Supply shortage increases job opportunities in Vietnam: Report

17-Apr-2020 Intellasia | Hanoi Times | 6:02 AM Print This Post

The recruitment demand in the upcoming years is forecast to increase steadily, according to an online recruitment report.

The shortage of labour supply through online recruitment in Vietnam in 2015-2019 would present better job opportunities and less competition for employment seekers, according to the a report on online recruitment market for 2019 in Vietnam conducted by VietnamWorks, Navigos Group-backed online recruitment website.

Supply-demand overbalance

According to statistics from VietnamWorks’ application file, the online labour supply nationwide during the five years from the beginning of 2015 to the end of 2019 increased 45 percent but has not met the demand for employment which grew 55 percent in the period, meaning a shortage of talent in some industries. However, this can be seen as a positive aspect because workers will have higher job opportunities and face less competition.

When comparing the top three industries with outstanding growth in labour supply in 2019 with the top three industries with high growth in recruitment demand the same year, there are some signs of overbalance and shortage of manpower.

There are signs of oversupply of human resources in some industries such as Banking, Advertising/Promotion/PR and labour shortage in Customer Service and Product/Process industries.

Labour shortage in high-growth industries

The top three industries with the highest recruitment demand are Sales, Finance/Investment and Administrative/Clerical respectively. These industries also led in the number of applications submitted in 2019.

However, there was a slight difference in the ranking when Administrative/Clerical was leading in terms of the number of applications, while the Sales industry headed in the number of job postings. Thus, there is likely to be a slight difference between recruitment needs and labour supply in these two industries.

Besides that, three industries that have high growth rates in recruitment demand are Planning/Projects, Customer Service, Product/ Process with strong growth rates of 17%, 13 percent and 13%, respectively, according to the report.


Category: Economy, Vietnam

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