Banking industry forecasts large-scale recruitment demand
The Vietnamese banking industry will have large-scale recruitment demand this year, recruitment service provider Navigos Group has forecast.
In a recent report on recruitment demand for middle and senior personnel in Việt Nam’s market, Navigos Group said that forecast signals in 2022 show that large-scale recruitment demand in the banking sector would continue to increase.
“Some banking and securities companies are also looking for senior personnel for key positions leading the new business strategy,” the report said.
Recruitment requests in Q4 2021 of businesses in the financial and banking sector decreased compared to the previous two quarters because banking, as well as financial companies, tend to focus on making plans for the new year.
However, from the end of Q4 2021, a large number of recruitment projects look for positions such as information technology in financial service consulting companies and sales positions for insurance companies and banks, serving business expansion and development in 2022.
The report also said information and communication technologies (ICT) was still an exciting industry in the recruitment market. ICT is an industry that has not been affected much by the pandemic, thus this industry was still vibrant for recruitment demand.
Appearing in the market are companies in the IT sector investing in Việt Nam through the opening of representative offices or the establishment of Research and Development (R&D) centres for technology.
In Q4 2021, as observed by Navigos Search, businesses have a lot of demand to recruit good personnel in the fields of artificial intelligence (AI), big data, crypto and blockchain. However, the supply of human resources in these fields is poor, leading to competition among enterprises that need recruitment. In addition to Hà Nội and HCM City, businesses in the IT sector also open offices in Đà Nẵng.
Meanwhile, in the fast-moving consumer goods (FMCG) sector, businesses have applied bonus policies to retain or attract talent.
FMCG businesses have experienced a tumultuous year due to the pandemic. Recruitment activities are frozen because businesses have to save costs to ensure business results are maintained. Due to fear of losing year-end bonuses, candidates were reluctant to leave jobs at this time.
Accordingly, multinational companies have applied bonus policies to retain employees or to attract talent. For the key personnel of the business, they use a retention bonus policy. For good personnel that the enterprise wants to recruit, they also apply a “Sign-on bonus” policy. These bonuses help candidates when moving to a new company as they can receive the bonus they would have received at the previous company.
In Q1 2022, recruitment in the FMCG industry will flourish again as businesses begin to use new budgets. — VNS
Related News
Industrial Growth Projections for 2025
15:31 | 31/12/2024 Headlines
The supporting industry needs high-tech human resources
00:00 | 22/10/2023 Import-Export
Semiconductor industry needs 50,000 high-quality workforce in next 10 years
15:51 | 18/10/2023 Import-Export
Vietnam making new moves in multibillion-dollar semiconductor industry
14:13 | 13/10/2023 Import-Export
Latest News
Keeping inflation in check a priority for 2025
11:05 | 22/01/2025 Finance
Debt repayment pressure continues to weigh on corporate bond market
14:11 | 20/01/2025 Finance
2025 a new era for financial institutions
16:49 | 19/01/2025 Finance
Positive outlook for Việt Nam’s banking sector in 2025
08:04 | 16/01/2025 Finance
More News
SBV makes significant net withdrawal to stabilise exchange rate
07:59 | 15/01/2025 Finance
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts
06:19 | 11/01/2025 Finance
Banking industry to focus on bad debt handling targets in 2025
14:38 | 03/01/2025 Finance
State Bank sets higher credit growth target for 2025
15:22 | 31/12/2024 Finance
Outlook for lending rates in 2025?
15:20 | 31/12/2024 Finance
Tax policies drive strong economic recovery and growth
07:55 | 31/12/2024 Finance
E-commerce tax collection estimated at VND 116 Trillion
07:54 | 31/12/2024 Finance
Big 4 banks estimate positive business results in 2024
13:49 | 30/12/2024 Finance
Flexible and proactive when exchange rates still fluctuate in 2025
11:03 | 30/12/2024 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Keeping inflation in check a priority for 2025
11:05 | 22/01/2025 Finance
Debt repayment pressure continues to weigh on corporate bond market
14:11 | 20/01/2025 Finance
2025 a new era for financial institutions
16:49 | 19/01/2025 Finance
Positive outlook for Việt Nam’s banking sector in 2025
08:04 | 16/01/2025 Finance
SBV makes significant net withdrawal to stabilise exchange rate
07:59 | 15/01/2025 Finance