9:00-10:30, 16/6/2023 Live- Talk show: New opportunities in the job transition
According to statistics from the Ministry of Labour, Invalids and Social Affairs (MoLISA), nearly 280,000 workers lost their jobs in just five months, accounting for about 55 per cent of the total number of employees affected. Nearly 195,000 workers have had their working hours reduced, around 17,000 labourers had to take unpaid leave, and more than 8,300 people have their contracts suspended.
“Enterprises suffered from a lack of orders due to difficulties in major export markets, high inflation, and tight monetary policy, which reduced purchasing power – especially in demand for fashion items and personal electronic devices. Many businesses are facing a large inventory of goods that cannot be exported, while there are few new orders,” Dung shared.
To date, more than 8,600 enterprises in Vietnam have been forced to reduce their workforce, of which 27.4 per cent are foreign-invested enterprises, 72.2 per cent are non-state enterprises, and 0.4 per cent are state-owned enterprises. They are mainly operating in textiles, footwear, wood processing, manufacturing, and electronic component assembly.
|9:00-10:30, 16/6/2023 - Talk show: New opportunities in the job transition |
The report from the MoLISA also indicates that the localities with the largest number of affected workers are the places with the largest concentration of industrial parks and economic zones in the country, including Binh Duong, Dong Nai, Ho Chi Minh City, Bac Giang, Bac Ninh, Hai Duong, and Hanoi.
According to Navigos Group, the recruitment demand of many occupational groups in the first half of this year decreased by 18-43 per cent compared to the pre-pandemic period, focusing mainly on the industries with the largest recruitment demand such as textiles and footwear, construction and real estate, IT, transport and logistics, administration, and marketing and sales.
The wave of lay-offs is expected to continue until the end of the year due to difficulties stemming from the economy, according to the Private Economic Development Research Board in a new survey. About 5,200 out of nearly 9,600 businesses surveyed said they will still cut more than 5 per cent of their employees before the end of 2023.
Key tasks and measures to meet the requirements of the Fourth Industrial Revolution
The Directorate of Vocational Education and Training (DVET) is being assigned a number of key tasks in advising on policies, strategies, and solutions to improve vocational skills for employees, thereby contributing to increasing labour productivity, national competitiveness, and raising people’s income, bringing the country out of the middle-income trap.
The DVET is implementing a series of measures, including the country’s vocational training development strategy in the 2021-2030 period, with a vision to 2045; and the programme “Training and retraining to improve human resource skills to meet the requirements of the Fourth Industrial Revolution” according to Decision No.1446/QD-TTg dated August 2021.
- First, legal regulations as well as policies to support vocational training for employees need to be continuously revised, amended, supplemented, and improved to meet the development needs of labour market. It is necessary to diversify training types, and focus on retraining and regular training for the workforce. In addition, the DVET also needs to reorganise the network of vocational education institutions, build regional linkage models in training and human resource supply, build national centres for high-quality vocational training and practice according to key economic regions, and promote digital transformation in training.
- Second, international cooperation and labour market links at home and abroad need to be strengthened. It is necessary to inform and propagate to raise the awareness of employees, employers, and other subjects participating in the labour market to ensure stability and development.
- Third, the creation of decent jobs and effective use of the workforce should be promoted, focusing on implementing solutions to channelise and improve the quality of human resources to meet the requirements of the labour market; increasing investment and development of economic sectors to create more sustainable jobs; synchronously investing in facilities, equipment, and quality assurance conditions for vocational education institutions and higher education institutions; and investing in training to improve skills for employees.
Meanwhile, the International Labour Organisation’s World Employment and Social Outlook 2023 Trends Report also confirmed that global employment is forecast to increase by only 1 per cent, down from the 2.3 per cent growth rate of last year. The gloomy employment has posed a problem for management units, led by the MoLISA, to provide timely support policies for workers to soon settle down and help them in transition to more suitable jobs.
The draft revised Law on Employment being developed by the MoLISA has proposed to supplement training policies, improve vocational skills for workers to help them maintain jobs and support unemployed workers to participate in training courses to improve vocational skills.
Pham Vu Quoc Binh, deputy director of the Directorate of Vocational Education and Training, said that it is also promoting international cooperation through signing with many corporations, associations, large enterprises, and agencies of Japan, Taiwan, and South Korea to organise training and supply trained workers.
“Vocational training programmes are designed to approach the needs of the market to help learners equip themselves with necessary business skills. The quality of human resources will be improved, able to quickly adapt to the changes of the labour market, and have the opportunity to find better quality jobs, especially in the context that Vietnam is becoming an attractive destination for many foreign businesses,” Binh said.
Wishing to contribute more initiatives and solutions to the challenges of the labour market, helping employees access opportunities to change jobs more effectively, Vietnam Investment Review will hold a talk show themed “New Opportunities in the Job Transition.”
The talk show will take place from 9am on June 16 with the participation of representatives of regulatory agencies, advisory firms, and businesses, and will be livestreamed on platforms under the VIR system.
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