Formal labor

Opting out of traditional eight-hours-a-day, five-days-a-week office work, many Vietnamese are now looking to freelance, reflecting a global trend. According to Manpower’s 2018 Total Workforce Index, Vietnam has over 57 million employees with 70 percent coming from the Y generation (born between 1976 and 1995) and ...

Vietnam’s labour market is predicted to reach 56 million in 2019, the Ministry of Labour, Invalids and Social Affairs (MoLISA) has announced. According to Le Quang Trung, deputy head of MoLISA’s Employment Department, the domestic labour market is witnessing a positive movement from untrained workers to ...

Vietnam’s demand for highly-skilled workers will continue growing steadily in the wake of increasing foreign investment inflow, causing a severe shortage of highly-qualified human resources in the time to come, expert have warned.Keep reading ...

The retirement age for male and female workers could increase from 60 and 55 at present to 62 and 60 respectively from 2021, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).Keep reading ...

Decreasees in labour productivity have deterred Vietnam’s economic growth, especially during 2003-2013. Improving labour productivity is now critical to boost the country’s GDP and helps Vietnam to become an industrialised and upper-middle income nation in the near future.Keep reading ...

Despite being a middle-income country, Vietnam’s labor productivity last year was equal to more than half of that of lower-middle-income economies and only 18.3% of that of upper-middle-income ones, said Nguyen Duc Thanh, director of the Vietnam Center for Economic and Policy Research.Keep reading ...

As the country’s population is growing and Industry 4.0 tends to deprive manual labourers of employment opportunities, Vietnam is under great pressure to generate sufficient employment for its young labourers.Keep reading ...

Employees could work up to 400 hours of overtime per year compared to the current 200 hours under the revised Labour Code which will be submitted to the National Assembly next year.Keep reading ...

Around 3 million workers will have demand for housing by 2020, according to reports by 46 out of 63 provinces and cities. As of late 2017, about 1.2 million workers needed accommodations, the reports said.Keep reading ...

Vietnam could lose 5 million jobs to automation by 2020. The International Labour Organisation (ILO) made the alarming proclamation in the context of the rise of Industry 4.0 and Vietnam’s lack of human resource quality.Keep reading ...