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 / Investment / Industrial zone
Recruitment demand of foreign manufacturers surges in 2021
Phi Nhat 16:27, 2021/01/28
Foreign investors will likely expand their scales in new industrial zones in the south this year.

The recruitment demand of foreign manufacturers at industrial zones in the southern provinces of Binh Duong, Dong Nai and Long An and Can Tho City will increase in 2021, according to the latest report conducted by Navigos Search.

 Industrial zones in provinces of Binh Duong, Dong Nai, Long An and Can Tho are catching the attention from foreign investors this year. Photo: VSIP Binh Duong

A report on middle and senior recruitment demands in Vietnam market in Quarter 4, 2020 and outlook in 2021 recently showed that many manufacturing enterprises from Europe, the US, China and Japan are exploring the market to invest in building their factories and developing production and business activities in Vietnam. Due to the land shortage in Ho Chi Minh City, the investors will likely expand their scales in new industrial zones further south.

According to Navigos Search’s analysis, Japanese manufacturing enterprises in the electronic and automotive spare parts plan to expand in 2021. Despite being heavily affected by Covid-19, Japanese manufacturing companies in Vietnam have officially returned to production and recruitment since the fourth quarter of 2020. A number of electrical/electronic enterprises have increased their production capacity to meet the market demand, and some in the furniture industry have doubled their yield compared to the pre-pandemic time.

There are also significant changes in recruitment demands in Japanese companies. For candidates who can speak Japanese only, both job opportunities and salaries considerably drop, meanwhile those fluently both English and Japanese are almost a decisive factor in recruitment.

Huge recruitment demand in IT this year

Navigos Search observed a quick recovery of recruitment in the information technology (IT) industry in the fourth quarter of 2020. The enterprises continue to recruit, focusing on high-quality people who master the most up-to-date technologies to increase their products and services’ competitiveness. New entrants are quickly building their recruitment brands and having good salary and bonus policies to attract qualified personnel.

Although the pandemic delayed recruitment in the IT industry, businesses in the sector are studying and making plans to recruit 1,000 engineers in 2021.

The report also found that local banks are planning to recruit a large number of employees for credit sales (customer relations). In addition, hiring in the technology and data sectors will be boosted due to strong demand for digital transformation at commercial banks.

Regarding the insurance industry, as a number of life insurance companies have signed exclusive contracts with commercial banks in bancassurance, they are in need of hiring consultants to work full time.


RELATED NEWS
TAG: recruitment demands foreign investors
Other news
13:47, 2024/04/01
Vietnam, China intensify cooperation on green growth, digital economy
The scope of cooperation includes not only investment but also technology transfer, employee training, and the exploration of other markets.
22:03, 2024/01/18
Hanoi's green industrial parks attract investment
Hanoi's industrial and commercial sector has been focusing on green growth - a trend that catches investors' attention.
22:11, 2023/02/10
Vietnamese, Singaporean firms ink agreements to bolster economic relations
Singapore’s FDI into Vietnam in 2022 amounted to nearly US$6.46 billion, making it the largest foreign investor for that year.
14:32, 2022/09/24
Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.
08:32, 2022/09/12
Vietnam leads top choice for global investors: Cushman & Wakefield
Vietnam is considered an attractive investment destination and a dynamic, open economy with a high growth rate in the world.
17:20, 2022/03/07
Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.