The Hanoi Center for Employment Service predicted that the wholesale and retail trade, professional, scientific, and technological activities, as well as the manufacturing sectors, will experience strong demand for hiring in the coming month.

The center added that tourism, hospitality, arts, entertainment, and other sectors are also anticipated to encounter high demand for workers. However, some industries are expected to require fewer workers, including real estate (down approximately 1%), finance, banking, and insurance (down 0.8%), as well as administrative and support services (down 0.5%).

IT emerges as hot spot for hiring

Job seekers at a job fair in Cau Giay district, Hanoi. Photos: Nguyen Hai/ The Hanoi Times

Hanoi’s labor market continued its recovery and sustainable development in the context of economic growth, according to the June labor market situation report of the Hanoi Center for Employment Service (under the Hanoi Department of Labor, Invalids and Social Affairs). The center estimated June's hiring demand to be more than 46,000 jobs.

Analysis of more than 6,000 job openings in nearly 1,750 companies showed that the demand for new hires was concentrated in services, which accounted for about 47%, followed by the processing and manufacturing sectors, and education and training.

Demand for service and sales positions is highest at 40%, followed by clerical positions.

In particular, Information Technology (IT), with the increasing presence of local and international technology companies, has the largest demand in June, accounting for about nearly 9%, with over 300 vacancies.

Some of the high-demand positions that technology companies are seeking include full-stack developers, security engineers, blockchain technology experts, AI engineers, embedded software engineers, and user experience/user interface (UX/UI) specialists.

The Hanoi Center for Employment Service has successfully organized 191 job fairs so far in 2023.

Vu Quang Thanh, Deputy Director of the Hanoi Center for Employment Service, said June is typically a time of high job-seeking activity.

"It is the end of the academic year, and graduates from the city's colleges and universities start looking for jobs," he added. "This creates an opportunity for local businesses to recruit a young, high-quality workforce, and also fierce competition in the labor market."

The breakdown of more than 1,100 jobseeker profiles shows that the majority of jobseekers are in the 25-34 age group, which accounts for 45%, followed by those aged 35 and over at 40%, with the remainder in the 15-24 age group.

Within the 15-24 age group, the majority are unskilled workers (accounting for two-thirds of this group) who are primarily seeking jobs, including production laborers, assembly workers, and sales staff, the center said.

The report found that job seekers were predominantly in the unskilled group, accounting for 40% of the total. These job seekers were primarily seeking employment as sales and production personnel. They were followed by those seeking employment in assembly, machine operation, and other technical fields, but without a formal degree.

In June, the desired salary range of job seekers was mainly from VND5 million to VND10 million (US$195-$391) per month, accounting for nearly 74% (in May, up to 90% of job seekers wanted this salary range), while those who wanted from VND10 million to VND20 million (US$391-$782) per month accounted for 17%, up from 5.75% in the previous month.

Another report by the Hanoi Statistics Office showed that the number of workers employed in industrial enterprises as of the end of June is estimated to have increased by 0.3% compared to the previous month, and is on par with the same period last year. In the first half of the year, the employment index of industrial enterprises decreased by 1.5% year-on-year.

The Hanoi Department of Labor, Invalids and Social Affairs has been working to develop the local labor market and improve its employment data system. These efforts aim to better match labor supply and demand and ultimately reduce the unemployment rate.

The Department planned to submit a proposal to the Municipal People's Committee outlining a project for "Dissemination of Laws for Workers and Employers" to meet Vietnam's international labor obligations for the period 2023-2030.