boost socio-economic growth.
07:11, 2024/09/19
Hanoi Mayor shares experiences in bridging urban-rural divide with ASEAN
Chairman of Hanoi People's Committee Tran Sy Thanh underscores that rural residents are central to agricultural development, rural economy, and building new rural areas.
19:57, 2024/09/18
ASEAN Capital Mayors’ Meeting opens
The Vietnamese delegation, led by Chairman of the Hanoi People’s Committee, Tran Sy Thanh, participated in the event alongside representatives from the capitals and cities of ASEAN member countries.