Labour supply falls short of demand (12-11-2007) Staff of a HCM City job introduction service help job seekers find work online. — VNA/VNS Photo The Anh HCM CITY— Labour demand significantly outgrew supply in HCM City over the last 18 months, according to a report released by the job recruiting website Vietnamworks.com. Labour demand surged by 152 per cent, while labour supply rose only 119 per cent for the same period, the report said. The online job recruiter's third quarter report, the Viet Nam Online Employment Indicator, was based on the total number of CVs posted and jobs advertised on the company's website. Results showed a decline in labour supply in the fields of executive management, accounting/finance, marketing and telecommunications. The changes strongly demonstrate a severe shortage of managers and technically skilled workforce, according to the report. Jonah Levey, CEO of Navigos Group which owns Vietnamworks.com, said: "We observed that Viet Nam has … [Read more...] about Labour supply falls short of demand
Vietnamworks hai duong
New Trends In The Labor Market
New Trends In The Labor Market By Luu Trinh & Minh Phong New trends in the domestic labor market in late 2009 reflect changes in its international counterparts and Vietnam’s economic performance In general, as an economic recovery is under way, enterprises have started to recruit more employees. Online demand for human resources has inched up for two consecutive quarters. Meanwhile, the labor supply has shrunk as some workers returned to their home towns amid the global economic downturn. Consequently, the labor market is heating up although job seekers still find it hard to bargain with employers for high wages. Figures from VietnamWorks.com show that online demand for human resources in the third quarter was 11.4% higher than in the second quarter and 52.4% higher than in the first quarter. Twenty-four out of 50 sectors posted increases in labor demand, 21 sectors saw no change and five experienced shrinking demand for employees.Demand for human resources has dropped most … [Read more...] about New Trends In The Labor Market
BUSINESS IN BRIEF 14/6
Wood furniture firms advised to optimise domestic materials The world’s wooden interior décor market is predicted to grow 3.5 percent in 2018 and continue expanding, bringing chances for Vietnamese businesses to raise exports of the products. If Vietnamese businesses optimise the material sources they have and make the best use of trade promotion activities, their export earnings can surpass 8 billion USD. According to Huynh Van Hanh, Vice President of the Handicraft and Wood Industry Association of Ho Chi Minh City, in the past 15 years, the wood industry has maintained the growth rate of 8-15 percent a year despite world economic fluctuation. The biggest issue of the wood processing enterprises in Vietnam is they are focusing on a market section with low added value, mostly concentrating on outsourcing for foreign clients. To further develop the domestic wood sector, the businesses should pay attention to a higher target of selling abroad the whole space of high-end … [Read more...] about BUSINESS IN BRIEF 14/6
BUSINESS IN BRIEF 24/5
Revealing real estate tricks of the trade In what is a difficult time for the property market and real estate agents, some in the sector are still thriving, but what is their secret to success? While experts argue over what is the decisive factor for a successful transaction - position, price or construction speed, we reveal some of the tricks of the trade. Hong Quynh Phuong, director of apartment sales at the real estate service provider Savills, said the stagnant market had made customers believe the sector was in crisis. Customers are puzzled over whether they should buy property now or wait for prices to fall further, she said in a seminar recently. She went on further to say that some customers who had been determined to make purchases changed their minds after hearing the news that property prices had not fallen to the absolute bottom. "Since customers hesitate to purchase we are not in a hurry to urge them to make any decision," Phuong said. "Instead we help them understand more … [Read more...] about BUSINESS IN BRIEF 24/5
BUSINESS IN BRIEF 5/2
Gazprom to construct gas-to-power project in Quang Tri Russia’s Gazprom International hopes that in 2018, the central province of Quang Tri will continue to create favourable conditions for a gas-to-power project.This project, the company said, will contribute to the socio-economic development of the province.Kovtun Andray, head of Gazprom International’s representative office in Viet Nam, revealed this at a recent meeting with the provincial People’s Committee (PPC).He also expressed gratefulness to the province for supporting and creating favourable conditions for Gazprom International to carry out the project of exploiting and operating the gas-to-power plant in the southeast Quang Tri Economic Zone.Nguyen Quan Chinh, PPC’s vice-chairman, highly appreciated that Gazprom International had proceeded with the steps and determination to implement the gas-to-power project in Quang Tri. The provincial leader also urged Gazprom to continue to have … [Read more...] about BUSINESS IN BRIEF 5/2